MOST ACTIVE ISSUES, July 21-27
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News
Companies (August 02, 1999)
Alberta EnergyApex Silver MinesAshton Mining of CanadaBarrick GoldBolidenCamphor VenturesComincoDe Beers Cons. MinesEldoradoExall ResourcesExcellon ResourcesFalconbridgeGlamis GoldGlimmer ResourcesInc…
SPOT PRICES (August 02, 1999)
Precious MetalsPrice (US$/oz.)ChangeGold$254.00+$1.10Silver$ 5.15+$0.12…
LME WHSE LEVELS (August 02, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at July 20/99 (change from July 13 in brackets):MetalStocks(tonnes)Change…
US seeks alternatives to IMF gold sales
In response to congressional opposition, the U.S. government is seeking alternatives to a plan by the International Montetary Fund (IMF) to sell gold to finance debt relief.Under the IMF proposal, up …
Falco boosts production
On a tide of higher production levels, second-quarter earnings have pushed Falconbridge (FL-T) back into the black.The company showed a profit of $30.9 million ($28 million, or 16 cents per share, aft…
GOLD FUNDS (August 02, 1999)
Gold Funds as of July 28, 1999BGRCentralNet Value$12.965.47Price$9.10$5.5…
Inuit vote to settle land claims
Members of the Labrador Inuit Association (LIA) have approved a preliminary agreement for what is expected to be first land claim settlement in Newfoundland’s history.The yes vote endorses efforts of …
Mindoro to drill Agata
Mindoro Resources (MIO-A) has planned a 20-hole, 2,000-metre drilling campaign at the Agata gold project in the Philippines following the discovery of high-grade gold anomaliesDrilling of the Assmicor…
EDITORIAL & OPINION — Rumours swirl around gold sales — Fair or foul?
Tony Blair is probably the toniest prime minister Great Britain has ever had. He’s Britain’s answer to Bill Clinton, equally polished and urbane, and equally eager to build that proverbial bridge into…
EDITORIAL & OPINION — COMMENTARY — Banks need simple gold plan
As the gold mining industry holds its collective breath and peers over the US$250-per-ounce precipice, it is time to ask if the death of a responsible gold mining industry is in your best interest. Us…
Placer halts Turquoise Ridge, finds zone at Pipeline
Some two months after a US$1.1-billion merger with Getchell Gold, Placer Dome (PDG-T) has stopped production and milling at the problem-plagued Turquoise Ridge gold mine northeast of Winnemucca, in no…