LME WAREHOUSE LEVELS (May 05, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at April 28/97 (change from previous week in brackets):Aluminium802,100(-16,200)Copper141,075(-9,050)Lead114,500(+1,650)Nickel5…
News
Rosebud blossoms ahead of schedule
Commercial production at the Rosebud gold-silver mine in northwestern Nevada has begun, two months ahead of schedule and US$3 million under budget.Joint owners Hecla Mining (HL-N) and Santa Fe Pacific…
Toronto Stock Exchange Indices (May 05, 1997)
1997Apr 29Apr 28Apr 25Apr 24Apr 23HighLowComposit…
METAL PRICES — DAILY METAL PRICES (May 05, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateApr. 29Apr. 28Apr. 25Apr. 24A…
Battle Mountain hits gold on Birim’s Dunkwa property
Battle Mountain Canada (BMC-T) has recovered encouraging gold intersections from the Opon prospect, part of the 230-sq.-km Dunkwa property of Birim Goldfields (BGI-T) in the Ashanti gold belt of Ghana…
Moneta, Barrick hit more gold
Drilling on the Michaud gold property, east of Timmins, Ont., continues to return positive results for partners Moneta Porcupine Mines (me-t) and Barrick Gold (abx-t).Recently, in the central block of…
STOCK MARKET — Toronto composite index recovers strength as index rises — Base metals fare well; signs of life on the Bre-X Minerals front
Rebounding from a 2-week slump, the Toronto Stock Exchange 300 composite index gained a healthy 111.82 points (or 1.9%) over the report period ended April 22 to close at 5,855.37. Due in part to the w…
Addwest shelves plans to raise capital on Canadian market
In light of recent fluctuations in the Canadian financial market, Addwest Minerals (ala-v) has decided to postpone a fund-raising and stock rollback on the Vancouver Stock Exchange.The Denver-based co…
Royal Oak explores in Fiji
Washington state-based Royal Oak Mines (ryo-t) is headed to Fiji to explore for copper and gold.The mid-tier gold producer struck a deal with Placer Pacific Namosi to acquire the Namosi project, which…
Drilling expands Bulyanhulu resource
Deep drilling at the Bulyanhulu gold project in northwestern Tanzania has intersected gold mineralization some 300 metres beyond the previously defined depth to nearly 1,100 metres below surface.Sutto…
EDITORIAL & OPINION — Busang’s casting call — Coming attraction
It is part of the human condition to seek comic relief when matters become too serious, which might explain the outbreak of black humor on Bay Street as investors in Bre-X Minerals await the results o…
METAL PRICES — Daily Metal Prices GOLD PRICES (London fix and Toronto bank bid/ask, US$ per oz.)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateApr. 22Apr. 21Apr. 18Apr. 17A…