Viceroy drills Argentine target
Viceroy Resource (VOY-T) has begun drilling at the Gualcamayo project in the western Argentine province of San Juan.The Vancouver-based producer has three drill rigs on the Quebrada del Diablo prospec…
News
LME WHSE LEVELS (October 12, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Oct. 6/98 (change from Sept. 29 in brackets):MetalStocks (tonnes)Change…
TSE INDICES (October 12, 1998)
1998Oct. 6Oct. 5Oct. 2Oct. 1Sept. 30HighLowCompos…
Goldcorp feasibility shows drop in costs — Mine could produce from new zones at US$88 per oz.
Results of a feasibility study commissioned by Goldcorp (G-T) show that the new high-grade zones at the Red Lake mine in Balmertown, Ont., could be mined at cash costs of below US$100 per oz.The high-…
PRODUCER & DEALER PRICES (October 12, 1998)
Aluminium: LME settlements US$1,291, alloy US$1,114 per tonne (Oct. 6/98).Antimony: Representative mid-market US$1,320 per tonne (Oct. 6/98).Bismuth: Representative mid-market US$3.25 per lb. (Oct. 6/…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Gold remains a haven amid global uncertainty — Nickel dives to 11-year low as base metal majors slump
Market anxiety continued to reign during the Sept. 30-Oct. 6 report period as the economic crisis gripping Asia and Russia threatened to take hold in Latin America. The Group of Seven most-industriali…
NAME CHANGE (October 12, 1998)
Brooks Resources (BRC-V) has changed its name to International Brooks Petroleum (IBP-V) on a 1-new-for-10-old-share basis.
MINING MARKETS & INVESTMENT NEWS — INSIDER TRADING — Vengold adorns execs with options
Vancouver-based Vengold (VEN-T) granted three officers and five directors a total of 2.95 million options in July. The sweetener came just weeks before the company nabbed a further 6.5% interest in th…
The Northern Miner — Small Producers Index (October 12, 1998)
102.26 (Sept 30/98 = 100)For an explanation of these new indices, see The Northern Miner’s Mining Indices…
GOLD FUNDS (October 12, 1998)
Gold Funds as of October 1, 1998BGRCentralNet Value$14.026.27Price$12.00$…
Rayrock closes Daisy purchase
Rayrock Resources (RAY-T) has acquired the remaining 65% stake in the Daisy gold mine owned by sister company Inter-Rock Gold (IRO-T).The property was purchased for a total of about US$1 million cash …
SPOT PRICES (October 12, 1998)
Wednesday October 7, 1998Price (US)Week’s ChangeGold*$298.85+$4.75Silver*$ 5.13…