GREATEST VALUE TRADED (May 18, 1998)
ExchgVol(000′)HighLowCloseChangeBarrick GoldT1859…
News
SPOT PRICES (May 18, 1998)
Wednesday, May 13, 1998Price (US)Week’s ChangeGold*$295.60- $7.90Silver*$ 5.46…
MINING MARKETS AND INVESTMENT NEWS — EASTERN MARKETS — Producers suffer falling metal prices, but TSE manages to hang on
The Toronto Stock Exchange 300 index sustained a minor loss during the report period May 6-12, dropping just 2.42 points to end at 7,717.70. The index, however, fared better than the gold and precious…
Index (May 18, 1998)
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Winspear unable to locate Snap Lake feeder
Despite having completed a $3.2-million winter diamond exploration program in the Northwest Territories, Winspear Resources (WSP-V) has yet to ferret out a feeder system at Snap Lake.The bulk of the 6…
Richmont enjoys superb quarter
More gold at lower costs, is the simple explanation behind Richmont Mines’ (RIC-T) stellar performance in the first quarter of 1998.The Rouyn-Noranda, Que.-based gold miner earned $961,975 (or 6cents …
Drills turn at Hackett River
Drilling is under way at the Hackett River base metal project near Bathurst Inlet, N.W.T., reports Etruscan Resources (EET-T).The 7,500-metre program, scheduled for completion by the end of August, wi…
LME WAREHOUSE LEVELS (May 18, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at May 11/98 (change from May 1 in brackets):MetalStock(tonnes)ChangeA…
Tri Origin secures Ontario ground
A 717-metre diamond drill program by Tri Origin Exploration (TOE-T) at its Confederation base metal property in northwestern Ontario has returned lacklustre results.Of five planned holes, two were aba…
Night Hawk Lake plans set
The four companies that constitute the Night Hawk Lake joint venture have approved a $410,000 program of downhole and ground geophysics, data interpretation and drilling. The 637-claim property is 38 …
COMMENTARY — Medicinal silver
One dose of silver oxide may prolong the life of terminally ill patients stricken with acquired immune deficiency syndrome (AIDS), according to a study conducted at a clinic in Central America. The tr…
Meetings (May 18, 1998)
May 19, Caesars GoldMay 19, CampbellMay 19, DenburyMay 19, GoldbeltMay 19, Silver StandardMay 19, SummitMay 20, Athabaska GoldMay 20, Black MountainMay 20, Blue BirdMay 20, Canadian ShieldMay 20, Cork…