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…
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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…
TSE SHORT POSITIONS (June 01, 1998)
Short positions outstanding at May 15, 1998Larger individual positions included:Agnico-Eagle Mines 71,450, down 299,505; Barrick Gold 14,349,342, up 726,130; Campbell Resources 2,488,739, up 382,109; …
TSE INDICES (June 01, 1998)
1998May 26May 25May 22May 21May 20HighLowComposit…
Queenston arranges placement in Western Copper
Queenston Mining (QMI-T) has sold 200,000 shares of Western Copper Holdings (WTC-T) at $7.25 each and, subject to regulatory approval, has arranged to purchase a 200,000-unit private placement at $7.2…
Guyana Goldfields acquires past producer
Guyana Goldfields (GGFI-C) has picked up the Aurora property in Guyana, the site of the country’s largest past-producing gold mine.In order to earn its interest in the 65-sq.-km property, the company …
Namco sells diamonds
London, England-based Namibian Minerals (NMR-T) has sold its first parcel of diamonds from its coastal operations in Namibia.The 5,093 carats of diamonds were sold in Antwerp, Belgium, for US$913,388,…
Anomalies defined at Kikerk Lake
With results in hand for all till samples collected during the 1997 program, partners Caledonia Mining (CAL-T) and Condor International Resources (COD-V) have defined a geochemical anomaly on the Hunt…
Fjordland set to begin Greenland diamond hunt
Fjordland Minerals (FML-V) is preparing to begin a helicopter-supported till-sampling program in Greenland.The Vancouver-based junior intends to focus on 24 areas where last year’s reconnaissance samp…
Diamond explorer deals for gold properties in NWT
Glenmore Highlands (GMH-A), known for its diamond exploration interests in the Northwest Territories, has struck a deal to acquire a controlling interest in a company that owns gold projects in northe…
Noranda takes over Refimet
Toronto-based major Noranda (NOR-T) has acquired all the shares of Fundicion Refimet that it did not already hold. The shares were acquired from Inversiones Mineras del Pacifico and Barrick Gold (ABX-…