Gold Funds (June 09, 1997)
Gold Funds as of May 29, 1997BGRCentralNet Value$21.05$5.88Price$15.85$5.
News
LME Warehouse Levels (June 09, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at June 2/97 (change from previous week in brackets):Aluminium734,600(-19,525)Copper132,500(-4,525)Lead117,825(-300)Nickel52,32…
Correction (June 09, 1997)
In our issue of June 2, we reported that Bullion Monarch (BMRK-O) had acquired an 80% interest in Knomex Resources (KNO-A). In fact, Knomex is still proceeding with its due diligence review of the pro…
Brush Creek seeks a partner
California-based Brush Creek Mining & Development (BCMD-Q) says it is seeking a joint-Venture partner to help explore its diamond project in Sierra Cty. in its home state.The junior says a reconnaissa…
PEOPLE — BOOKER GOLD (June 09, 1997)
William Deeks appointed director.
PEOPLE — BEHRE DOLBEAR (CANADA)
Derek Rance appointed president and chief executive officer.
Lyon Lake drills Costa Rican play
Lyon Lake Mines (LLL-M) has wrapped up a 5,000-Metre reverse-circulation drill program on its Beta Vargas gold property, 150 km northwest of San Jose, Costa Rica.The program consisted of two phases. T…
STOCK MARKETS — Resources drop on TSE as election pushes dollar higher — Base metals, golds off in quiet market, platinum group metals show strength
Merchandising, communications and consumer products showed strength on the Toronto Stock Exchange, though the resource industries were all lower during the report period ended June 3. The TSE 300 comp…
DIAMOND PAGE — Cypango Ventures recovers Yamba Lake diamonds
A series of sample batches from the newly discovered T-10 kimberlite in the central portion of the Yamba Lake property in the Northwest Territories yielded six macrodiamonds (exceeding 0.5 mm in at le…
Afema production cramps — Eden Roc’s first-quarter results
Citing weak gold prices and lower gold production at the Afema heap-leach gold mine in Ivory Coast, Toronto-based Eden Roc Mineral (EDN-T) reports a $1.7-Million loss (or 3.6 cents per share) for the …
MOST ACTIVE ISSUES, May 28-June 3
ExchgVol(000s)CloseT.K.O. ResV62251.29CrystallexT…
EDITORIAL AND OPINION — The best defence is a strong offence — Teflon `victims’
After the Bre-X Minerals salting scandal was exposed, mining professionals worried aloud that they might be tarred with the same brush and that investors, once-burned, would be twice shy of all compan…