METAL PRICES (May 17, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateMay 11May 10May 7May 6…
Articles by Northern Miner Staff
Richmont posts modest quarterly loss
Low gold prices are taking their toll on Richmont Mines (RIC-T), a Montreal-based gold miner with operations in Quebec and Newfoundland.The company posted a loss of $517,685 (or 3 cents per share) on …
Kennecott reports Rocking Horse winner
Kennecott Canada Exploration has discovered a new kimberlite body on the Rocking Horse property, northwest of the Jericho region in the Nunavut Territory.Rocking Horse is one of three properties in wh…
Newmont’s Batu Hijau nears completion
The huge Batu Hijau copper-gold mine on the Indonesian island of Sumbawa is 90% complete and due to enter production in the fourth quarter. Commercial production is expected to follow in the first qua…
Camnor cuts anomalous gold in Alaska
Drilling by Camnor Resources (CMB-V) at the Discovery Gulch property in east-central Alaska has returned anomalous gold values.The 3,000-acre property is at the headwaters of Switch Creek. Camnor stan…
SouthernEra finds kimberlite at Munn Lake — Drill-testing uncovers narrow kimberlite body
Toronto-based SouthernEra Resources (SUF-T) may have found the source of diamond-bearing kimberlite float boulders at the Back Lake project in the Northwest Territories.The company discovered a kimber…
Careers (May 17, 1999)
Regional Exploration ManagerHudson Bay Exploration and Development Company Limited, the wholley owned exploration subsidiary of Hudson Bay Mining and Smelting Co., Limited is seeking a Regional Explor…
Meetings (May 17, 1999)
May 17, Copper Creek May 17, Highridge May 17, Hillsborough May 17, Int’l Savannah May 17, Pheasantback May 17, Tribute May 17, Viceroy May 18, Best Pacific May 18, Campbell May 18, Carmanah May 18, L…
OSC brings charges against Felderhof
Two years after Bre-X Minerals’ Busang gold deposit in Indonesia was revealed to be a fraud, securities regulators are laying charges against the company’s former vice-chairman, while police have ceas…
Cost-cutting Inco stays the course
Though encouraged by the recent buoyancy of nickel prices, Inco (N-T) remains determined to lower production costs as it strives to return to profitability.For the first quarter of 1999, Inco posted a…
Abacus expands La Manchuria project
Abacus Minerals (AMC-V) has tabled encouraging reverse-circulation drill results from its La Manchuria gold-silver project in southern Argentina.Drilling has delineated a 450-metre-long system contain…
Thundermin, Queenston tackle Duck Pond
Juniors Thundermin Resources (THR-T) and Queenston Mining (QMI-T) are teaming up to explore the Duck Pond polymetallic property in west-central Newfoundland.Comprising 11,796 ha and situated 30 km sou…