SPOT PRICES (July 27, 1998)
Wednesday July 15, 1998Price (US)Week’s ChangeGold*$294.40+ $1.60Silver*$ 5.65…
News
U.S. MARKETS — Dow drops from near high
The Dow Jones Industrial average plunged more than 100 points on July 21, the final day of our report period, after nearly touching the 9,400 mark.Overall, the Dow was off 55.35 points at 9,190.19.On …
MINING MARKETS AND INVESTMENT NEWS — Query — Little or no hope for Galactic
I’m a shareholder of Galactic Resources, which in 1990 was Robert Friedland’s flagship company. At the time, it owned and operated the Summitville mine in Colorado and had total assets of $120.7 milli…
Pangea, Sundust hit more high-grade gold
Equal partners Pangea Goldfields (PGD-T) and Sundust Resources (SUN-M) have intersected more high-grade gold at their Victoria joint venture in west-central Peru.So far, 78 diamond drill holes exceedi…
MINING MARKETS AND INVESTMENT NEWS — Western markets — Western markets slide into dog days of summer
The Vancouver Stock Exchange composite index dropped 8.53 points to close at 511.51 over the report period ended July 21. Cowering in the claws of a bearish market, the mining index shed 10.85 points …
MINING MARKETS AND INVESTMENT NEWS — Eastern markets — Golds rise with stronger price as dollar hits all-time low
The Toronto Stock Exchange 300 index climbed a modest 0.3% during the report period July 15-21 to finish at 7,409.43. The gold and precious metals sub-index rose 71.14 points to 5,939.03, while the me…
Southern Africa Minerals active in Botswana, Quebec Quinsam lays off workers
Southern Africa Minerals (SAF-T) has recovered microdiamonds from its wholly owned Mosomane property in Botswana.Three micros were recovered from a 43.5-kg sample taken from a trench dug about 7 metre…
KazMinco, BHP sign agreement for Agadyr licence in Kazakstan
Kazakhstan Minerals (KMC.U.-T) and a subsidiary of Broken Hill Proprietary (BHP-N) have concluded terms granting the latter an option to explore the Agadyr licence in central Kazakstan.The licence, wh…
Drilling adds to Converse’s potential
Encouraging gold values have been intersected in a drill program at the Converse joint venture in Nevada’s Battle Mountain trend.The project is operated by Uranerz USA, which has a 25% interest. Newmo…
METAL PRICES — Daily Metal Prices (July 27, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices in US$ per tonne)DateJuly 21July 20July 17July…
High River advances Taparko
High River Gold (HRG-T) is nearing completion of an infill drilling program, part of a US$2-million feasibility study, at the Taparko gold project in northeastern Burkina Faso.The Toronto-based compan…
Mint offers new gold investment product
Following the release of a new silver coin for collectors, the Royal Canadian Mint has rendered a 1-oz. gold wafer for investors.The 24-carat item is 40.2 mm long, 24.2 mm wide and 1.717 mm thick. The…