Gold continues rise as traders search for price range

Article Abstract:

The market price of gold continues to be volatile with a 30% increase over the past two weeks. Its price increased $12.70 per ounce on Oct 4, 1999 to $316.40 as traders try to determine a trading range. The price increase is due to uncertainty now prevailing in the market. The uncertainty is also evidenced by the large increase in the spread between the bid and asking price, which now ranges between $2 to $3 per ounce, when it was formerly 50 cents per ounce.

Primary Smelting and Refining of Nonferrous Metal (except Copper and Aluminum), Wholesale prices, Gold

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Teck mulls spinning off gold assets

Article Abstract:

Teck Corp of Vancouver, Canada, is considering to spin off its gold mining assets to form a separate firm that would report its results like a stand-alone firm. The planned independent firm, which may be called Teck Gold, will be headed by a president who will be in charge of running Teck's gold mines and new projects as an independent division. Teck's gold operations constituted 30% of the firm's C$695 mil in total mining revenue.

Strategy & planning, Gold Mines, Gold Ore Mining, Gold mining, Teck Corp.

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