SPOT PRICES (January 05, 1998)
Gold Funds as of Monday, December 29, 1997Price (US)Week’s ChangeGold*$293.90+ $3.45Silver*…
News
STOCK MARKETS — Gold price sends TSE issues soaring — Base metal stocks just as flat as
the broad marketAs a wheezy Toronto Stock Exchange staggers to its 1997 finish line, the gold issues are showing signs of life, propelled by a modest recovery in the price of the yellow metal.That mut…
LME WAREHOUSE LEVELS (January 05, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Dec.24/97 (change from Dec. 19 in brackets):MetalStock(tonnes)Change…
Gold, base metals remain exploration standbys in 1997
Metals exploration activity in Canada continued apace in 1997, and mineral hunters were just likely to be searching for base metals as for gold.Ontario’s Timmins camp drew explorers like bees to honey…
Pace of discovery in the U.S. falls during the year
The number of mineral discoveries in the U.S. during 1997 is down from last year, though Alaska and Nevada continue to provide the best hunting ground.One of the highlights of the year came from Grayd…
PEOPLE — GOLDMAX RES. (January 05, 1998)
David Steinepreis elected director.
PEOPLE — ACE DEVELOPMENTS (January 05, 1998)
Tadeusz F. van Wollen appointed director, president and CEO, Jacel Pawlowski appointed director, vp and CFO, and Francis S. O’Kelly appointed director.
DIAMOND PAGE — Diamond exploration picks up steam in 1997
With the Ekati diamond mine in Canada’s Northwest Territories on schedule to begin production in the fall of 1998, diamonds have become an important sub-group of Canadian equity markets.It has been si…
GOLD FUNDS (January 05, 1998)
Gold Funds as of December 24, 1997BGRCentralNet Value$15.00$6.37Price$10.05…
Not a banner year for foreign exploration
Sobs clearly outnumbered shouts of “Eureka!” by a wide margin in 1997, a year in which some fine foreign exploration results were overshadowed by salted samples and depressed metal prices.The most dis…
Index (January 05, 1998)
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METAL PRICES — Daily Metal Prices (January 05, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateDec. 29Dec. 24Dec. 23Al Alloy13…