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GOLD FUNDS (August 18, 1997)
Gold Funds as of August 7, 1997BGRCentralNet Value$18.45$5.45Price$14.20$…
STOCK MARKETS — Golds take the lead in recovery on Toronto markets — Gold and precious metals sub-index soars 440.31 points
For the first time in months, gold stocks led the Toronto Stock Exchange, as the modest rebound in the price of the yellow metal helped most gold stocks rise in the report period ended Aug. 12.The TSE…
Lyon Lake inks deal with Gerald
Montreal-based Lyon Lake Mines (lll-m) has entered into several agreements with the metals merchant Gerald Metals.The agreements include a US$1.2-million line of credit for Lyon Lake’s Costa Rican ope…
Nugget Pond startup strengthens Richmont
The start of production at the Nugget Pond mine, near Baie Verte, Nfld., enabled Richmont Mines (ric-t) to boost its operating cash flow tenfold in the second quarter, compared with 1996 levels. Also,…
Restructuring fills Minorca’s coffers
A stock restructuring program has given Minorca Resources (mar-t) an influx of $67 million for potential project development.Eleven million special warrants were issued on March 13, and holders of 10….
DIAMOND PAGE — Dia Met expands its efforts in western Greenland
Dia Met Minerals (dmm-t) has agreed to buy Australian-based Quadrant Resources’ 49% interest in a joint venture with Monopros.The announcement follows a due diligence review that detected kimberlite i…
LME WAREHOUSE LEVELS (August 18, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Aug.11/97 (change from previous week in brackets):MetalStocks(tonnes)Change…
Doyle drilling yields no kimberlite
Monopros, the Canadian exploration arm of De Beers Consolidated Mines (dbrs-q), completed 20 holes totalling 2,366 metres during a spring drilling program on the LA 1-25 claims of the Doyle Lake proje…
SPOT PRICES (August 18, 1997)
Wednesday, August 13, 1997Price (US)Week’s ChangeGold*$328.60+$9.75Silver*$ 4.46…
PRODUCER AND DEALER PRICES (August 18, 1997)
Aluminium: LME settlements US$1,721 per tonne, alloy $1,500 per tonne (Aug.12/97).Antimony: Composite free market, US$1,910 per tonne (Aug. 11/97).Bismuth: Composite free market US$3.65 per lb. (Aug. …
Royalty sisters report mixed quarter
Rescheduling of operations at Barrick Gold’s (abx-t) Goldstrike project in Nevada has boosted first-quarter earnings for Euro-Nevada Mining (an-t), while impeding those of sister company Franco-Nevada…