METAL FUTURES (June 01, 1998)
Settlement prices for London Metal Exchange spot metal and three-month contracts, May 26/98 (US$ per tonne):MetalsCash PriceThree Month Price…
News
MINING MARKETS & INVESTMENT NEWS – INVESTMENT COMMENTARY — Yorkton initiates coverage of Millstream
The deep drilling program at Millstream Mines’ (MLSM-C) Potter mine represents “one of the most promising current base metal exploration projects in Canada,” writes John Kallaway, mining analyst for Y…
MINING MARKETS & INVESTMENT NEWS – WESTERN MARKETS — St. Jude drilling excites Vancouver market
The Vancouver Stock Exchange composite index continued its downward trend, losing 11.36 points, or 1.8%, to end the May 20-26 report period at 603.21.The mining index also lost ground, slipping 7.44 p…
Canabrava drills for diamonds
Canabrava Diamond (CNB-V) is set to begin a first-phase drill program to test newly discovered kimberlites on the company’s Whitefish Lake property, 25 km northeast of Wawa, Ont.The property consists …
TSE SHORT POSITIONS (June 01, 1998)
Short positions outstanding at May 15, 1998Larger individual positions included:Agnico-Eagle Mines 71,450, down 299,505; Barrick Gold 14,349,342, up 726,130; Campbell Resources 2,488,739, up 382,109; …
TSE INDICES (June 01, 1998)
1998May 26May 25May 22May 21May 20HighLowComposit…
Queenston arranges placement in Western Copper
Queenston Mining (QMI-T) has sold 200,000 shares of Western Copper Holdings (WTC-T) at $7.25 each and, subject to regulatory approval, has arranged to purchase a 200,000-unit private placement at $7.2…
Guyana Goldfields acquires past producer
Guyana Goldfields (GGFI-C) has picked up the Aurora property in Guyana, the site of the country’s largest past-producing gold mine.In order to earn its interest in the 65-sq.-km property, the company …
Namco sells diamonds
London, England-based Namibian Minerals (NMR-T) has sold its first parcel of diamonds from its coastal operations in Namibia.The 5,093 carats of diamonds were sold in Antwerp, Belgium, for US$913,388,…
PRODUCER & DEALER PRICES (June 01, 1998)
Aluminium: LME settlements US$1,340, alloy US$1,259 per tonne (May 26/98).Antimony: Representative mid-market US$1,490 per tonne (May 26/98).Bismuth: Representative mid-market US$3.75 per lb. (May 26/…
Anomalies defined at Kikerk Lake
With results in hand for all till samples collected during the 1997 program, partners Caledonia Mining (CAL-T) and Condor International Resources (COD-V) have defined a geochemical anomaly on the Hunt…
Fjordland set to begin Greenland diamond hunt
Fjordland Minerals (FML-V) is preparing to begin a helicopter-supported till-sampling program in Greenland.The Vancouver-based junior intends to focus on 24 areas where last year’s reconnaissance samp…