PEOPLE – GFM
Michael Watzky appointed director.
News
PEOPLE — FORT POINT
William MacPherson appointed director.
PEOPLE – CONQUISTADOR
Raul Madrid appointed chairman and CEO.
LME WAREHOUSE LEVELS (January 12, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan.6/98 (change from Dec. 24/97 in brackets):MetalStock(tonnes)Change…
DIAMOND PAGE — Lexam arranges financing for Greenland diamond exploration
Lexam Explorations (LEX-M) has reached an agreement with brokerage firm Canaccord Capital to raise $2.5 million through a special warrant financing.The financing will consist of 2.5 million special wa…
STOCK MARKETS – TSE — Gold slides back to low US$280s as majors take a beating — Base-metal markets remain weak while Asian economies flounder
During the report period of Dec. 24 to Jan. 6, the Toronto Stock Exchange’s TSE 300 composite index rose to 6656.26, a gain of 116.76 points, or 1.8%.Like most western currencies, the Canadian dollar …
INSIDER TRADING — U.S. insiders bullish on their stocks
Trading reports from the United States show insiders bought more than they sold during these past few months of depressed metals prices.The trend shows the insiders are picking up shares while the pri…
TORONTO STOCK EXCHANGE INDICES (January 12, 1998)
1998Jan. 6Jan. 5Jan. 2Dec. 31Dec. 30HighLowCompos…
METAL PRICES (January 12, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateJan. 6Jan. 5Jan. 2Dec. 31Dec. 3…
Index (January 12, 1998)
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STOCK MARKETS – VSE — Western markets gain year-end ground but fall short of 1996 figures — Not a bad week for juniors exploring in Canada’s backyard
The Vancouver Stock Exchange composite index gained 7.05 points, or 1.15%, to close at 617.36 over the report period ended Jan. 6. The mining index slipped 0.67 points, or 0.13%, to finish at 510.50.Y…
PRODUCER AND DEALER PRICES (January 12, 1998)
Aluminium: LME settlements US$1,459.50, alloy US$1,331 per tonne (Jan.6/98).Antimony: Representative mid-market US$1,560 per tonne (Jan. 6/98).Bismuth: Representative mid-market US$3.25 per lb. (Jan. …