PRODUCER PRICES (March 03, 1997)
ALUMINIUM: LME settlements US$1,629 per tonne, alloy $1,540 per tonne (Feb. 25/97).ANTIMONY: Composite free market, US$2,340 per tonne (Feb. 25/97).BISMUTH: Composite free market US$3.00 per lb. (Feb….
News
METAL PRICES — FREE MARKET (March 03, 1997)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateFeb. 25Feb. 24Feb. 21Feb. 20Feb. 19…
Mid-North reports find at Lynn Lake
Partners Mid-North Resources (MNU-A) and Consolidated Callinan Flin Flon Mines (CFF-V) have intersected gold mineralization while testing a geophysical conductor on their Lynn Lake property in Manitob…
Etruscan boosts stake in Tiawa
A recent agreement has allowed Etruscan Enterprises (EET-V) to buy the remaining 44% of the shares of African GeoMin not already held by the company.African GeoMin holds the exploration permit for the…
THE DIAMOND PAGE — Dia Met forms Venezuelan partnership for alluvial property
Dia Met Minerals (DMM-T) is forming a joint venture in Venezuela to look for the hard rock source of diamonds on an alluvial property there.The Kelowna, B.C.-based company will join forces with the Ve…
STOCK MARKETS — Gold stocks gain ground in steady market
The Toronto Stock Exchange was fractionally higher over the trading period Feb. 19-25, as the gold stocks staged a strong recovery. The TSE 300 composite index closed at 6,247.78 on Feb. 25, up 9.56 p…
Sale of assets helped Westmin in ’96
A one-time gain of $62.7 million from the sale of coal assets enabled Westmin Resources (WMI-T) to post net income of $21.3 million for 1996 on revenue of $100.8 million.By comparison, the company ear…
Queenstake Res. arranges private placement
Queenstake Resources (QTR-T) will use the proceeds from a $16.4-million private placement to fund exploration and development of its properties in Chile, and elsewhere in Latin America.The financing c…
Link confirms silver-gold veins
Drilling on Link Minerals’ (LMVL-C) Hombre Libre concession in Honduras has confirmed the existence of vein-hosted silver-gold mineralization.The 18-hole program tested three separate target areas — …
STOCK MARKETS — Rise in gold price bolsters TSE
Spurred on by an almost continuous rise in gold prices, the Toronto Stock Exchange’s composite 300 index hit several new highs during the trading period Feb. 12-18, rising 1.8% from the previous week …
LME Warehouse Levels (February 24, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Feb. 17/97 (change from previous week in brackets):Aluminium910,625(-15,025)Copper220,625(+2,150)Lead110,100(-800)Nickel45,7…
Gold Funds (February 24, 1997)
Gold Funds as of February 13, 1997BGRCentralNet Value$21.72$5.97Price$17.25…