PRODUCER & DEALER PRICES (May 24, 1999)
Aluminium: Comex Sept. delivery US$0.6595 per lb. (May 18/99).Antimony: Representative mid-market US$1,235 per tonne (May 18/99).Bismuth: Representative mid-market US$3.60 per lb. (May 18/99).Cadmium:…
News
METAL PRICES (May 24, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateMay 18May 17May 14May 13…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Gold plummets
The Dow Jones industrial average was off 189.2 points for the report period ended May 18, closing at 10,836.95 on renewed fears of inflation.Gold continued to slide further following an announcement b…
Companies (May 24, 1999)
Aegean GoldAscot ResourcesBattle Mountain GoldBolidenComincoCyprus Amax MineralsDe Beers Consolidated MinesEuroZinc MiningFrancisco GoldFreewest Resources CanadaGlamis GoldGoldmax Resources…
Sherritt votes with its chequebook — Makes bid for Aussie nickel producer
Sherritt International (S-T) now owns a stake in the Australian mining industry following its $51-million purchase of a 9% interest in producer Anaconda Nickel.Citing a “positive outlook for the proje…
Meetings (May 24, 1999)
May 25, Maude Lake May 25, Parkcrest May 25, Place May 25, Platinova A/S May 25, Platinova Res. May 25, Southern Africa May 25, Symmetry May 25, Visionary May 26, Allied Cons May 26, Argent May 26, Az…
Rio perseveres in weak market — Quarterly output rises, cash costs fall
Thirty-nine consecutive years of profits and dividends is a notable achievement by any standard, yet management at Rio Algom (ROM-T) have no intention of sitting back and resting on their laurels.At R…
GREATEST VALUE TRADED. May 12-18, 1999
ExchgVal($000s)HighLowCloseChangePlacer DomeT2251…
Monopros finds kimberlite
Winter exploration at the Victoria Island diamond project in far northern Nunavut has resulted in a significant kimberlite discovery, dubbed the Horned Lark.Monopros, the Canadian exploration arm of D…
River Gold stays afloat
By mining higher-grade ore, River Gold Mines (RIV-T) remained profitable in the first three months of 1999.Earnings topped $287,000 (or 1 cents per share) on revenue of $9.2 million, compared with $73…
Estrella disappoints Valerie
Available assay results for eight of the nine drill holes that tested the Estrella gold prospect in the western Mexican state of Nayarit are much weaker than Valerie Gold Resources (VLG-V) anticipated…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Composite rises as mining index stays steady
The Vancouver Stock Exchange composite index jumped 15.81 points, or 3.5%, to close the week ended May 18 at 467.05. The mining index remained steady, gaining only half a point, or 0.18%, to finish at…