MOST ACTIVE ISSUES, June 2-8, 1999
ExchgVol(000s)HighLowCloseChangePlacer DomeT11110…
Articles by Northern Miner Staff
Vengold reduces Lihir stake
To alleviate its US$115-million debt load, Vengold (VEN-T) has sold 25 million shares of Lihir Gold (LIHRY-Q).The proceeds, which tally to about $25 million (Australian), will reduce Vengold’s outstan…
Index (June 14, 1999)
CareersClassifiedCommentaryDiamond PageDrillersEditorialInvestment CommentaryLetters to the EditorMarket PlaceMetal PricesMining Markets & Investment NewsNews RoundupOdds’n’SodsPeoplePro…
NEWSROUNDUP — Former Minroc finances Cassiar
Effective June 8, Minroc Mines became Cassiar Mines & Metals (CIR-T) and drew down a $5-million financing for its magnesium-chrysotile project at Cassiar in northern British Columbia.The past-producin…
DIAMOND PAGE — Kimberlite sill proves diamondiferous
Encouraging results are reported from the Munn Lake kimberlite sill discovery at the Back Lake project in the Northwest Territories.A 42-kg aggregate kimberlite sample collected from two core holes an…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Weak metal prices flatten western markets — Cons. Silver Tusk among few bright spots as malaise grips VSE
The Vancouver Stock Exchange composite index lost 8.09 points, or 1.8%, over the report period ended June 8, to close the week at 444.62. The mining index followed suit, losing 4.07 points, or 1.3%, t…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — TSE inches up as equity markets recover
Base metals ahead of market in response to better commodity prices The base metals led the winning sectors as the Toronto Stock Exchange advanced slightly over the five trading days ended June 8. The …
NEVADA & THE WESTERN STATES — Vengold explores in Walker Lane Trend
Vancouver-based Vengold (VEN-T) is exploring for the yellow metal on its newly acquired Pamlico property, southeast of Hawthorne in Nevada’s Walker Lane region.To date, the company has completed mappi…
NEVADA & THE WESTERN STATES — Kinross and Mirandor strike gold at Railroad
A discovery hole and the exploration potential of the Railroad gold property in Nevada have heartened partners Kinross Gold (K-T) and Mirandor Exploration (MIQ-M).A technical report by Kinross, which …
Eldorado sizes up Turkish gold deposit — Reserves at Sao Bento in Brazil expected to rise
Drilling will enable Eldorado Gold (ELD-T) to evaluate the size and grade of the Gokgoz Tepe zone at its wholly owned Kisladag project in western Turkey.This season’s program, budgeted at US$725,000, …
General Minerals expands discovery
In the west-central Bolivian department of Cochabamba, General Minerals (GNM-T) is expanding silver mineralization at its Atocha property.Tunneling into the underground target has encountered silicifi…
Nelson writes down Zeravshan investment
Low gold prices and a mine-plan review have prompted Nelson Gold (NLG-T) to write down its investment in Zeravshan Gold, operator of the Jilau gold mine in Tajikistan.Although 1998 production increase…