SPOT PRICES (March 23, 1998)
Wednesday, March 18, 1998Price (US)Week’s ChangeGold*$289.10- $6.15Silver*$ 5.80…
News
OGS improves mineral potential of northern Ontario
Discoveries made by Ontario Geological Survey (OGS) geologists have boosted the mineral potential of the Kapuskasing and Marathon areas.A soil sampling project being completed by OGS staff in the Kapu…
PRODUCER AND DEALER PRICES (March 23, 1998)
Aluminium: LME settlements US$1,450, alloy US$1,297 per tonne (Mar. 17/98).Antimony: Representative mid-market US$1,600 per tonne (Mar. 17/98).Bismuth: Representative mid-market US$3.85 per lb. (Mar. …
STOCK MARKETS — Majors suffer through another week of low metal prices — Caledonia leads the junior pack with Canadian and African projects
The Toronto Stock Exchange 300 composite index ended the report period of Mar. 11-17 at 7,440.37 points, up 144.37, or 2%. The index hit yet another record high of 7,468.76 points during the week.The …
Lucero drilling on Seal Lake
The drilling of potential kimberlite targets is under way on the 65,000-ha Seal Lake prospect in the Buffalo Hills area of Alberta.Lucero Resource (LCR-V) holds an option to earn a half-interest in th…
LME WAREHOUSE LEVELS (March 23, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Mar.17/98 (change from Mar. 10 in brackets):MetalStock(tonnes)Change…
Lower gold price shrinks Pegasus reserves
A recalculation of proven and probable reserves in light of lower gold prices dramatically reduced the ounces of the yellow metal attributed to Pegasus Gold (PGU-M).Excluding the contribution from the…
Freeport hunkers down to reduce costs at Grasberg
In light of lower metal prices, Freeport McMoRan Copper & Gold (FCX-N) intends to implement new operating plans at its Grasberg copper-gold mine in Irian Jaya, Indonesia.The company plans to focus its…
Companies (March 23, 1998)
Abcourt MinesAber ResourcesAgnico-Eagle MinesAlberta EnergyAmerican GemAnglo AmericanAnzex ResourcesAsarcoAshton Mining of Can.Asquith ResourcesAzco MiningBattle Mountain GoldBirim GoldfieldsCallinan …
STOCK MARKETS — Western markets experience unspectacular drop — Cross Lake results lead to drop in stock price
The Vancouver Stock Exchange composite index lost 8.21 points, or 1.3%, to close at 616.56 over the report period ended Mar. 17. The mining index lost 14.12 points, or 2.8% to close at 491.75.The comb…
Meetings (March 16, 1998)
Mar. 16, Anglo-AndeanMar. 16, Channel ResourcesMar. 16, Int’l VestorMar. 16, ToscanaMar. 17, Eldon ResourcesMar. 17, ESM ResourcesMar. 17, GreenshieldMar. 17, Manson CreekMar. 19, GWR ResourcesMar. 19…
Cyprus enters JV in Arizona
Cyprus Amax Minerals (CYM-N) has entered into a joint-venture agreement with Vancouver-based junior Jaba (JBA-A) on the Mammoth Wash copper project in southern Arizona.Mammoth Wash is situated south o…