PRODUCER PRICES (May 18, 1998)
Aluminium: LME settlements US$1,1362.50, alloy US$1,266 per tonne (May 12/98).Antimony: Representative mid-market US$1,500 per tonne (May 12/98).Bismuth: Representative mid-market US$3.90 per lb. (May…
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TSE SHORTS POSITIONS (May 18, 1998)
Short positions outstanding at April 30, 1998Larger individual positions included: Abacan Resource 146,100; Abitibi Consolidated 853,022; Agnico-Eagle Mines 370,955, up 240,255; Anderson Exploration 7…
Eldorado sells Energold stake
Eldorado Gold (ELD-T) has sold its 37.5% interest in Energold Mining (EDG-V).Yorkton Securities, First Marathon Securities, Goepel McDermid Securities and Haywood Securities together purchased Eldorad…
Richmont enjoys superb quarter
More gold at lower costs, is the simple explanation behind Richmont Mines’ (RIC-T) stellar performance in the first quarter of 1998.The Rouyn-Noranda, Que.-based gold miner earned $961,975 (or 6cents …
Drills turn at Hackett River
Drilling is under way at the Hackett River base metal project near Bathurst Inlet, N.W.T., reports Etruscan Resources (EET-T).The 7,500-metre program, scheduled for completion by the end of August, wi…
World Wide launches Kazakstan lawsuit
As threatened last fall, Toronto-based World Wide Minerals (WWS-T) and Denver-based uranium trader Nuclear Fuel Resources have initiated legal action against the Republic of Kazakstan in the United St…
La Manchuria assays lower than anticipated
Assay results from the last five holes drilled on the Manchuria gold-silver property in Argentina did not match results from hole LM-2, Abacus Minerals (AMC-V) has reported.Hole LM-3 intersected 24.1 …
Anglo options Barrick’s African properties
In a move its chairman described as “pulling in our horns,” Barrick Gold (ABX-T) has dealt options on its West and Central African gold projects to South African-based mining house Anglo American.The …
METAL PRICES -Daily Metal Prices
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateMay 12May 11May 8May 7May 6…
Stratabound drilling expands Mexican polymetallic property
Drilling at the Sierra Azul lead-zinc-silver property in Mexico’s Coahuila state has extended mineralization down dip from the past-producing Santa Genoveva mine.Owner Stratabound Minerals (SB-A) repo…
Despite year-end loss, Cambiex remains active
Cambiex Exploration (CBX-T) incurred a loss in 1997 as a result of the devaluation of one project and the abandonment of several others.On its home turf of Quebec, Cambiex and its affiliate, Cambior (…
GOLD FUNDS (May 11, 1998)
Gold Funds as of April 30, 1998BGRCentralNet Value$16.23$6.44Price$13.00$…