Inuit vote to settle land claims
Members of the Labrador Inuit Association (LIA) have approved a preliminary agreement for what is expected to be first land claim settlement in Newfoundland’s history.The yes vote endorses efforts of …
Articles by Northern Miner Staff
GOLD FUNDS (August 02, 1999)
Gold Funds as of July 28, 1999BGRCentralNet Value$12.965.47Price$9.10$5.5…
Falco boosts production
On a tide of higher production levels, second-quarter earnings have pushed Falconbridge (FL-T) back into the black.The company showed a profit of $30.9 million ($28 million, or 16 cents per share, aft…
US seeks alternatives to IMF gold sales
In response to congressional opposition, the U.S. government is seeking alternatives to a plan by the International Montetary Fund (IMF) to sell gold to finance debt relief.Under the IMF proposal, up …
LME WHSE LEVELS (August 02, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at July 20/99 (change from July 13 in brackets):MetalStocks(tonnes)Change…
SPOT PRICES (August 02, 1999)
Precious MetalsPrice (US$/oz.)ChangeGold$254.00+$1.10Silver$ 5.15+$0.12…
Companies (August 02, 1999)
Alberta EnergyApex Silver MinesAshton Mining of CanadaBarrick GoldBolidenCamphor VenturesComincoDe Beers Cons. MinesEldoradoExall ResourcesExcellon ResourcesFalconbridgeGlamis GoldGlimmer ResourcesInc…
MOST ACTIVE ISSUES, July 21-27
ExchgVol(000s)HighLowCloseChangeTahera Corp.T2190…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Dow, metals hold steady
The Dow Jones industrial average sustained a minor loss for the report period ended July 27, falling 17.06 points, or 0.2%, to close at 10,979.06.Mining issues were mixed heading into quarterly earnin…
Apex wraps up diamond drilling program in Mexico
Denver, Colo.-based Apex Silver Mines (SIL-X) is one step closer to owning nearly two-thirds of the Platosa property in central Mexico following its completion of a 21-hole diamond drill program there…
DIAMOND PAGE — New AK kimberlites yield diamonds
Three kimberlite discoveries on the AK property in the Northwest Territories have proved to be diamondiferous.The AK and CJ properties are a joint venture among Monopros, Mountain Province Mining (MPV…
Inco at break-even level
Inco’s (N-T) relentless drive to cut costs throughout its nickel operations has just about returned the money-losing company to a break-even level.Following losses totalling US$53 million in the three…