PEOPLE — Omax Res.
Ross Drysdale appointed director.
Articles by Northern Miner Staff
PEOPLE — OroGrande (July 05, 1999)
Gerard Wood appointed president, CEO and director.
PEOPLE — Pangea
Norman Hardie appointed director.
PEOPLE — Rampton (July 05, 1999)
Jerome Watts appointed director.
PEOPLE — Tenke (July 05, 1999)
Paul Conibear appointed COO and director.
EDITORIAL & OPINION — COMMENTARY — Who killed the golden goose?
Whenever logic falls short of explaining actions or facts in the popular mind, conspiracy theories tend to surface. We saw this in the aftermath of president Kennedy’s assassination, and we’re seeing …
Noranda adds to Caber stake
Noranda (NOR-T) has subscribed for another $400,000 worth of Southern Africa Minerals (SAF-T).The private placement, involving 290,900 shares priced at $1.38 each, is part of an option agreement in wh…
Searchgold nabs Bakoudou
Searchgold Resources (RSG-M) is poised to acquire control of the Bakoudou project in southeastern Gabon. The property is currently held by Golden Gram Resources (RAMG-C).The two companies have explore…
DiamondWorks pads coffers
DiamondWorks (DMW-T) has raised $6.4 million to develop its various properties throughout the world.The private placement consisted of 28 million units priced at 23 cents each. A unit comprises one sh…
Teck axes 125 at Quintette
A backlog of coal inventories at the port in Prince Rupert, B.C., has forced Teck (TEK-T) to lay off 125 employees of the province’s Quintette mine.In addition to reducing the mine’s workforce to 500,…
GOLD FUNDS MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Rising metal prices spur rally in mining stocks
Gold Funds as of June 25, 1999BGRCentralNet Value$12.905.41Price$8.90$5.400Discount31.01%0.2%Value$95,096,000$103,211,658.ZE.N7Both gold and base metal stocks posted strong gains during the …
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Listless gold eclipsed by rebounding base metals
Gold prices continued to languish below the US$260 mark during the June 16-22 report period, slipping 20 cents over the week to US$258.70 per oz. on the London morning fix of June 23.Gold’s woes dragg…