Correction (December 06, 1999)
In our Nov. 29 issue, we incorrectly stated that Phelps Dodge (PD-N) had spent US$9.6 million on the Alamo claims surrounding Azco Mining’s (AZC-T) Adelita silver project in Mexico’s Sonora state.The …
Articles by Northern Miner Staff
EVENTS (December 06, 1999)
Jan. 23-24 Cambridge House Int’l — “Vancouver Investment Conference.” Hotel Vancouver, Vancouver, B.C. Tel: (614) 888 227-7722.Jan. 25-28 B.C. and Yukon Chamber of Mines — “Cordilleran Geology and E…
Affiliates Wheaton, Kit propose marriage
Merger mania has taken hold of Wheaton River Minerals (WRM-T) and Kit Resources (KIT-T).An agreement-in-principal calls for Kit shareholders to exchange each of their shares for 0.408 share of the mer…
BHP eyes porphyry target
The Chilean subsidiary of Australia’s Broken Hill Proprietary (BHP-N) has signed a letter-of-intent to acquire the Elvira copper porphyry prospect in the Atacama Desert.BHP can purchase the 110-sq. km…
NAME CHANGES (December 06, 1999)
Mango Resources (MRH-V) has changed its name to Consolidated Mango Resources (MRH-V) on a 1-new-for-5-old-share basis.
Pangea hits gold at Imwero
Reconnaissance drilling at the Imwero property in the Lake Victoria district of Tanzania has uncovered gold for Pangea Goldfields (PGD-T).A series of widely spaced, shallow, rotary-air-blast holes ret…
Boreal hits gold
Geochemical sampling has Boreal Exploration (BOR-M) off to a good start at two exploration permits near Chibougamau, Que.Four grab samples returned between 2.2 and 33.3 grams gold per tonne. All came …
REGULAR DEPARTMENTS (December 06, 1999)
CareersClassified Commentary Editorial Facts and Figures Guest Column Investment CommentaryMetal PricesProfessional DirectoryStock MarketSubscription Services…
Bank of England sale knocks stuffing out of gold
In the wake of a third gold auction by the Bank of England, gold bullion prices fell heavily over the Nov. 24-30 report period, sinking US$6.45 to US$291.40 per oz. on the London morning fix of Dec. 1…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Gold price nudges up towards $300 mark
Gold flickered back to life during the report period ended Nov. 23, with spot prices climbing US$2.40 over the week to US$297.85 per oz. on the Nov. 24 London morning fix. Gold was trading above US$29…
INSIDER TRADING — Cyprus execs exercise options
After accepting a takeover offer by Phelps Dodge (PD-N), executives of Cyprus Amax Minerals (CYM-N) exercised options worth millions.Jeffrey Clevenger, officer, exercised 237,500 options at US$10.13-1…
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