GOLD FUNDS (March 16, 1998)
Gold Funds as of March 5, 1998BGRCentralNet Value$15.31$6.29Price$11.80$5…
News
LME WAREHOUSE LEVELS (March 16, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Mar.10/98 (change from Mar. 3 in brackets):MetalStocks(tonnes)Change…
Sand River secures sizable Mexican land position
Sand River Resources (SRIV-C) has acquired a portfolio of 16 exploration projects, 14 of which are situated in Mexico.The company’s premier exploration and development target is the Macocozac property…
COMMENTARY — The value of the prospector (March 16, 1998)
.BWilliam SulzerThe prospector is the most useful man to commerce and the most valuable man of civilization.Political economists tell us that next to agriculture, mining is the next greatest industry….
DIAMOND PAGE — SouthernEra mining Sugarbird blow
SouthernEra Resources (SUF-T) has successfully commissioned the diamond recovery plant at its Klipspringer project in South Africa’s Northern province.The plant recovered a total of 768 carats during …
EDITORIAL — The time for debt fight is now — Fiscal dividend wasted
Four years ago, the Canadian government recorded a deficit of $42 billion.This year, it is out of the red and into the black, a feat not accomplished in 50 years. South of the border, U.S. President B…
GREATEST VALUE TRADED, Mar. 4-10
ExchgVal($000s)HighLowCloseChangeInco LtdT162319…
Barrick reports strong quarter
Major leaguer Barrick Gold (ABX-T) increased its fourth-quarter earnings by boosting production and lowering cash costs.In the three months ended Dec. 31, 1997, Barrick earned US$75 million, compared …
PRODUCER AND DEALER PRICES (March 16, 1998)
Aluminium: LME settlements US$1423.50, alloy US$1,247 per tonne (Mar.10/98).Antimony: Representative mid-market US$1,575 per tonne (Mar. 10/98).Bismuth: Representative mid-market US$3.75 per lb. (Mar….
SPOT PRICES (March 16, 1998)
Wednesday, March 11, 1998Price (US)Week’s ChangeGold*$295.25- $0.75Silver*$ 6.31…
Canarc takes shine to Mexican prospect
Junior Canarc Resource (CCM-T) has acquired a polymetallic prospect on 19,600 ha of ground in the bourgeoning El Salvador area play in central Mexico.The property, known as Lobo 3, lies 20 km northeas…
IG expands in Myanmar
Indochina Goldfields (ING-T) has boosted minable reserves and production estimates at its Monywa copper project in the north-central plains of Myanmar.The project, which is jointly owned by IG and the…