News

London Metal ExchangeMidday bid-ask prices in $US per tonneDateDec. 27Dec. 24Dec. 23Dec. 20Alumin…

ExchgValue($000s)HighLowCloseChangeBre-X MnrlsT57…

The Vancouver Stock Exchange composite index was up slightly over a slow Christmas week to close at 1162.27, up 16.76 points from the previous week’s close of 1145.51. The resource index closed at 229…

Exploration activity has picked up steam in Sweden since Boliden announced the discovery of a gold deposit in the country early last year.The deposit, which is now reported to contain 8 tonnes of gold…

An employee of Cominco was among three Canadians held hostage, but subsequently released, by Peruvian rebels at the Japanese ambassador’s residence in Lima in late December.Kieran Metcalfe, 43, manger…

1996Dec 27Dec 26Dec 25Dec 24Dec 23HighLowComposit…

Gold Funds as of December 27, 1996BGRCentralNet Value$22.06$6.17Price$17.00…

Metal stocks (in tonnes) held in London Metal Exchange warehouses at Dec.23/96 (change from previous week in brackets):Aluminium945,800(+2,175)Copper121,400(+6,025)Lead118,625(-4,000)Nickel49,5…

World silver production will increase over the next four years in North and South America, as well as Australia. These increases will help bridge the gap between mine supply and silver demand, which h…

New drill results from Goldcorp’s (G-T) Red Lake operation have confirmed that a mineralized zone being explored at the mine’s deep levels extends eastward and down-plunge.Two drill holes testing a st…

Tenge Fungurume, a copper-cobalt project in Zaire, will undergo a $15-million feasibility study.The project is currently owned by Tenge Fungurume Mining, a Zairian company owned 45% by state-owned min…

Calgary-based Keylock Resources (KL-A) has signed a letter of intent to merge with Centramining, a Cyprus-based company with five exploration properties in Kazakstan.Under the terms of the deal, Keylo…