TSE INDICES (February 01, 1999)
1999Jan. 26Jan. 25Jan. 22Jan. 21Jan. 20HighLowComposite “300”6663.456618.486593.916635.766712.347835.755325.79Metals & Minerals3090.503104.793090.653194.913187.514423.922412.49Int…
1999
LME WHSE LEVELS (February 01, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan. 19/99 (change from Jan. 12 in brackets):MetalStocks (tonnes)Change…
TSE SHORTS (February 01, 1999)
Short positions outstanding at January 15, 1999Larger individual positions include:Abitibi-Consolidated 506,921, down 422,579; Alcan Aluminium 700,662, down 361,388; Anderson Exploration 204,890, up 1…
GREATEST VALUE TRADED (February 01, 1999)
ExchgVal($000s)HighLowCloseChangeBarrick GoldT426…
METAL PRICES (February 01, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateJan. 26Jan. 25Jan. 22Jan. 21…
AFRICA — South African gold miners compete with North American cousins
Dramatic restructurings at Anglogold (AU-N) and Gold Fields (GLDFY-O) suggest that South African companies are challenging their North American counterparts for dominance in the international gold sec…
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — Franco-Nevada, Nuinsco brighten gloomy Toronto market
The Toronto Stock Exchange 300 index lost 95.45 points in the report period Jan. 20-26, to end the week at 6,663.45.The gold and precious metals sub-index offered little help to the broad market, plum…
CORRECTION (February 01, 1999)
The reserve figure quoted for the Glimmer mine in our Jan. 18 issue was incorrect. The mine, situated in northeastern Ontario, has reserves of 1.3 million tonnes grading 10.3 grams gold per tonne, plu…
AFRICA — East Africa extends Nyakafuru mineralization
Drilling by East Africa Gold (EAG-V) has extended mineralization below the resources known to exist at the Nyakafuru gold property in the Lake Victoria Goldfields district of northwestern Tanzania.The…
Rayrock back with Glamis
Rayrock Resources (RAY-T) has accepted a merger bid by Glamis Gold (GLG-T) and left Viceroy Resource (VOY-T) in possession of a $2-million break-up fee.Under the new agreement, which has yet…
SPOT PRICES (February 01, 1999)
Wednesday January 27, 1999Price (US)Week’s ChangeGold*$285.900.00Silver*$ 5.08…
AFRICA — Ashanti pays off financing, holds down debt
Through a restructuring of its hedging policy, Ashanti Goldfields (AHD-T) has paid off project financing at its two newest gold mines.The Ghana-based company closed out forward sales and put options, …