MOST ACTIVE ISSUES, Jan. 7-13
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News
Echo Bay, Quest hit gold at Honduran property
Echo Bay Mines (ECO-T) has uncovered significant zones of gold mineralization during a 23-hole drill program at the Zopilote property in Honduras.Echo Bay is earning a 60% interest in the property fro…
Guyana hits more gold at Peters mine
Two recent holes drilled by Guyana Goldfields (GGFI-C) have intersected gold at the Peters mine property, a former producer situated in Guyana.From surface, hole 18 returned 122 metres grading 1.41 gr…
PEOPLE — WESTERN COPPER (January 19, 1998)
Thomas C. Patton appointed president and COO. Dale Corman appointed chairman and CEO.
Mazarin shifts focus back to industrial minerals
The weak Asian economy and low gold prices have led management of Mazarin (MAZ-T) to withdraw from gold exploration in order to refocus on the company’s industrial mineral operations in Quebec.Two yea…
World Wide forms gold subsidiary
World Wide Minerals (WWS-T) has transferred all of its gold assets to a newly created subsidiary, Libra Gold.The shares of Libra Gold will be distributed to World Wide shareholders on a pro rata basis…
STOCK MARKETS — Golds suffer least in sliding market — Asian demand concerns sink base metal issues
The Toronto Stock Exchange composite index fell back 326.67 points during the period Jan. 7-13, closing at 6,329.59. The decline, which included a whopping 220-point drop on Jan. 9, was blamed on furt…
TSE SHORT POSITIONS (January 19, 1998)
Short positions outstanding at December 31, 1997Larger individual positions include:Abitibi-Cons 135,553, down 606,285; Aurado Exploration 204,500, up 190,000; Barrick Gold 10,455,660, down 834,852; B…
GEOLOGY 101 — Paleoplacer gold deposits, Pt. 2
.BDerek WiltonPaleoplacer gold and uranium deposits are generally mined as underground operations, as the hard-rock host material is usually deep beneath the earth’s surface.The gold mines in South Af…
LME WAREHOUSE LEVELS (January 19, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan.13/98 (change from Jan. 6 in brackets):MetalStocks(tonnes)Change…
GOLD FUNDS (January 19, 1998)
Gold Funds as of January 8, 1998BGRCentralNet Value$14.47$6.10Price$10.50…
COMMENTARY — Frustrating year for BC miners
.BGary LivingstoneFrom a mining perspective, the year past in British Columbia can be best described as “disappointing.” Although 1997 began with strong metals prices and the opening of two new mines,…