The good news: the Toronto Stock Exchange 300 index climbed 299.37 points during the report period Oct. 28-Nov. 3, to end the week at 6,296.51. The bad news: gold was devalued once again, dropping US$…
The Vancouver Stock Exchange composite index, for the first time in weeks, has climbed above the 400-level. During the report period ended Nov. 3, the composite closed at 401.7, up 12.33 points, while…
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateNov. 3Nov. 2Oct. 30Oct. 29…
Metallurgical tests on an oxide sample from the the True North deposit in central Alaska have returned favorable results for La Teko Resources (LAO-T).The 50-ton sample consisted of material from both…
Ormonde Mining (OMP-V) has agreed to earn a half-interest in the Mgusu gold property in the Victoria Goldfields district of Tanzania.The property consists of two prospecting licences and three claim b…
Low gold prices have forced Newmont Mining (NEM-N) to lay off more workers at its Nevada operations.The company cut 150 jobs at its Carlin Trend and Lone Tree-Twin Creeks operations, representing 5% o…
Results from the first three holes of a 12-hole drill program operated by Anzex Resources (AZX-V) confirm that the Longwoods complex in New Zealand is a platinum-palladium-bearing layered mafic intrus…
The Snowy Owl kimberlite at the Victoria Island project in the Northwest Territories has yielded 75 diamonds from an 80-kg sample.The preliminary diamond count was reported verbally to partners Major …
Vancouver-based partners Primo Resources (PRI-V) and Golden Peaks Resources (GL-V) have begun diamond drilling at their Los Dos Buhos and Sierra de Las Minas gold properties in southwestern Argentina….
Wednesday November 4, 1998Price (US)Week’s ChangeGold*$290.10-$3.65Silver*$ 5.04…
An initial phase of drilling on the El Corazon gold project in northern Ecuador has yielded mixed results for Balaclava Mines (BIL-V).In total, 1,126 metres in 14 diamond drill holes were completed. T…
Drilling on the Amable target in San Juan province has yielded more encouraging results for Argentina Gold (ARP-V).The target is part of the Veladero project, in which Argentina Gold holds a 60% inter…
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