NovaGold drills in northern Mexico
Nova Scotia-based NovaGold Resources (NRI-T) reports that diamond drilling has begun at the Koala project in central Chihuahua state, Mexico.In February, the company acquired a 20% interest in the 990…
News
DIAMOND NEWS ROUNDUP — Diamond News Roundup — Trans Hex teams with Verena
Toronto-based Trans Hex International (thi-t) has acquired the right to a half-interest in the Rio Grande diamond project in the Brazilian state of Minas Gerais.To earn its interest, the company must …
GOLD AND PRECIOUS METAlS — Link to drill in Mexico
A successful soil sampling campaign at its Lupita project, in Mexico’s Jalisco state, has prompted Link Mineral Ventures (LMVL-C) to undertake a drill program.Soil samples were collected from the uppe…
GOLD AND PRECIOUS METALS — Gold companies merge for growth, or survival — Majors, mid-tier producers and juniors take part in merger mania
From the largest South African producers to juniors with small mines, gold companies are joining forces in an attempt to weather a prolonged slump in prices that has already taken its toll on a number…
Drills turning at South Voisey’s Bay
Donner Minerals (DML-V) and Teck (TEK-T) have commenced their long-anticipated drilling program at the South Voisey’s Bay project in Labrador.Three drill rigs are currently operating under the field s…
Mar-West weighs scoping study for San Martin
A $2-million exploration and development program is well under way on the San Martin hot spring deposit in Honduras, Mar-West Resources (MSR-V) reports.The program, designed to advance San Martin to t…
LME Warehouse Levels (May 25, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at May 11/98 (change from May 1 in brackets):MetalStock(tonnes)ChangeAluminium536700(-59225)Copper272150(-10650)Lead107325(+97…
MOST ACTIVE ISSUES, May 13-19
ExchgVolume(000’s)CloseBarrick GoldT515930.75Cypress Mnrls…
SPOT PRICES (May 25, 1998)
Wednesday, May 20, 199Price (US)Week’s ChangeGold*$298.10+ $2.50Silver*$ 5.21…
TORONTO STOCK EXCHANGE INDICES (May 25, 1998)
1998May 19May 18May 15May 14May 13HighLowComposit…
GREATEST VALUE TRADED, may 13-19
ExchgVolume(000’s)HighLowCloseChangeBarrick GoldT…
GOLD FUNDS (May 25, 1998)
Gold Funds as of May 14, 1998BGRCentralNet Value$15.67$6.02Price$12.00$5.