GOLD FUNDS (June 01, 1998)
Gold Funds as of May 21, 1998BGRCentralNet Value$15.58$5.95Price$11.85$5.
News
Russian law worries regional gold miners
Gold production in Russia’s Magadan region will drop by 9 tonnes this year as a result of a new precious metals law that restricts contracts between Russian miners and mills, says the regional governm…
BC mines awarded
Thirteen British Columbia mines were recognized at the province’s 36th annual Safety Awards, part of the recent Mining Week festivities.Fording Coal’s Greenhills operation was a double winner, receivi…
Akrokeri-Ashanti acquires Goldenrae
Toronto-based junior gold producer Akrokeri-Ashanti Gold Mines (AAGM-C) is significantly expanding its presence in Ghana with the acquisition of the private Ghanaian company Goldenrae Mining.For 85% o…
Atna cries foul over proposed Yukon deal
BBy Michael AttenboroughIn a deal that could affect the development of the Wolverine massive sulphide deposit in the Yukon, Boliden (BOL-T) subsidiary Boliden Westmin has signed an agreement to deal i…
Hungry Hill sulphides encourage Celtic, Jilbey
A compilation report on results from the Hungry Hill base metal prospect in Newfoundland’s Central mineral belt concludes that the prospect may represent the fringe of a volcanogenic massive sulphide …
MINING MARKETS & INVESTMENT NEWS — Canaccord sees strong year for Placer Dome
Larry Strauss of Canaccord Capital expects that Placer Dome (PDG-T) will have a strong 1998. Accordingly, the mining analyst is continuing to rate the company a buy.Strauss notes that the major plans …
GREATEST VALUE TRADED, May 20-26
ExchgVal($000s)HighLowCloseChangeBarrick GoldT116…
SPOT PRICES (June 01, 1998)
Wednesday, May 27, 1998Price (US)Week’s ChangeGold*$292.60- $5.50Silver*$ 5.09…
METAL PRICES — Daily Metal Prices (June 01, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateMay 26May 25May 22May 21May 20…
LME WAREHOUSE LEVELS (June 01, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at May 22/98 (change from May 18 in brackets):MetalStocks(tonnes)Change…
MINING MARKETS & INVESTMENT NEWS – WESTERN MARKETS — St. Jude drilling excites Vancouver market
The Vancouver Stock Exchange composite index continued its downward trend, losing 11.36 points, or 1.8%, to end the May 20-26 report period at 603.21.The mining index also lost ground, slipping 7.44 p…