LME WHSE LEVELS (June 28, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at June 22/99 (change from June 15 in brackets):MetalStocks(tonnes)Change…
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TSE SHORTS (June 28, 1999)
Short positions outstanding at June 15, 1999Larger individual positions include:Abitibi Consolidated 1,631,973, up 116,998; Alcan Aluminium 1,082,155; American Gem 109,100, down 959,552; Anderson Expl…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Listless gold eclipsed by rebounding base metals
Gold prices continued to languish below the US$260 mark during the June 16-22 report period, slipping 20 cents over the week to US$258.70 per oz. on the London morning fix of June 23.Gold’s woes dragg…
THE NORTHERN MINER — Small Producers Index (June 28, 1999)
63.69 (+3.36)
THE NORTHERN MINER — North American Mining Index (June 28, 1999)
92.37 (-1.50)
Trivalence picks Aredor gem
Junior Trivalence Mining (TMI-V) has recovered a 146.8-carat diamond from its Aredor alluvial concession in Guinea.The stone, which is described as gem-quality, was derived from a stockpile of oversiz…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Winspear, Foran provide sparkle to western markets
Dark clouds, cold temperatures and heavy rains have stalled the onset of summer in Vancouver, and the general dreariness appears to have spread to the city’s capital markets. With gold prices as depre…
Francisco leaves Goldcorp
Other endeavours are calling Rolando Francisco, who has resigned as president of Goldcorp (G-T).Francisco, who had served as president of the company since 1997, will be replaced pro tem by Goldcorp’s…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Low gold pulls down producers
The Dow Jones industrial average climbed 126.64 points (1.2%) to reach 10,721.63 over the report period ended June 22. But the continued strength of the American economy did nothing to stop gold’s sli…
Yamana tests silver ‘pockets’ at Martha
As its share price begins to drift back to normal levels, Yamana Resources (YRI-T) is encountering more bonanza-grade silver intersections at its Bacon property in southern Argentina.During the final …
Cominco banks on success of Red Dog
As the latest operating figures show, the Red Dog zinc-lead-silver mine in northwestern Alaska continues to add considerable value to Cominco’s (CLT-T) bottom line.Between the recent first quarter and…
BASE METALS — Boliden shows off revamped Myra Falls
The Myra Falls zinc-copper mine is back on track following a 3-month shutdown that allowed for a US$10-million rehabilitation program.Situated in mountainous Strathcona Provincial Park, the mine is ne…