SPOT PRICES (December 22, 1997)
Wednesday, December 17, 1997Price (US)Week’s ChangeGold*$286.10+ $1.05Silver*$ 6.0…
News
LME WAREHOUSE LEVELS (December 22, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Dec.16/97 (change from previous week in brackets):MetalStock (tonnes)Change…
Drilling to resume at Poracota
Southwestern Gold (SWG-T) and partner Teck (TEK-T) are poised to begin the third phase of drilling at their Poracota gold property in southern Peru.The property is part of the Cotahuasi joint venture….
Voisey’s Bay EIS submitted to government
Inco (N-T) subsidiary Voisey’s Bay Nickel has submitted its environmental impact statement (EIS) for the Voisey’s Bay mine in Labrador.The company expects the environmental review and approval process…
Viceroy options property
in Yukon mining districtViceroy Resource (VOY-T) has inked a deal with Eagle Plains Resources (epl-a) and Miner River Resources (MRG-G) whereby it can earn a 70% interest in the 29-claim McQuesten pro…
PRODUCER AND DEALER PRICES (December 22, 1997)
Aluminium: LME settlements US$1,502, alloy US$1,378 per tonne (Dec. 16/97).Antimony: Representative mid-market US$1,570 per tonne (Dec. 16/97).Bismuth: Representative mid-market US$3.35 per lb. (Dec. …
GOLD FUNDS (December 22, 1997)
Gold Funds as of December 11, 1997BGRCentralNet Value$13.24$6.11Price$ 9.85…
Index (December 22, 1997)
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Impressive intersections mark Mexican find by Teck, WCH
The discovery of the San Nicolas volcanogenic massive sulphide deposit in central Mexico is significant not only because of the magnitude of the drill intersections, but also because it indicates the …
Indo outlines base metal lens
Indo Metals (IOM-V) has outlined a lens of high-gradecopper-lead-zinc-silver mineralization on its Wai Ira prospect on Haruku Island, Indonesia.Indo Metals can acquire 49% of Ingold Holding’s 80-to-85…
Ashanti drilling in Niger
Ashanti Goldfields (ASL-N) has begun drilling on the Nassile gold concession in Niger.The 9,000-metre program is designed to test the Tampena geochemical anomaly, situated in the southwestern portion …
METAL PRICES — Daily Metal Prices (December 22, 1997)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateDec.16Dec.15Dec.12Dec.11Dec.10…