METAL PRICES (June 28, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateJune 22June 21June 18June 17…
News
Westward, MacMillan test target in Peru
A drill program funded by Westward Explorations (WWE-V) will test MacMillan Gold’s (MMG-T) Armonia gold property in central Peru.Westward can earn a 50% interest in the project from MacMillan. This ye…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Low gold pulls down producers
The Dow Jones industrial average climbed 126.64 points (1.2%) to reach 10,721.63 over the report period ended June 22. But the continued strength of the American economy did nothing to stop gold’s sli…
SouthernEra tests Camafuca pipe in Angola
Results from a 1998 drill campaign at the Camafuca diamond property in Angola’s Lunda Norte province suggest that the kimberlite may be richer than previously thought.SouthernEra Resources (SUF-T), wh…
BASE METALS — Rio Tinto eyes zinc project
A zinc-lead-silver project with similarities to the Polaris mine in Canada’s High Arctic has caught the eye of Rio Tinto Mining (RTP-N).The London-based major plans to spend US$500,000 on a summer pro…
Companies (June 28, 1999)
Aber ResourcesAurizon MinesBarrick GoldCambiorCamphor VenturesCanaco ResourcesClaude ResourcesCogema ResourcesComincoCSA ManagementDayton MiningDe Beers Consolidated MinesDenison MinesDia…
Meetings (June 28, 1999)
June 28, African Selection June 28, Akrokeri-Ashanti June 28, Almaden June 28, Bandolac June 28, Barramundi June 28, Big Horn June 28, Birim June 28, Broadlands June 28, Buffalo Diamonds June 28, Copp…
BASE METALS — Chesbar eyes nickel project in Guatemala
Joint-venture partners Intrepid Minerals (IAU-T) and Chesbar Resources (CBI-M) are investigating a laterite-type nickel deposit in eastern Guatemala.The companies took notice of the nickel project whi…
GSC efforts benefit diamond exploration
The Geological Survey of Canada has taken a keen interest in diamond exploration in recent years, triggered by the crop of new mines developed or under development in Canada’s Northwest Territories an…
GREATEST VALUE TRADED June 16-22
ExchgVal($000s)HighLowCloseChangeAlcoa*N511898…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Listless gold eclipsed by rebounding base metals
Gold prices continued to languish below the US$260 mark during the June 16-22 report period, slipping 20 cents over the week to US$258.70 per oz. on the London morning fix of June 23.Gold’s woes dragg…
GOLD FUNDS (June 21, 1999)
Gold Funds as of June 10, 1999BGRCentralNet Value$12.865.32Price$8.75$5.3…