PRODUCER PRICES (March 17, 1997)
ALUMINIUM: LME settlements US$1,646 per tonne, alloy $1,528 per tonne (Mar. 12/97).ANTIMONY: Composite free market, US$2,235 per tonne (Mar. 11/97).BISMUTH: Composite free market US$3.15 per lb. (Mar….
News
Lyon Lake encounters gold at Beta Vargas
In the latest round of drilling at the Beta Vargas concession in Costa Rica, Lyon Lake Mines (LLL-T) has intersected additional low-grade gold mineralization.Previous work outlined a deposit contained…
Cominco drill-tests Peruvian gold play
Drilling by the Peruvian subsidiary of Cominco (CLT-T) is aimed at outlining a large-tonnage gold deposit on the Minaspata property, 110 km southwest of the city of Cuzco.Results from the ongoing, 27-…
First Dynasty applies for rights
First Dynasty Mines (FDM-T) and its Indonesian partners have applied for exploration rights to 207,978 ha on the islands of Kalimantan and Java.Under the application, First Dynasty would effectively h…
Freegold updates resource estimate for Golden Summit project in Alaska
Vancouver-based International Freegold Mineral Development (ITF-V) has calculated gold resource estimates for four prospects at its Golden Summit project near Fairbanks, Alaska.*At the Dolphin prospec…
AMT International Mining outlines copper target at Old Reliable project
Toronto-based AMT International Mining (AAI-T) is attempting to outline economic copper mineralization at its Old Reliable deposit, near Tuscon, Ariz.A drill program at the deposit, which occupies the…
Odin drill-tests gold properties in Ecuador
Odin Mining & Exploration (ODN-V) has received promising assays from the first three holes drilled at its Marcia gold property in southwestern Ecuador.Hole 2 intersected 29.92 metres from surface, gra…
LME Warehouse Levels (March 17, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Mar.10/97 (change from previous week in brackets):Aluminium877,675(-4,775)Copper205,525(-9,275)Lead109,075(+1,050)Nickel45,8…
Oroperu and Pan American verify gold find on Tres Cruces project in Peru
Drilling by Oroperu Resources (OROP-C) on the Tres Cruces project in north-central Peru has verified the continuity of mineralization.Mineralization at the property, a 50-50 joint venture with Pan Ame…
Toronto Stock Exchange Indices (March 17, 1997)
1997Mar 11Mar 10Mar 7Mar 6Mar 5HighLowComposite”3…
Spot prices at a glance (March 17, 1997)
Wednesday, March 12, 1997Price (US)Week’s ChangeGold*$353.15- $2.60Silver*$ 5.23…
TSE Short Positions (March 17, 1997)
Short positions outstanding at March 5, 1997Larger individual positions included: Barrick Gold 11,605,421, up 977,328; Agnico Eagle Mines 247,859; AJ Perron Gold 376,400; Amax Gold 156,670, up 76,600;…