PRODUCER & DEALER PRIVCES
Aluminium: LME settlements US$1,225.50, alloy US$1,021 per tonne (Jan. 26/99).Antimony: Representative mid-market US$1,260 per tonne (Jan. 26/99).Bismuth: Representative mid-market US$3.05 per lb. (Ja…
News
EDITORIAL & OPINION – COMMENTARY — Zinc price tied to Asian recovery
The West has yet to feel the impact of the Asian economic crisis upon zinc demand. However, falls in capacity utilization rates and increasing stock levels (normal signals of a contraction in industry…
Meeting targets mine suppliers
Marketing to the mining industry will be the subject of a conference to be held Feb. 2 at the Sheraton Parkway Hotel in Richmond Hill, near Toronto.Sponsored by the Canadian Association of Mining Equi…
EDITORIAL & OPINION — Sudbury a city of contradictions — Brains, not brawn
Back in 1912, the gloomiest community in Ontario, if not Canada, was said to be Copper Cliff. One young man who toiled in the sulphur-seared town that year, later described his experience as “a sort o…
TSE INDICES (February 01, 1999)
1999Jan. 26Jan. 25Jan. 22Jan. 21Jan. 20HighLowComposite “300”6663.456618.486593.916635.766712.347835.755325.79Metals & Minerals3090.503104.793090.653194.913187.514423.922412.49Int…
GREATEST VALUE TRADED (February 01, 1999)
ExchgVal($000s)HighLowCloseChangeBarrick GoldT426…
METAL PRICES (February 01, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateJan. 26Jan. 25Jan. 22Jan. 21…
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — Franco-Nevada, Nuinsco brighten gloomy Toronto market
The Toronto Stock Exchange 300 index lost 95.45 points in the report period Jan. 20-26, to end the week at 6,663.45.The gold and precious metals sub-index offered little help to the broad market, plum…
CORRECTION (February 01, 1999)
The reserve figure quoted for the Glimmer mine in our Jan. 18 issue was incorrect. The mine, situated in northeastern Ontario, has reserves of 1.3 million tonnes grading 10.3 grams gold per tonne, plu…
Rayrock back with Glamis
Rayrock Resources (RAY-T) has accepted a merger bid by Glamis Gold (GLG-T) and left Viceroy Resource (VOY-T) in possession of a $2-million break-up fee.Under the new agreement, which has yet…
SPOT PRICES (February 01, 1999)
Wednesday January 27, 1999Price (US)Week’s ChangeGold*$285.900.00Silver*$ 5.08…
AFRICA — Etruscan raises Samira funds
A US$3.5-million loan from a South African bank will enable Etruscan Resources (EET-T) to complete a feasibility study at its Samira gold project in Niger.The study, which was begun in September 1998,…