Barrick adopts poison pill
The board of directors of Barrick Gold (ABX-T) has adopted a shareholder-rights plan designed to make the company more difficult to take over.Barrick will propose the plan — which would remain in eff…
News
Small investors go for the gold
Demand for gold bars and bullion coins among private investors has increased sharply in light of low gold prices, according to a report by CPM Group of New York, N.Y.Investors in gold were most active…
SPOT PRICES (December 29, 1997)
Monday, December 22, 1997Price (US)Week’s ChangeGold*$290.45+ $4.35Silver*$ 6.06…
Mixed bag for October mineral production
Canadian production of gold, nickel, refined copper and zinc, and potash rose between October 1996 and October 1997. However, output of silver, primary copper and zinc, asbestos and lead dropped over …
LME WAREHOUSE LEVELS (December 29, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Dec.19/97 (change from Dec. 16 in brackets):MetalStock(tonnes)Change…
PRODUCER AND DEALER PRICES (December 29, 1997)
Aluminium: LME settlements US$1,518, alloy US$1,390 per tonne (Dec. 22/97).Antimony: Representative mid-market US$1,550 per tonne (Dec. 22/97).Bismuth: Representative mid-market US$3.30 per lb. (Dec. …
METAL PRICES – Daily Metal Prices (December 29, 1997)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateDec.22Dec.19Dec.18Dec.17…
DIAMOND PAGE — SouthernEra bags more diamonds at Luo
The Luo alluvial diamond project continues to pump out diamonds for its owners.SouthernEra Resources (SUF-T) reports that 3,385.5 carats of diamonds were recovered at the northeastern Angola project b…
Norcal and Gold Giant identify targets
Partners Norcal Resources (NLR-V) and Gold Giant Minerals (GNR-V) have identified 15 geophysically derived drill targets at theirNorgiant project in northwestern Quebec.Operator Norcal says that 11 of…
Geomaque gives boost to Vueltas del Rio deposit
Ongoing metallurgical studies have allowed Geomaque Explorations (GEO-T) to increase resources for the San Juan zone on its advance-staged Vueltas del Rio gold project in northwestern Honduras.Resourc…
Placer and Cortez return to court to settle royalty claim
Placer Dome (PDG-N), Cortez Gold Mines and ECM, a private company, may soon return to court to settle their differences regarding the Pipeline deposits in central Nevada.The U.S. Ninth Circuit Court o…
Western Pinnacle to evaluate gold deposits in eastern Siberia
Moscow-based Western Pinnacle Mining (WPN-V) has signed an agreement to evaluate three gold deposits near Chita in eastern Siberia, Russia.Western Pinnacle will set up a 50-50 joint venture with the R…