The Dow Jones industrial average posted a new high of 11,175.02 for the July 7-13 report period, with a modest climb of 39.9 points, or 0.4%.Gold companies edged downward as the price slumped to new l…
Nord Resources (NRD-N) is selling its half-interest in Sierra Rutile, the now-dormant heavy mineral sands operation in Sierra Leone.The asset will be acquired by MIL Investments, Nord’s largest shareh…
Metal stocks (in tonnes) held in London Metal Exchange warehouses at July 13/99 (change from July 6 in brackets):MetalTonnes(tonnes)Change…
The Ekati diamond mine in the Northwest Territories is operating at full capacity of 250,000 carats per month, with 308,000 carats having been produced in May alone.BHP Diamonds, a subsidiary of Broke…
Gold Funds as of June 30, 1999BGRCentralNet Value$13.205.49Price$9.00$5.2…
65.89 (+1.55)
94.45 (-1.43)
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In our July 5 report on Seahawk Minerals (SKM-V), the Piteiras property in Brazil was compared with the Muzo artisonal emerald mine in Colombia. Seahawk maintains tight security at Piteiras and has ne…
Junior Major General Resources (MGJ-V) continues to search for polymetallic mineralization at its Spider Lake project in northwestern Ontario.Efforts are focused on a high-chargeability and low-resisi…
Following a host of mine closings in the copper industry, Phelps Dodge (PD-N) has announced production cuts and restructured its wire and cable business.The Phoenix, Ariz.-based company plans to decre…
Drilling on the previously untested TG-3 geophysical gravity anomaly at the Tambo Grande project in northern Peru has intersected massive sulphides.Manhattan Minerals (MAN-T) reports that the first dr…
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