TSE SHORT POSITIONS (July 28, 1997)
Short positions outstanding at July 15, 1997Larger individual positions included: Barrick Gold 10,938,501, up 810,045; Bema Gold 4,426,645, down 369,241; Campbell Resources 3,470,249, up 883,549; Echo…
Articles by Northern Miner Staff
LME WAREHOUSE LEVELS (July 28, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at July 21/97 (change from previous week in brackets):Aluminium646925(-13125)Copper195950(+52650)Lead118000(+700)Nickel54078(+…
GOLD FUNDS (July 28, 1997)
Gold Funds as of July 17, 1997BGRCentralNet Value$18.06$5.36Price$13.70$5…
SPOT PRICES (July 28, 1997)
Wednesday, July 23, 1997Price (US)Week’s ChangeGold*$324.35+ $4.85Silver*$ 4.30…
Breakwater Resources acquires two zinc mines
Breakwater Resources (BWR-T) is adding to its portfolio two zinc operations — one in Tunisia and the other in Chile.For a purchase price of US$19.3 million, the company will acquire Societe Miniere d…
STOCK MARKETS — Golds rebound as TSE continues at record clip — Spot gold price returns to low US$320s; TSE 300 hits 6755
The feverish activity of North America’s markets continued unabated during the report period ended July 22, with the week being punctuated by U.S.Federal Reserve Chairman Alan Greenspan ruling out any…
MSV options Noranda’s Tortigny
The exploration subsidiary of Noranda (NOR-T) is optioning to MSV Resources (MSV-T) up to 100% of its Tortigny copper-zinc property near Chibougamau, Que.MSV may earn a half interest by spending $500,…
METAL PRICES — Daily Metal Prices (July 28, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateJuly 22July 21July 18July 17J…
Viceroy explores Brewery Creek targets
With the Brewery Creek gold mine up and running (T.N.M., June 23/96), operator Viceroy Resource (VOY-T) is turning its attention toward exploring several targets elsewhere on the Yukon property.A US$1…
Correction (July 28, 1997)
Projected production at the Illinois Creek mine in west-Central Alaska was incorrectly stated in our issue of July 14. The mine is expected to yield 65,000 oz. gold-equivalent annually.For the current…
Second group bids for IG mine contract
Vancouver-based Indochina Goldfields (ING-T) has received a second offer for the financing and construction of its Monywa copper project in Myanmar.The proposal combines financing from Daewoo Corp., a…
Meridian makes headway at El Penon
Results from an ongoing prefeasibility study at the Chilean gold property known as El Penon will be used by Meridian Gold (MNG-T) to make a production decision by year-end.The Nevada-based company is …