SPOT PRICES (December 21, 1998)
Wednesday December 16, 1998Price (US)Week’s ChangeGold*$292.55-$0.95Silver*$ 4.94…
Articles by Northern Miner Staff
LME WHSE LEVELS (December 21, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Dec. 15/98 (change from Dec. 8 in brackets):MetalStocks(tonnes)Change…
LETTERS TO THE EDITOR — Faulty software raises red flags for miners — Engineers should be involved in design process
I must commend Brian Hester for highlighting problems he has encountered using packaged software in geophysics (“Software can affect geostats,” T.N.M., Dec. 7-13/98).As a member of the Council of Prof…
TSE INDICES (December 21, 1998)
1998Dec. 15Dec. 14Dec. 11Dec. 10Dec. 9HighLowComp…
PRODUCER & DEALER PRICES (December 21, 1998)
Aluminium: LME settlements US$1,216, alloy US$1,037 per tonne (Dec. 15/98).Antimony: Representative mid-market US$1,295 per tonne (Dec. 1/98).Bismuth: Representative mid-market US$3.20 per lb. (Dec. 1…
INVESTMENT COMMENTARY — Weak junior resource market takes shine off Minefinders
Despite an updated resource estimate and a positive scoping study, the share price of Minefinders (MFL-T) has not kept step with the improving fundamentals of its Dolores gold-silver project in west-c…
DIAMOND PAGE — CORRECTION (December 21, 1998)
Our Insider Trading report of Dec. 7 reported that Robert Friedland had indirectly acquired 17.31 million shares in First Dynasty Mines (FDM-T) at 40 cents by converting an equivalent number of debent…
Beaufield drills near Ottawa
On the belief that the past-producing Calumet mine near Ottawa has undiscovered extensions, Beaufield Consolidated Resources (BFD-V) has agreed to acquire an interest in two adjoining properties.Immed…
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — TSE suffers mild setback, gold producers gain
The Toronto Stock Exchange 300 index fell 163.1 points during the report period Dec. 9-15, ending the week at 6,236.67.Gold producers regained some investor confidence, as the gold and precious metals…
NAME CHANGE (December 21, 1998)
Consolidated Sarabat Gold (CSB-V) has changed its name to CSG Resources (CSG-V) on a 1-new-for-3-old-share basis.
Radisson aims to buy gold deposits in Quebec
Under a letter-of-understanding with partner Breakwater Resources (BWR-T), Radisson Mining Resources (RDS-M) plans to purchase sole ownership of the O’Brien gold property and the adjacent Kewagama cla…
Placer makes bid for Getchell
Placer Dome (PDG-N) is poised to acquire all the outstanding shares of Getchell Gold (GGO-X) in a US$1.08-billion manoeuvre aimed at taking over the company’s underground operations in northern Nevada…