SPOT PRICES (December 14, 1998)
Wednesday December 9, 1998Price (US)Week’s ChangeGold*$293.50-$0.40Silver*$ 4.82…
Articles by Northern Miner Staff
Ararat exceeds expectations
In November, First Dynasty Mines (FDM-T) produced 2,500 oz. gold equivalent from its Ararat tailings recovery project in Armenia.The project is operating 25% above design capacity, recovering 17% more…
MINING MARKETS & INVESTMENT NEWS – U.S. MARKETS — Producers under siege
The Dow Jones industrial average lost 105.56 points during the report period ended Dec. 8, closing at 9,027.98.Copper and silver issues early in the week fell in line with dropping oil prices, hitting…
PRODUCER AND DEALER PRICES (December 14, 1998)
Aluminium: LME settlements US$1,262, alloy US$1,053 per tonne (Dec. 8/98).Antimony: Representative mid-market US$1,295 per tonne (Dec. 1/98).Bismuth: Representative mid-market US$3.20 per lb. (Dec. 1/…
GOLD FUNDS (December 14, 1998)
Gold Funds as of December 3, 1998BGRCentralNet Value$13.905.80Price$9.65$…
TSE INDICES (December 14, 1998)
1998Dec. 8Dec. 7Dec. 4Dec. 3Dec. 2HighLowComposit…
Tanqueray picks up ground
Tanqueray Resources (TQY-A) has staked a 25,825-acre claim block in the MacKay Lake area of the Mackenzie district in the Northwest Territories.The property block is 70 km south of the producing Ekati…
Goldbar to acquire Dufferin
A share deal worth $1.6 million has enabled Newfoundland Goldbar Resources (NFGB-C) to acquire the Dufferin gold property in Nova Scotia.The company picked up the property by purchasing all the shares…
Partners find new zone at Dubenski gold property
Avalon Ventures (AVL-V) and Consolidated Westview Resource (CWS-V) have discovered a new gold zone on the East Cedartree portion of their joint-ventured Dubenski project near Kenora, Ont.As part of an…
DIAMOND PAGE — American Gem settles with feds
Toronto-based American Gem (AAGM-C) has agreed to pay the U.S. government US$150,000 to settle an investigation into the company’s claim-staking practices between 1994 and 1997.The government was inve…
Northair drills for silver at Venturina
A first round of drilling of the Venturina gold-silver target in the northern Mexican state of Chihuahua has returned mixed results for International Northair Mines (INM-V).The Vancouver-based junior …
Careers (December 14, 1998)
NORTHERN COLLEGEINTERNAL / EXTERNAL POSTINGPOSITION: Principal…