Gold Funds (July 07, 1997)
Gold Funds as of June 26, 1997BGRCentralNet Value$19.49$5.83Price$15.15$5…
News
MOST ACTIVE ISSUES, JUNE 25-JULY 1
ExchgVol(000s)CloseBarrick GoldT497930.05Placer DomeT…
Teck, Sumitomo team up at Pogo
Teck (TEK-T) and Sumitomo Metal Mining Arizona will jointly explore the Pogo gold property in central Alaska.Situated 150 km southeast of Fairbanks, the property is part of Sumitomo’s Stone Boy projec…
PRODUCER & DEALER PRICES (June 30, 1997)
Aluminium: LME settlements US$1,560 per tonne, alloy $1,437 per tonne (June 24/97).Antimony: Composite free market, US$2,080 per tonne (June 24/97).Bismuth: Composite free market US$3.90 per lb. (June…
EDITORIAL AND OPINION — Alberta coal mine to preserve 450 jobs — Black gold
High-paying jobs are still hard to come by in Canada, no matter how optimistic economists are that better days are just around the corner. So when a resource project comes along with potential to keep…
Casmyn finds more ore at Turk
A recently discovered ore zone could boost profits at the Turk gold mine in Zimbabwe, reports owner Casmyn (CMYN-Q).The new area, which was identified in the western portion of the mine, is a lens of …
Russian estimates fuel Armada Gold’s optimism — New estimate could boost production grades
A new estimate of the gold resource at its Baley gold project in far eastern Russia has enabled Armada Gold (AAU-T) to boost the projected production grade by about 20%.The new resource for the Taseev…
DIAMOND PAGE — SouthernEra analyzes Klipspringer blow — Marsfontein deal with Randgold
revisedA pipe-like enlargement, or blow, along the Sugarbird fissure, which forms part of the Klipspringer project in South Africa’s Northern Transvaal province, is estimated to contain 90,000 tonnes …
Uzbekistani gov’t sells huge stake in Almalyk — Increased production and leaner operations are expected
The government of Uzbekistan plans to sell a 40% stake in the Almalyk mining and metallurgical plant, one of the largest copper producers of the former U.S.S.R.The plant produced 100,000 tonnes of cop…
Kennecott inks Mexican deal
Kennecott Minerals has signed a letter of intent with a private company to develop a copper mine in the central Mexican state of Zacatecas.According to terms of the deal, Kennecott, a subsidiary of Ri…
ODDS ‘N’ SODS — Breaking through at the Eagle
In the late 1960s I was working in the engineering department of Agnico Eagle Mines’ Eagle Gold mine, a new project near the town of Joutel in northwestern Quebec.The mine manager there, Harry Pike, w…
DIAMOND PAGE — Winspear, Aber recover diamonds from dykes
A total of 149 macros and 252 microdiamonds was recovered by caustic fusion analysis on a 137.1-kg sample obtained from 13 drill holes that intersected kimberlite dykes in a restricted 1-sq.-km area o…