Producer and Dealer Prices (June 02, 1997)
Aluminium: LME settlements US$1,634.5 per tonne, alloy $1,476 per tonne (May 27/97).Antimony: Composite free market, US$2,220 per tonne (May 20/97).Bismuth: Composite free market US$3.30 per lb. (May …
News
SPOT PRICES (June 02, 1997)
Wednesday, May 28, 1997Price (US)Week’s ChangeGold*$344.70+ $2.45Silver*$ 4.76…
Teck accelerates exploration in northeastern Mexico
Here in the southeastern state of Oaxaca, Teck (TEK-T) is carrying out early-stage exploration on the Lachatao gold property, with trenching and drilling endeavoring to outline what the company hopes …
NEVADA — Alta prepares to mine Olinghouse and Griffon — Green Hill-Payback pit readied for startup
Henderson-based Alta Gold (ALTA-Q) has increased its land position around its Olinghouse property in northwestern Nevada by more than half.The company staked another 140 mining claims in an area north…
NEVADA — Newmont, Barrick rise to the top
Several North American companies with operations in Nevada are moving ahead of their South African competitors within the top tier of the world’s gold producers.While Anglo American of South Africa is…
Pangea, Sundust hit gold zone in Peru
Recent drilling on the Victoria project in Peru has outlined a new zone of significant gold mineralization.The project is a joint venture between Pangea Goldfields (PDG-T) and Sundust Resources (SUN-M…
Metal Prices — Daily Metal Prices (June 02, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateMay 27May 26May 23May 22May 2…
Nebex options Italian properties
A recent letter agreement sets the stage for Nebex Resources (NBX-T) to earn a 70% interest in three gold properties in southern Italy.To earn the interest from the vendors, Nebex must spend $1 millio…
ODDS ‘N’ SODS — Return of the ’60 Pontiac
In 1958, my dad was working at the Quirke uranium mine of Rio Algom in Elliot Lake, Ont., as a raise miner and, later, a shift boss.For a number of years, he made the journey every second week from Ki…
NEVADA — Barrick explores Bullfrog gold mine
A $600,000 exploration program by Barrick Gold (ABX-T) will focus on discovering and developing gold deposits near the company’s Bullfrog gold mine, 3 miles southwest of Beatty and 125 miles northwest…
NEVADA — Nu-Apex set to begin exploration program
Vancouver-based Nu-Apex Energy (NPX-V) will soon begin an exploration program on three properties it holds in south-Central and northeastern Nevada.The program, which is expected to start within six w…
STOCK MARKETS — Golds and base metals help boost TSE above 6,400 — Base metal producers rise despite nickel’s fall
A single day of heavy trading, combined with solid performances by the base metal, gold and precious metal sub-indices, was sufficient to push the Toronto Stock Exchange index to 6,442.54 on May 27 –…