LME WHSE LEVELS (February 01, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan. 19/99 (change from Jan. 12 in brackets):MetalStocks (tonnes)Change…
Articles by Northern Miner Staff
GOLD FUNDS (February 01, 1999)
Gold Funds as of January 21, 1999BGRCentralNet Value$14.015.90Price$9.25$…
Careers (February 01, 1999)
Luscar Ltd’s recent growth through an acquisition has created new opportunities at its Edmonton head office. These positions present opportunities to work in a challenging and dynamic environment with…
Companies (February 01, 1999)
Aber ResourcesAmerica Mineral FieldsAnglo AmericanArgentina GoldArmistice ResourcesAzco MiningBarrick GoldBlackrock VenturesBlackstone ResourcesConsolidated Trilogy VenturesDe Beers Consolid…
AFRICA — Ashanti pays off financing, holds down debt
Through a restructuring of its hedging policy, Ashanti Goldfields (AHD-T) has paid off project financing at its two newest gold mines.The Ghana-based company closed out forward sales and put options, …
AFRICA — East Africa extends Nyakafuru mineralization
Drilling by East Africa Gold (EAG-V) has extended mineralization below the resources known to exist at the Nyakafuru gold property in the Lake Victoria Goldfields district of northwestern Tanzania.The…
AFRICA — South African gold miners compete with North American cousins
Dramatic restructurings at Anglogold (AU-N) and Gold Fields (GLDFY-O) suggest that South African companies are challenging their North American counterparts for dominance in the international gold sec…
Noveder resumes drilling at Cabot property
With cash in hand from a recent financing, Noveder (NED-M) has resumed drilling at its Cabot copper-cobalt property in the Baie Verte region of northwestern Newfoundland.The junior raised $550,000 in …
Freeport increases earnings
Record quarterly sales for copper and gold produced at its Grasberg operation in Indonesia enabled Freeport-McMoRan Copper & Gold (FCX-N) to boost earnings during the last three months of 1998.Freepor…
Searchgold finds it in Gabon
Drilling by Searchgold Resources (RSG-M) has increased the resource at its Bakoudou gold deposit in southeastern Gabon.Prior to Searchgold’s program, which ended in October 1998, the deposit was drill…
MOST ACTIVE ISSUES (February 01, 1999)
ExchgVol(000s)HighLowCloseChangeNuinsco ResT15953…
MINING MARKETS & INVESTMENT NEWS – WESTERN MARKETS — Argentina Gold a mover and shaker on western market
The Vancouver Stock Exchange composite index lost 3.49 points, or 0.8%, to close the week ended Jan. 26, at 418.73. The mining index pushed forward, gaining 2.07 points, or 0.7%, and finished at 310.3…