LME Warehouse Levels (January 13, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan.6/97 (change from previous week in brackets):Aluminium957,375(+6,100)Copper134,700(+9,350)Lead118,400(-200)Nickel49,116…
News
Formation buoyed by Black Pine results
Limited follow-up drilling at the Black Pine cobalt-copper-gold project in Idaho has returned encouraging results for Formation Capital (FCO-T).To test previously discovered exhalative, stratabound mi…
Sonoma drill-tests Argentine copper-gold project
A 10-hole program of diamond drilling is enabling Sonoma Resource (SNA-V) to test the Cerro Toro project in Argentina.Believing a copper-gold porphyry system exists at depth, the junior is focusing it…
THE DIAMOND PAGE — Caldera targets Edward Creek
An aeromagnetic and radiometric survey by Caldera Resources (CDR-M) has outlined 22 possible kimberlite structures at the Edward Creek property in the Lake Eyre region of South Australia.Caldera, whic…
Toronto Stock Exchange Indices (January 13, 1997)
1996Jan 7Jan 6Jan 3Jan 2Dec 31Dec 30HighLow…
Chase Resource and Delta Gold propose consolidation
Sister companies Chase Resource (CQS-T) and Delta Gold Mining (DTG-V) have agreed to amalgamate into a new entity, which will retain the former’s name.The move will consolidate the partners’ interests…
LETTER TO THE EDITOR — Researcher seeks answers regarding gold-supported buck
The research for my proposal “A Gold-Backed North American Dollar’ has now reached the point where outside help is required.With this proposal, I am working to improve the idea that the government can…
INVESTMENT COMMENTARY — Star performer Aurizon expected to reach new production levels in ’97
A reserve of working capital, combined with a solid past performance, suggests that Aurizon Mines (ARZ-T) can look forward to a good year, according to analyst Donald Poirier of McDermid St. Lawrence …
GREATEST VALUE TRADED, Dec. 28-Jan.7
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PRODUCER PRICES (January 13, 1997)
ALUMINIUM: LME settlements US$1,524 per tonne, alloy $1,420 per tonne (Jan. 7/97).ANTIMONY: Composite free market, US$2,065 per tonne (Jan. 7/97).BISMUTH: Composite free market US$3.25 per lb. (Jan. 7…
MOST ACTIVE ISSUES, 1996
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Echo Bay snaps up Kilgore remains
Echo Bay Mines (ECO-T) will acquire from Placer Dome (PDG-T) the remaining interest in the Kilgore gold project that it does not already own. Situated in southern Idaho, the project is already owned 5…