LME WAREHOUSE LEVELS (August 23, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Aug.17/99 (change from Aug. 10 in brackets):MetalStocks (tonnes)Change…
News
Toronto Stock Exchange Indices (August 23, 1999)
Date-1999Aug. 17Aug. 16Aug. 13Aug. 12Aug. 11HighLow…
EXCHANGE RATES (August 23, 1999)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug. 17Aug. 16Aug. 13Aug. 12Aug. 11…
SPOT PRICES (August 23, 1999)
Wednesday August 18, 1999Precious MetalsPrice (US$/oz.)ChangeGold$261.50+ $4.60Silver…
INSIDER TRADING — Northfield execs’ options expire
According to insider trading reports published by the Ontario Securities Commission, two executives of Northfield Minerals (NFM-T) allowed several of their options in that company to expire in June.Jo…
Antares gains diamond properties
Antares Mining & Exploration (ANZ-T) has signed an agreement with South African-based Randgold covering the latter’s 50% interest in the Witkrans diamond property and its 100% interest in the Kaffersk…
LETTER TO THE EDITOR — Western policies failing Russia
Your editorial on the heist of Russian assets that has followed privatization is right on the money (T.N.M., Aug. 9-15/99). If Russia’s current circumstances do not amount to the abject failure of Wes…
MINING MARKETS & INVESTMENT NEWS — Western Markets — Winspear among beneficiaries of stronger market
The Vancouver Stock Exchange composite index tacked on 6.3 points, or 1.58%, to finish the week ended Aug. 17 at 407.22. The mining index added 4.43 points, or 1.6%, and ended the week at 273.41.Meanw…
GREATEST VALUE TRADED (August 23, 1999)
August 11-17, 1999CompanyExchgValue($000s)HighLowCloseChangeReyn…
Low gold prices take toll on Glamis
Low gold prices caused Glamis Gold (GLG-N) to rack up a US$2.7-million loss in the recent second quarter (or 3 cents per share), compared with a loss of US$131,000 (nil per share) in the corresponding…
INVESTMENT COMMENTARY — Tan Range gets nod for African exposure
Since Barrick Gold (ABX-T) acquired the Bulyanhulu gold deposit in Tanzania last year, mining analysts have been keeping a close eye on juniors holding ground in the surrounding region.Among the junio…
Eagle Plains dips into Dragon Lake
Junior Eagle Plains Resources (EPL-A) has begun 300 metres of diamond drilling at its Dragon Lake property in south-central Yukon, 85 km northeast of Ross River.The property, which has already been su…