Toronto-based Redaurum (RRK-T) is leaving the diamond mining business.The company says it has decided to sell its interest in all three of its producing diamond mines because “the full value of curren…
Wednesday, December 17, 1997Price (US)Week’s ChangeGold*$286.10+ $1.05Silver*$ 6.0…
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Dec.16/97 (change from previous week in brackets):MetalStock (tonnes)Change…
Southwestern Gold (SWG-T) and partner Teck (TEK-T) are poised to begin the third phase of drilling at their Poracota gold property in southern Peru.The property is part of the Cotahuasi joint venture….
Aluminium: LME settlements US$1,502, alloy US$1,378 per tonne (Dec. 16/97).Antimony: Representative mid-market US$1,570 per tonne (Dec. 16/97).Bismuth: Representative mid-market US$3.35 per lb. (Dec. …
Gold Funds as of December 11, 1997BGRCentralNet Value$13.24$6.11Price$ 9.85…
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The discovery of the San Nicolas volcanogenic massive sulphide deposit in central Mexico is significant not only because of the magnitude of the drill intersections, but also because it indicates the …
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateDec.16Dec.15Dec.12Dec.11Dec.10…
1997Dec.16Dec.15Dec.12Dec.11Dec.10HighLowComposit…
The outlook for nickel over the next few quarters and beyond is not great.In today’s terms, you could even say it’s as good as gold.Credit Lyonnaise, a major metal trader, has forecast a 10,000-tonne …
The recent currency and economic crisis in Asia has had a significant impact on gold demand there.Demand for the yellow metal in the third quarter of 1997 barely reached 50 tonnes, less than half its …
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