SPOT PRICES, Wed. July 21, 1999
Precious MetalsPrice (US$/oz.)ChangeGold$252.90-$2.70Silver$ 5.03-$0.09…
News
Orezone strikes more gold at Kerboul in West Africa
Junior Orezone Resources (ORZ-M) has received more encouraging results from reverse-circulation drilling at its Kerboul gold property in northern Burkina Faso.Eight holes sunk in the Kerboul South z…
NEWS ROUNDUP — Xemac acquires copper property in Mexico
Val d’Or, Que.-based Xemac Resources (XEM-M) has purchased the La Turquesa copper porphyry concession in Baja California, Mexico.The company bought the remaining two-thirds interest from Mexican partn…
LETTER TO THE EDITOR — Vengold ought to reassess its priorities
Thank you for your recent coverage of Vengold’s annual meeting for shareholders, held in Vancouver, Canada. We appreciate your focus upon minority shareholder rights.There are a few minor clarificatio…
Tenke follows trailblazing sibling into South America
Tenke Mining (TNK-T), presided over by Lukas Ludin, is making inroads into South America following the success there of sister company Argentina Gold.In April, Argentina Gold, another Ludin-led compan…
GOLD FUNDS (July 26, 1999)
Gold Funds as of July 21, 1999BGRCentralNet Value$12.805.35Price$9.00$5.1…
Teck takes over Minco’s White Silver Mtn.
The exercise by Teck (TEK-T) of 125,000 warrants of Minco Mining and Metals (MMM-T) will enable it to become operator of the White Silver Mountain base metal project in Gansu province, China.Minco is …
EDITORIAL & OPINION — NEW HORIZONS — Platinum keeps prototypes rolling
Zero-emmission power generation has long been the Holy Grail for environmentalists, industrialists and legislators. Increasingly tough pollution standards are the product of enormous pressure for chan…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Summer doldrums dog western markets
The Vancouver Stock Exchange composite index lost 5.87 points, or 1.37%, closing the week ended July 20 at 423.74. The mining index lost 8.55 points to close at 279.43.The combined value of the Albert…
William Resources warms up printing press
On July 30, debenture-holders of William Resources (WIM-T) will vote on whether or not to convert their notes into 245 million shares and thus assume 70% of the company’s resulting equity.The proposal…
Newmont boosts output
Newmont Mining (NEM-N) has upped its production forecast at South America’s largest gold mine.The Denver-based company now estimates that the Yanacocha mine in northern Peru will produce 1.6 million o…
Kennecott eyes Alaskan properties
Kennecott Canada Exploration has signed separate deals with NovaGold Resources (NRI-T) to earn majority interests in the Caribouand Anvil Creek gold projects in Alaska’s Fairbanks and Nome districts, …