SPOT PRICES (March 08, 1999)
Wednesday, March 3, 1999Precious MetalsPrice (US)ChangeGold286.65+$0.55Silver$ 5.3…
News
Index (March 08, 1999)
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MINING MARKETS & INVESTMENT NEWS – U.S. MARKETS — Dow wipes out last week’s gains
The Dow Jones industrial average dropped 246.81 points for the report period ended March 2, to close at 9,297.61.Mining issues were mixed in modest trading, as metals prices held steady. New York Stoc…
Golden Goose busy at Magino
Toronto-based Golden Goose Resources (GGR-T) has completed more metallurgical work to determine the feasibility of a heap-leach mine at its Magino gold property near Wawa, Ont.The program, carried out…
Greystar expands project
Greystar Resources (GSL-T) has tied up more ground at its Angostura gold-silver property in northeastern Colombia.The property now consists of 10 concessions, licenses or permits totalling roughly 4,0…
METAL PRICES (March 08, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateMar. 2Mar. 1Feb. 26Feb. 25…
PRODUCER & DEALER PRICES (March 08, 1999)
Antimony: Representative mid-market US$1,390 per tonne (Mar. 2/99).Bismuth: Representative mid-market US$3.25 per lb. (Mar. 2/99).Cadmium: Representative mid-market US$0.28 per lb. (Mar. 2/99).Chromiu…
Luscar inks Japanese coal contracts
Luscar Coal has agreed to supply Japanese steel mills with coking coal from its Gregg River operation in Alberta.However, the new contracts reflect the troubled Asian economy as they have a duration o…
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — TSE slips as base metals post gains
The Toronto Stock Exchange 300 index slipped 229.55 points in the report period Feb. 24-March 2, largely on further reports of poor first-quarter bank earnings. The broad market ended the period at 6,…
MINING MARKETS & INVESTMENT NEWS – WESTERN MARKETS — Diamond explorers show signs of heating up
The adage “even a dead cat will bounce” pretty much sums up the performance of western markets over the report period Feb. 24-March 2. The Vancouver Stock Exchange composite index rebounded to post a …
NEWS ROUNDUP — Barrick makes changes at top
As expected, Barrick Gold (ABX-T) has reached into its own talent pool to fill a vacancy left by the surprise departure of president Paul Melnuk.Randall Oliphant was appointed president and chief exec…
GREATEST VALUE TRADED, Feb. 24-Mar. 2
ExchgVal ($000’s)HighLowCloseChangeBarrick GoldT1…