TSE INDICES (November 23, 1998)
1998Nov. 17Nov. 16Nov. 13Nov. 12Nov. 11HighLowCom…
1998
DIAMOND PAGE — DIAMOND NEWS ROUNDUP — Glenmore spared legal action
Legal action filed against Glenmore Highlands (GMH-V) by two people claiming to be shareholders has been dropped.The claim sought to force Glenmore, which owns an interest in the AK and CJ diamond pro…
DIAMOND PAGE — Phoenix kimberlite proves diamondiferous
Kennecott Canada Exploration has recovered a small amount of diamonds from the Phoenix kimberlite body in northeastern Alberta. Phoenix is the first of five kimberlites discovered to date on the Legen…
SPOT PRICES (November 23, 1998)
Wednesday November 18, 1998Price (US)Week’s ChangeGold*$294.40+$0.80Silver*$ 4.96…
Metallica pulls in horns
The curtailment of exploration staff in South America and the writedown of deferred exploration costs have resulted in a net loss of US$570,000 for Metallica (MR-T) in the 1998 third quarter.The Denve…
OBITUARIES — Dennis Gray
Dennis Gray, chairman and chief executive officer of Antares Mining, has died of complications following surgery. He was 68.Born in Hessle, England, in 1930, Gray emigrated to South Africa in 1951 aft…
GREATEST VALUE TRADED (November 23, 1998)
ExchgVal($000s)HighLowCloseChangePlacer DomeT2621…
METAL PRICES (November 23, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateNov. 17Nov. 16Nov. 13Nov. 12…
Anzex president removed prior to annual meeting
A final showdown between the board of directors of Anzex Resources (AZX-V) and its former president will play out at the company’s annual general meeting next month.At the centre of the dispute are th…
William accelerates closure
Poor third-quarter results have prompted William Resources (WIM-T) to shut down its Brazilian gold mine earlier than expected.In mid-October, William announced that its problem-plagued Jacobina mine w…
Exall shines in third quarter
Junior producer Exall Resources (EXL-T) enjoyed a profitable third quarter, netting $801,031 in the three months ended Sept. 30, compared with net losses of $148,552 in the comparable period of 1997.T…
DIAMOND PAGE — DIAMOND NEWS ROUNDUP — Inquiry to report on mine disaster
Work at a kimberlite pipe on the Tswapong property in Botswana has been halted after sampling indicated uneconomic diamond content.Owner Botswana Diamondfields (BWD-V) has since closed its field offic…