TSE INDICES (August 03, 1998)
1998July 28July 27July 24July 23July 22HighLowCom…
News
PRODUCER & DEALER PRICES (August 03, 1998)
Aluminium: LME settlements US$1,354.50, alloy US$1,252 per tonne (July 28/98).Antimony: Representative mid-market US$1,290 per tonne (July 28/98).Bismuth: Representative mid-market US$3.55 per lb. (Ju…
Nar, Falco expand VMS targets in Zimbabwe
Toronto-based Nar Resources (NRL-M), which has been funding a polymetallic exploration program operated by Falconbridge (FL-T) in Zimbabwe, has announced an expanded work program for the Maramba proje…
Avalon, Westview partners at Dubenski
Juniors Consolidated Westview Resources (CWS-V) and Avalon Ventures (AVL-V) will jointly explore three of the latter’s gold properties in northwestern Ontario.The companies signed a letter-of-intent g…
METAL PRICES — Daily Metal Prices (August 03, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices in US$ per tonne)DateJuly 28July 27July 24July…
Millstream completes drilling
Toronto-based Millstream Mines (MLSM-C) has received final results from diamond drilling at its Potter base metal property near Matheson, Ont.In total, 10 deep holes tested for depth and strike extens…
LME WAREHOUSE LEVELS (August 03, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at July 13/98 (change from July 6 in brackets):MetalStocks(tonnes)Change…
MINING MARKETS & INVESTMENT NEWS — Suspensions abound on TSE, VSE
The British Columbia Securities Commission has issued cease trade orders against four companies that failed to abide by the regulator’s stricter disclosure requirements.Vetta Ventures, Rorex Explorati…
Drilling expands Grayd’s Dry Creek deposit
At its Dry Creek polymetallic property in Alaska, Grayd Resource (GYD-V) has outlined a continuous zone of mineralization over a strike length of 230 metres and to a vertical depth of 140 metres.The s…
Underexplored Scossa property purchased by Romios in Nevada
Toronto-based Romios Gold Resources (RGRI-C) has agreed to buy the Scossa project in Pershing Cty., northwestern Nevada.The agreement calls for the junior to pay US$82,500 cash and issue 100,000 share…
Quarterly results keep Eldorado in black
Determined to produce 200,000 oz. gold by the end of the year, Eldorado Gold (ELD-V) has continued to slash cash costs and increase quarterly output.The company reduced total cash costs to US$260 per …
Primary base metal output up as gold, silver slide
Candian production of primary copper and nickel, zinc and iron ore rose between May 1997 and May 1998, offsetting drops in the production of refined copper, lead, gold, silver, asbestos and potash.The…