Inco continues restructuring attempts
Inco (N-T) continues to restructure its Ontario and Manitoba divisions with programs of expanded production, mine closures and workforce reduction.In Ontario, increased production from McCreedy East i…
News
COMMENTARY — Gold little understood
Almost everything we hear or read about gold’s downward price trend these days points to its failure to react to perceived political crises and ongoing sales of gold by some central banks. The unmista…
STOCK MARKET — Toronto markets take a welcome breather — Base metals hold their own but
golds tank — againThe Toronto Stock Exchange was fractionally lower over the trading period Nov. 12-18, with the TSE 300 composite index sliding 34.29 points, or 0.5% of value, to 6,752.23.The narrow…
DIAMOND PAGE — Spider hits lamproitic rocks near diamond find St. Genevieve Group stablemates Spider Resources (SPQ-A) and KWG Resources (kwg-t) have begun drilling for diamonds in south-central Brazil.
The first drill hole Spider drilled in the Contendas structure on KWG’s Paraniaba project hit 29 metres of what Spider has interpreted to be epiclastic crater-facies sediments in a large lamproitic cr…
DIAMOND PAGE — Klipdam boosts profit for Sonora
Toronto-based Sonora Diamond (SON-T) saw losses turn to profits this past quarter, as the Klipdam mine ramped up to full production levels.The quarter ended Sept. 30 was the first in which Klipdam, wh…
GREATEST VALUE TARDED, Nov. 12-18
ExchgValue(000’s)HighLowCloseChange.ZSBarrick GoldT…
MOST ACTIVE ISSUES, Nov. 12-18
ExchgVol(000’s)Close.ZSCobre MngT115845.10Noranda IncT…
TSE Short Positions (November 24, 1997)
Short positions outstanding at October 31, 1997Larger individual positions include: Advanced Material Resources 1,000, down 102,200; Barrick Gold 11,342,879, up 422,432; Bema Gold 261,836, down 4,433,…
LME WAREHOUSE LEVELS (November 24, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Nov.17/97 (change from previous week in brackets):MetalStock(tonnes)Change…
SPOT PRICES (November 24, 1997)
Wednesday, November 19, 1997Price (US)Week’s ChangeGold*$306.40- $3.70Silver*$ 5.1…
Loubel tests Queylus showing
Loubel Exploration (LBX-M) will begin a 2,500-metre diamond drilling program on its Queylus property near Chibougamau, Que. The program will focus on a mineralized showing uncovered by trenching. Resu…
METAL COMMENTARY — PGMs expected to withstand downtrend in gold markets
The gold market is grey and gloomy, and today its sages are competing to see who can come up with the lowest forecast price. But even as gold market watchers enjoy a good old-fashioned game of one-dow…