Spot Prices (August 30, 1999)
Wednesday August 25, 1999Courtesy of ScotiabankPrecious MetalsPrice (US$/oz.)ChangeGold$253.20- $8.30…
News
Ken Snyder boosts royalty sisters
By producing their own gold, royalty sisters Franco-Nevada Mining (FN-T) and Euro-Nevada Mining (EN-T) are realizing higher profits.During the quarter ended June 30, the two companies jointly cranked …
Curragh successor launches suit against Alpha investors
A group of investors that won a 24% stake in the Kassandra property in northern Greece in a 1998 suit for breach of fiduciary duty now finds itself caught between the defendant, TVX Gold (TVX-T), and …
COMMENTARY – Fiat money must be abolished
Almost all bank profits are unearned and result from fiat money. What services do commercial banks in the U.S. provide that add value to people’s lives? For the most part, they provide cheque clearing…
LETTER TO THE EDITOR — Geostats provide one piece of estimation puzzle
This discussion is written as a continuation of the ongoing debate of resource estimation and, in particular, geostatistics.I take issue with the endless commentary, arguments and opinion about the va…
Gold Funds (August 30, 1999)
Gold Funds as of August 19, 1999BGRCentralNet Value$13.515.51Price$8.90$5…
Manhattan hits more sulphides
Manhattan Minerals (MAN-T) has released more encouraging drill results from the TG-3 copper-zinc-gold-silver target, part of its Tambo Grande project in northern Peru.The company is earning a 75% inte…
Corner Bay finds sweet spot
Infill drilling at the Alamo Dorado property in Sonora state, Mexico, is proving up what could become an open-pit, heap-leach silver mine.Corner Bay Minerals (BAY-T) collared nine reverse-circulation …
EDITORIAL — Last legal gasp — Coveting Hemlo
It has been said of Murray Pezim that he sometimes forgot who his real friends were, a failing not uncommon in people who need the stroking an entourage provides. But he always knew who his enemies we…
Index (August 30, 1999)
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Aber reports delay, higher mine costs
A final feasibility study indicates that the development of Canada’s second diamond mine will cost $405 million more than expected and require an additional year to complete.In anticipation of a decis…
Exchange Rates (August 30, 1999)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug. 24Aug. 23Aug. 20Aug. 19Aug. 18…