LME WHSE LEVELS (November 30, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Nov. 24/98 (change from Nov. 17 in brackets):MetalStocks (tonnes)Change…
News
EXPLORATION – NEWS ROUNDUP — Triex options Tenajon’s Pardo
Vancouver-based Triex Resources (TIE-V) is about to begin line-cutting, sampling and geophysical work at its newly optioned Pardo gold property 60 km northeast of Sudbury, Ont.The junior recently sign…
EXPLORATION — Hebron starts drilling in Peru
Having completed a $700,000 financing, Hebron Fjord Resources (HEF-M) is using a portion of the proceeds to drill-test its Torrecillas property in Peru.The first phase of drilling will consist of 1,00…
GOLD FUNDS (November 30, 1998)
Gold Funds as of November 19, 1998BGRCentralNet Value$14.516.09Price$10.00…
EXPLORATION — American gold producers investing less at home: survey
In 1997, for the first time in three years, worldwide exploration expenditures of U.S. gold producers decreased, down 9% to US$582 million, according to a survey conducted by the Washington, D.C.-base…
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — Dow Jones breaks through 9,000 ceiling
Spurred by the third cut to interest rates this year, the Dow Jones industrial average surged during the Nov. 18-24 report period to an all-time high of 9,301.15 points. The average peaked at 9,374.27…
PRODUCER & DEALER PRICES (November 30, 1998)
Aluminium: LME settlements US$1,281, alloy US$1,072 per tonne (Nov. 24/98).Antimony: Representative mid-market US$1,295 per tonne (Nov. 24/98).Bismuth: Representative mid-market US$3.20 per lb. (Nov. …
EXPLORATION — New horizon at Caber North
Drilling has opened up an untested horizon and added to the potential of the Caber North base metal target in northern Quebec’s Matagami region, reports Southern Africa Minerals (SAF-T).A 4,000-ft. dr…
EXPLORATION – NEWS ROUNDUP — Mountain Lake finds disseminated gold
Toronto-based Mountain Lake Resources (MOA-V) has reported the discovery of a new style of disseminated gold mineralization at its Valentine Lake project in Newfoundland.Hole 98-97 cut two near-surfac…
TSE SHORTS (November 30, 1998)
Short positions outstanding at November 15, 1998Larger individual positions include: Abitibi Consolidated 1,138,990; Alcan Aluminium 1,358,606, up 274,401; Anderson Exploration 214,560; Asia Pacific R…
DIAMOND PAGE — Monopros cements presence
Monopros, the Canadian exploration arm of De Beers Consolidated Mines (DBRS-Q), is looking at Canadian diamond potential over the long haul.The company recently added an office in an east-Toronto subu…
Vizcachitas gets closer look
In a low-price environment, when second-quartile producers just aren’t good enough, many mining companies are forced to persuade bankers that their mines can still make money. The process is doubly ha…