METAL PRICES — Daily Metal Prices (July 14, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateJuly 8July 7July 4July 3July…
News
DIAMOND NEWS ROUNDUP — Diavik JV releases results
Joint-Venture partners Diavik Diamond Mines and Aber Resources (ABZ-T) have released preliminary results from a program that involved the drilling of 11 large-diameter holes at their Diavik diamond pr…
EDITORIAL AND OPINION — Blame peace, balanced budgets and technology — Gold takes major tumble
If the predictions made by the doom-and-gloomers of the 1970s had come true, the world would have run out of natural resources by now, gold prices would be well over $1,000 per oz. and the Aden sister…
Anvil Range to fund stripping
Anvil Range Mining (ARO-T) has entered into an agreement that paves the way for a stripping program at its Grum deposit in the Yukon.The company has reached an agreement-in-principle for a $15-Million…
MOST ACTIVE ISSUES (July 14, 1997)
ExchgVol(000s)ClosePlacer DomeT1301920.10Barrick GoldT…
Iscor looks to S.E. Asia
A unit of Iscor, a major South African steel and mining company, plans to acquire 2.4 million shares of Omax Resources (OXR-V).The purchase is part of Iscor’s strategy to grow by taking on internation…
Gold Reserve steams ahead in Venezuela
Spokane-based Gold Reserve (GLR-T) is determined to overcome all obstacles in its effort to produce gold from the Las Brisas del Cuyuni concession in the Kilometre 88 district of eastern Venezuela.Whi…
Western Pinnacle takes stock in Russian potential — Advances Kyuchus gold project to feasibility stage
Unlike other Western mining companies active in Russia these days, Western Pinnacle Mining (WPN-V) is the only one with its head office and executives based in this city, a situation it sees as a dist…
TSE INDICES (July 14, 1997)
1997July 8July 7July 4July 3July 2HighLowComposit…
TSE SHORTS (July 14, 1997)
Short positions outstanding at June 30, 1997Larger individual positions included: Abacan Resources 139,603, down 128,097; Antares Mining & Expl 158,400; Ariel Resources 67,170, up 67, 170; Asia Pacifi…
Magadan region to consolidate mines — Government assumes more active role in making deals
The government of northeastern Russia’s Magadan region is attempting to consolidate some of its gold mining industryThe government has reached a deal with Severovostokzoloto, the firm once responsible…
DIAMOND NEWS ROUNDUP — Caldera discovers macro in Australia
A macrodiamond has been recovered from a drill program at the Abminga kimberlite field in South Australia.Operator Caldera Resources (CDR-M) says the discovery was made in a small drill-Core sample th…