Juniors target PGEs at Wolf Mountain property
The potential for discovering platinum group elements (PGE) in the backwoods of northern Ontario has attracted the attention of East West Resources (EWR-V) and Canadian Golden Dragon Resources (CGG-V)…
Articles by Northern Miner Staff
MINING MARKETS & INVESTMENT NEWS – U.S. MARKETS — Dow’s 10K bid loses steam
After flirting with the 10,000 mark for more than a week, the Dow Jones industrial average fell 258.64 points, or 2.6%, to close at 9,671.83 for the report period ended March 23. The loss was primaril…
Etruscan finances Samira project
A US$3.5-million financing will allow Etruscan Resources (EET-T) to complete a feasibility study of the Samira Hill gold project in Niger, West Africa.The funds were provided by RMB Resources, a unit …
MOST ACTIVE ISSUES, March 17-23
ExchgVol (000s)HighLowCloseChangeInco LtdT1068122.9020.9020.95-1.15Barrick GoldT900528.4527.1027.30-0.20Placer DomeT744618.3017.2517.40-0.60Nuinsco ResT71612.841.521.90-0…
Normandy buys out Inmet stake in Ovacik, Perama
Inmet Mining (IMN-T) has signed a letter-of-intent to sell its interests in two gold projects to joint-venture partner Normandy Mining (NDY-T).For a total of $43 million, Inmet will sell its 33.3% int…
OSC levels insider trading charge against Harper
The Ontario Securities Commission has laid Securities Act charges against the president of Golden Rule Resources (GNU-T), Glen Harper, accusing him of trading on undisclosed inside information.The cha…
Myra Falls mine back on-stream — Backfilling, new bolting pattern to improve ground conditions
Satisfied with rehabilitation work on its underground mine, Boliden (BOL-T) has resumed production at the Myra Falls zinc-copper operation on Vancouver Island.The company had suspended production in D…
Sunshine posts quarterly loss
Despite higher silver production, Sunshine Mining & Refining (SSC-N) posted a net loss for the fourth quarter of 1998.The company reported a loss of US$3.8 million, compared with a loss of US$3.1 mill…
PEOPLE — ITL Capital
Robert Paul appointed director, James Pettit appointed secretary.
PEOPLE — Latitude Minerals (March 29, 1999)
Robert Kolt appointed director.
PEOPLE — Thunder Sword
Stephen Mellows appointed director.
Francisco expands at El Sauzal property — New study suggests lower capital, operating costs
Francisco Gold (FGX-V) has pulled encouraging values from diamond drilling at its El Sauzal project in Mexico’s Chihuahua state.The junior recently drilled five stepout holes along the southwestern fl…