TSE SHORTS (February 01, 1999)
Short positions outstanding at January 15, 1999Larger individual positions include:Abitibi-Consolidated 506,921, down 422,579; Alcan Aluminium 700,662, down 361,388; Anderson Exploration 204,890, up 1…
News
GREATEST VALUE TRADED (February 01, 1999)
ExchgVal($000s)HighLowCloseChangeBarrick GoldT426…
METAL PRICES (February 01, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateJan. 26Jan. 25Jan. 22Jan. 21…
AFRICA — South African gold miners compete with North American cousins
Dramatic restructurings at Anglogold (AU-N) and Gold Fields (GLDFY-O) suggest that South African companies are challenging their North American counterparts for dominance in the international gold sec…
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — Franco-Nevada, Nuinsco brighten gloomy Toronto market
The Toronto Stock Exchange 300 index lost 95.45 points in the report period Jan. 20-26, to end the week at 6,663.45.The gold and precious metals sub-index offered little help to the broad market, plum…
CORRECTION (February 01, 1999)
The reserve figure quoted for the Glimmer mine in our Jan. 18 issue was incorrect. The mine, situated in northeastern Ontario, has reserves of 1.3 million tonnes grading 10.3 grams gold per tonne, plu…
AFRICA — East Africa extends Nyakafuru mineralization
Drilling by East Africa Gold (EAG-V) has extended mineralization below the resources known to exist at the Nyakafuru gold property in the Lake Victoria Goldfields district of northwestern Tanzania.The…
Rayrock back with Glamis
Rayrock Resources (RAY-T) has accepted a merger bid by Glamis Gold (GLG-T) and left Viceroy Resource (VOY-T) in possession of a $2-million break-up fee.Under the new agreement, which has yet…
SPOT PRICES (February 01, 1999)
Wednesday January 27, 1999Price (US)Week’s ChangeGold*$285.900.00Silver*$ 5.08…
AFRICA — Ashanti pays off financing, holds down debt
Through a restructuring of its hedging policy, Ashanti Goldfields (AHD-T) has paid off project financing at its two newest gold mines.The Ghana-based company closed out forward sales and put options, …
AFRICA — Fighting in Sierra Leone foils Nord’s production efforts
Nord Resources (NRD-N) has broken off negotiations with the government of Sierra Leone for the reopening of the Sierra Rutile operation after a rebel offensive on the capital city of Freetown plunged …
Armistice board survives
Dissident shareholders of Armistice Resources (ACI-M) have failed in a bid to unseat the board of directors at the company’s annual meeting.The dissidents, led by Gordon Usher-Jones and Mark Diamond, …