METAL PRICES — Daily Metal Prices (November 03, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateOct. 28Oct. 27Oct. 24Oct. 23O…
News
STOCK MARKETS — TSE shows signs of recovery following bout of Asian flu — Mining sector takes double hit as gold, base metal prices dive
The Toronto Stock Exchange took the same punishment as most of the world’s stock exchanges over the period Oct. 22-27, but rebounded strongly on Oct. 28 to claw back some of the losses. The TSE 300 co…
Boliden featured at CIM meeting
Bengt Lofkvist, vice-president of exploration and business development for Boliden, will be the guest speaker at the Nov. 20 luncheon hosted by the Toronto branch of the Canadian Institute of Mining, …
Aussie nickel deposit now under development
The Murrin Murrin nickel and cobalt deposit in Western Australia is under development and scheduled to be commissioned in the fourth quarter of 1998.Development will be carried out in two stages. At t…
GOLD FUNDS (November 03, 1997)
Gold Funds as of October 23, 1997BGRCentralNet Value$17.99$5.88Price$14.50…
Oliver leaves Mali for Zimbabwe
Junior gold explorer Oliver Gold (OGO-V) has sold its mineral rights in Mali, including its half interest in the Segala deposit, and is taking its business to Zimbabwe.Oliver sold its rights to proper…
Teck backs Gabriel in Romania
Gabriel Resources (GBU-V) and Teck have signed an agreement that will enable Gabriel to explore and develop projects in Romania.The Vancouver-based major has agreed to invest $1.2 million and provide …
Index (November 03, 1997)
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Rex cuts costs in South Africa
Rex Diamond Mining (RXD-T) has taken steps to rationalize its South African assets.The company will acquire all the diamond mining properties, including the Ardo and Rex mines, of subsidiary Carrig Di…
Study shows potential at Armada’s Baley
An independent feasibility study shows that Armada Gold (AAU-T) is on the road to profitability at its Baley project in southeastern Russia.Armada, through its Russian subsidiary, has an 85% interest …
LME WHSE LEVELS (November 03, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Oct. 27/97 (change from previous week in brackets):MetalStock(tonnes)Change…
Sampling serves Indomin
Geochemical sampling on two Indonesian properties held by Indomin Resources (IRL-V) has revealed potential areas of gold-bearing mineralization.At the Busang North project in Kalimantan, six of 13 loo…