Spot prices at a glance (January 13, 1997)
Wednesday, January 8, 1997Price (US)Week’s ChangeGold*$355.80- $13.80Silver*$ 4.66…
News
Lower gold output hurts Eden Roc
With decreased gold production from its Ivory Coast operations, Toronto-based Eden Roc Mineral (EDN-T) suffered a loss of $3.7 million for the 9-month period ended Sept. 30, 1996. For the same period …
STOCK MARKETS — Gold nosedives yet TSE stays afloat
The Toronto Stock Exchange rose fractionally during the trading period Dec.30-Jan. 7, though gold issues dived as precious metal prices fell drastically. The TSE 300 composite index rose 44.26 points …
Wollastonite demand at record levels
The production of wollastonite has doubled over the past decade, and demand is likely to grow, according to a report released by a London-based firm of mineral market analysts.Roskill Information Serv…
Yamana Res. strikes gold at Argentine play
Drilling at the Martinetas property in southeastern Argentina has yielded significant epithermal gold mineralization for Yamana Resources (YRI-T).Two of six targets were tested, and assays for the fir…
EDITORIAL PAGE — A tale of two ecomonies
At this time of year, pundits traditionally peer into their crystal balls and predict what is in store for the economy over the upcoming 12-month period. In Canada, the consensus is that 1997 will be …
STOCK MARKETS — Resources lag as TSE shows recovery
Led by the real estate and communication subgroups, the Toronto Stock Exchange recovered strongly during the trading period Dec. 20-27. The TSE 300 composite index rose 192.41 points to close at 5,902…
1996: A LOOK BACK — More juniors join ranks of gold producers in 1996
Three junior mining companies opened gold mines in North America last year, and, while admittedly modest, the operations will set a substantial profit for their proprietors.In the Wawa area of norther…
Glimmer strikes deal
A private placement of just over a million shares will allow Glimmer Resources (GME-V) to meet cash calls for development work at the Glimmer project in Hislop Twp., east of Matheson, Ont.Glimmer and …
PRODUCER PRICES (January 06, 1997)
ALUMINIUM: LME settlements US$1,523.50 per tonne, alloy $1,377.50 per tonne (Dec. 24/96).ANTIMONY: Composite free market, US$2,075 per tonne (Dec. 27/96).BISMUTH: Composite free market US$3.20 per lb….
Canatuan to have more productive life
An engineering and optimization study on the Canatuan massive sulphide deposit on the Philippine island of Mindanao has increased reserves and production rates for TVI Pacific (TVI-T).The study increa…
ODDS`N’SODS — Vicissitudes of the airborne geologist
I had just been delivered back to an exploration base camp after a near disaster on the Ontario-Manitoba border. When the Bell J2 helicopter came home after being repaired, it immediately left to prov…