Energold drilling at Longyear
Energold Mining (EGD-V) has begun a first phase of drilling at its Longyear concession in the Dominican Republic.The program is designed to test the oxide gold potential of a northwesterly trending, 3…
Articles by Northern Miner Staff
Claude sizes up new zone
Drilling in the footwall at the Madsen gold mine in Red Lake, Ont., has intersected a gold-bearing structure similar to the producing Austin zone.Claude Resources (CRJ-T) drilled 144 holes totalling 1…
Phelps Dodge posts loss
Continued low copper prices dragged down earnings for Phelps Dodge (PD-N) in the last quarter of 1998.The company reported a fourth-quarter loss of US$9.8 million (or 17 cents per share) before non-re…
Morgain cuts gold in Mexico
Toronto-based Morgain Minerals (MGM-V) has drilled several long gold intersections at its new San Francisco mine property, near Cucurpe in Mexico’s Sonora state.The junior has received assay results f…
Armada sells Erdmin
Armada Gold (AAU-T) has sold its 49% interest in the Erdmin solvent extraction-electrowinning copper project in Mongolia.A private American company will pay US$3 million over the next three years and …
Eastmain funds program
Acting on the principle that two treasuries are better than one, Eastmain Resources (ER-T) has joined forces with another junior to explore its Tingley Brook base metal property in New Brunswick’s Bat…
MINING & OPINION — Mining towns lobby Ottawa — Reintroduce MEDA
Almost every North American geologist, mining executive and research analyst has one. Some have two or more white-knuckle stories to tell about their ventures into foreign lands. Few, however, are as …
Troubles halt McClean Lake
The Atomic Energy Control Board’s decision to defer approval of a tailings management facility at the McClean Lake uranium project in northern Saskatchewan has caused project operator Cogema Resources…
Golden Knight, Repadre Capital tie knot
An agreement between Golden Knight Resources (GKR-T) and Repadre Capital (RPD-T) sets the stage for their consolidation.The proposed merger would see one share of Golden Knight exchanged for 0.125 of …
PRODUCER & DEALER PRICES (January 25, 1999)
Aluminium: LME settlements US$1,220, alloy US$1,021 per tonne (Jan. 19/99).Antimony: Representative mid-market US$1,170 per tonne (Jan. 19/99).Bismuth: Representative mid-market US$3.05 per lb. (Jan. …
Gold’s future impossible to predict — Long shots for increase include dismal greenback, bad banks
Anyone counting on a resurgence in the price of gold in 1999 may want to reconsider. London-based research firm Gold Fields Mineral Services predicts the yellow metal will continue to trade between US…
LME WHSE
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan. 19/99 (change from Jan. 12 in brackets):MetalStocks (tonnes)Change…