NEWS IN BRIEF (February 16, 1998)
International Blue Gold (IBU-V) has changed its name to Buddha Resources (BUA-V) on a 1-new-for-2-old-share basis.
News
DIAMOND PAGE — Verena to explore in Brazil
Toronto-based Verena Minerals (VMCO-C) has acquired exploration rights to a producing diamond property in Brazil’s Minas Gerais state.The property comprises 20,000 ha of alluvial terraces, with minera…
GEOLOGY 101 — Carlin-type gold deposits, Part 2
Sediment-hosted gold deposits supply a significant amount of the world’s gold. Although only the western United States produces gold from such deposits, these structures are also found in China and Pe…
EDITORIAL — Voisey’s Bay becoming a political football — Inco on the ropes
Big corporations, politicians and lawyers are rarely on the receiving end of public sympathy.Inco, one of the world’s largest nickel producers, is no doubt feeling somewhat battered in its fight to ad…
FACTS ‘N’ FIGURES — Russia and PGM prices
Russian exports of platinum group metals (PGMs) are large and exceed domestic output. This is because PGMs from state reserves are also exported to provide finance for the state budget.The value of ex…
GREATEST VALUE TRADED, Feb. 4-10
ExchgValue($000s)HighLowCloseChangeBarrick GoldT2…
MOST ACTIVE ISSUES, Feb. 4-10
ExchgVol(000s)CloseBarrick GoldT915128.35Kinross GldT…
TSE SHORT POSITIONS (February 16, 1998)
Short positions outstanding at January 30, 1998Larger individual positions include:Barrick Gold 15,656,134, up 4,624,658; Black Swan Gold 386,700, up 286,200; Caledonia Mining 91,500, up 89,000; Campb…
GOLD FUNDS (February 16, 1998)
Gold Funds as of February 5, 1998BGRCentralNet Value$15.67$7.07Price$11.85…
SPOT PRICES (February 16, 1998)
Wednesday, February 11, 1998Price (US)Week’s ChangeGold*$298.95+ $3.75Silver*$ 7.0…
Izok Lake deal terminated
Inmet Mining (IMN-T) has cancelled its agreement to sell the Izok Lake polymetallic property in the Bathurst Inlet region of the Northwest Territories to Kit Resources (KIT-T).The company’s decision s…
Warren Buffet takes stake in silver
The price of silver was given a boost last week when American investment guru Warren Buffet announced that his company, Berkshire Hathaway, had taken a large stake in bullion silver.The price of the m…