Huge mineral discoveries fueled a wave of mergers, takeovers and deals in the mining industry in 1996. The year’s biggest story was Inco’s (N-T) Aug.21 swallowing up of Diamond Fields Resources (DFR),…
Many a metal trader will have popped the cork on his New Year’s bubbly, confident that 1997 can hardly be worse than 1996. Precious metals nosedived, and the base metals went for a bumpy ride courtesy…
The Russian government owes mining companies 1.5 trillion roubles for some of the gold they have shipped to the state in 1996.The industry sent about 100 tonnes of gold to refineries last year, report…
ExchgVol(000s)CloseBre-X MnrlsT260422.15Houston LakeA…
Monday, December 30, 1996Price (US)Week’s ChangeGold*$369.60+ $0.40Silver*$ 4.88…
Short positions outstanding at December 15, 1996Larger individual positions included: Barrick Gold 10,999,002, down 1,002,994; Agnico-Eagle 447,992, down 97,393; Archer Resources 299,100; Anvil Range …
London Metal ExchangeMidday bid-ask prices in $US per tonneDateDec. 27Dec. 24Dec. 23Dec. 20Alumin…
ExchgValue($000s)HighLowCloseChangeBre-X MnrlsT57…
The Vancouver Stock Exchange composite index was up slightly over a slow Christmas week to close at 1162.27, up 16.76 points from the previous week’s close of 1145.51. The resource index closed at 229…
Exploration activity has picked up steam in Sweden since Boliden announced the discovery of a gold deposit in the country early last year.The deposit, which is now reported to contain 8 tonnes of gold…
Gold Funds as of December 27, 1996BGRCentralNet Value$22.06$6.17Price$17.00…
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Dec.23/96 (change from previous week in brackets):Aluminium945,800(+2,175)Copper121,400(+6,025)Lead118,625(-4,000)Nickel49,5…
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