PEOPLE — SPUR VENTURES (May 26, 1997)
Ernest Cheung appointed director.
News
Suspension hangs over Cons. Silver Tusk
Trading in Consolidated Silver Tusk Mines (CKS-V) remains halted, more than two months after shares were initially suspended.Trading was stopped after the company issued new, less-impressive assays on…
Central Asia proves up Raigorodok resource — Exploration program attempts to define open-pit resource
With seven more holes drilled at the Raigorodok North gold deposit in northern Kazakstan, Central Asia Goldfields (CGZ-M) is nearing completion of a program aimed at confirming and proving up a resour…
SPOT PRICES (May 26, 1997)
Wednesday, May 21, 1997Price (US)Week’s ChangeGold*$342.25- $6.75Silver*$ 4.67…
PEOPLE — STELLAR METALS
Darrell Brookstein appointed director.
STOCK MARKETS — Western markets soured by reports of tampering — Diamond hunters, golds stumble; mixed bag for foreign-oriented juniors
Western markets continued to take it on the chin over the report period ended May 20 as reports of sample salting and tampering caused investors to back away from junior gold exploration stocks (see p…
ASIAN EXPLORATION — Freeport fights suit
Freeport McMoRan Copper & Gold (FCX-N) will file motions in U.S. courts that seek to dismiss a US$6-billion lawsuit over alleged human rights abuses near the Grasberg gold mine in Irian Jaya, Indonesi…
Greatest Value Traded, May 14-20
Exchg.Value ($000)HighLowCloseChangeBarrick GoldT…
EDITORIAL AND OPINION — Will Zaire’s conversion bear fruit? — Sizing up Kabila
Put a few optimistic businesspeople in a room full of cynical journalists and watch the sparks fly. That’s what happened in Lubumbashi, a city in the heart of Zaire’s copper belt, in the aftermath of …
FACTS AND FIGURES — Silver inventories dwindling
The silver price was, at best, flat during the first four months of 1997, leading some observers to wonder if something is wrong with the market. The new supply of silver from mines, scrap and other s…
Faro mine suspension takes toll on Anvil Range
The last fiscal year was a difficult one for Anvil Range Mining (ARO-T), owner and operator of the mothballed Faro zinc-lead mine in the Yukon.The Toronto-based firm reported a loss of $35.3 million (…
METAL PRICES — Daily Metal Prices (May 19, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateMay 13May 12May 9May 8May 7…