METAL PRICES — DAILY METAL PRICES (April 14, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateApril 8April 7April 4April 3A…
News
STOCK MARKETS — Rise in U.S. interest rates deflate TSE still further
More than 54 million shares of Bre-X crossed the trading floor as investors continued to bail outBase metal companies rolled with the punches over the report period ended April 8, as U.S. interest rat…
LATIN AMERICA — Crystallex aims to expand Venezuelan mining and exploration activities
Kilometre 88, venezuela — The exploration boom that took place in this gold camp a few years ago has cooled down, leaving only a handful of juniors exploring and developing projects near the huge Las…
PEOPLE — AKASH VENTURES
T. Spilsbury appointed director.
LATIN AMERICA — NEWS IN BRIEF
Calgary-based Hampton Court Resources (HCR-A) has applied for the right to explore three mineral concessions in southern Ecuador. The land package is reported to cover placer gold occurrences.
PEOPLE — ADDWEST MINERALS
James Houston appointed chairman; Charles Williams appointed president and chief executive officer; William Buchan appointed chief financial officer; Allan Marter, David Rennie and George Brazier appo…
PEOPLE — ABSTRACT ENTERPRISES (April 07, 1997)
Mohamed Verjee and Karim Nanji appointed directors.
GOLD FUNDS (April 07, 1997)
Gold Funds as of March 27, 1997BGRCentralNet Value$21.59$6.11Price$17.75$…
NEWS IN BRIEF (April 07, 1997)
SLN Ventures (SVN-V) has changed its name to Pan Ocean Explorations (POE-V) on a 1-new-for-6-old-share basis.
LME WHSE LEVELS (April 07, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Mar.31/97 (change from previous week in brackets):Aluminium853,000(-2,525)Copper177,250(-6,225)Lead106,925(-500)Nickel47,862…
Bre-X’s credibility undermined as suspicions mount — Assay lab’s results are only as good as the samples it receives
A month ago, it was reputed to be sitting on the largest gold find of the century, but the ground is now shaking beneath Bre-X Minerals (BXM-T), operator of the Busang gold project in eastern Kalimant…
GREATEST VALUE TRADED (April 07, 1997)
ExchgValue(000s)HighLowCloseChangeBarrick GoldT12…