SPOT PRICES (November 17, 1997)
Wednesday, November 12, 1997PriceWeek’s ChangeGold$310.00- $4.50Silver*$ 4.95…
News
STOCK MARKETS — TSE slides back as global worries continue — Mining stocks outpace broad market in race for the bottom
The Toronto Stock Exchange chalked up five losing sessions in a row between Nov. 5 and Nov. 11, finishing a dismal stretch at 6,786.52 points, about 2% lower for the trading period. Volumes were moder…
GREATES VALUE TRADED, Nov. 5-11
ExchgValue($000s)HighLowCloseChangeBarrick GoldT9…
LETTER TO THE EDITOR — History teaches us nothing
I am sure everyone has heard enough of Bre-X Minerals and Busang by now. As an investor who saw his small portfolio dwindle, even though I had no Indonesian investments, I know that I have.There is an…
STOCK MARKETS — Composite, mining indices slip-slide in western markets — Bright spots include Timmins explorers Cross Lake, East West
The Vancouver Stock Exchange composite index fell 18.32 points, or 2.4%, to close at 751.4 cents during the report period ended Nov. 11. The mining index slid 22.41 points, or 3.4%, to close at 643.32…
PRODUCER AND DEALER PRICES (November 17, 1997)
Aluminium: LME settlements US$1,614, alloy US$1,485 per tonne (Nov. 11/97).Antimony: Recent physical trades US$1,830-1,850 per tonne (Nov. 11/97).Bismuth: Composite free market US$3.40 per lb. (Nov. 1…
Emerging Africa finds Ethiopian gold
A first phase of exploration on the Agusha-Gumu gold property in western Ethiopia has returned encouraging results for owner Emerging Africa Gold (EAGI-C).The program consisted of geological mapping, …
Banro extends depth of Twangiza
Banro Resource (BNRS-C) has cut a 313-metre intersection of gold mineralization at its Twangiza project in the Democratic Republic of Congo.Highlights from the first hole reported include the followin…
METAL PRICES — Daily Metal Prices (November 17, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateNov. 11Nov. 10Nov. 7Nov. 6Nov…
Ursa turns drills at Nirinsk
Preliminary drilling and trenching by Ursa Major International (urs-t) are assessing two soil anomalies on the Nirinsk property in central Kazakstan.The anomalies are seen as potential open-pit gold d…
INVESTMENT COMMENTARY — Lluvia de Oro adds upside to Santa Cruz
Mining analysts love turnaround stories, as do many investors who hope to catch companies on the rebound from the rocky transition from exploration to production. One recent example is Santa Cruz Gold…
Diverse portfolio keeps Placer busy — Major is on track to produce 2.4 million oz. in ’97
Despite significantly lower gold prices, Placer Dome (PDG-T) continued to achieve positive results during the third quarter.The major earned US$11 million (or 3 cents per share) on sales revenue of US…