THE NORTHERN MINER (November 30, 1998)
SMALL PRODUCERS INDEX95.54 (-4.59)…
Articles by Northern Miner Staff
LME WHSE LEVELS (November 30, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Nov. 24/98 (change from Nov. 17 in brackets):MetalStocks (tonnes)Change…
GOLD FUNDS (November 30, 1998)
Gold Funds as of November 19, 1998BGRCentralNet Value$14.516.09Price$10.00…
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — Dow Jones breaks through 9,000 ceiling
Spurred by the third cut to interest rates this year, the Dow Jones industrial average surged during the Nov. 18-24 report period to an all-time high of 9,301.15 points. The average peaked at 9,374.27…
PRODUCER & DEALER PRICES (November 30, 1998)
Aluminium: LME settlements US$1,281, alloy US$1,072 per tonne (Nov. 24/98).Antimony: Representative mid-market US$1,295 per tonne (Nov. 24/98).Bismuth: Representative mid-market US$3.20 per lb. (Nov. …
TSE SHORTS (November 30, 1998)
Short positions outstanding at November 15, 1998Larger individual positions include: Abitibi Consolidated 1,138,990; Alcan Aluminium 1,358,606, up 274,401; Anderson Exploration 214,560; Asia Pacific R…
DIAMOND PAGE — Monopros cements presence
Monopros, the Canadian exploration arm of De Beers Consolidated Mines (DBRS-Q), is looking at Canadian diamond potential over the long haul.The company recently added an office in an east-Toronto subu…
Vizcachitas gets closer look
In a low-price environment, when second-quartile producers just aren’t good enough, many mining companies are forced to persuade bankers that their mines can still make money. The process is doubly ha…
Geomaque reports loss
Although production at its San Francisco gold mine was up by more than a third, Geomaque Exploration (GEO-T) was unable to turn a profit in the latest third quarter.The mine, in Mexico’s Sonora state,…
Minera Andes finds more gold in Patagonia
Exploration at the El Pluma/Cerro Saavedra property in southern Argentina has resulted in the discovery of another significant gold-silver zone for Minera Andes (MAI-A).Reconnaissance sampling has loc…
First Dynasty finds investor
Twin Star Holdings, part of the Sterlite group, has agreed to make a major investment in First Dynasty Mines (FDM-T), subject to due diligence and necessary approvals.The Sterlite group produces and p…
DIAMOND PAGE — K-14 diamond grade falls short
Diamond grades from the long-awaited processing of the K-14 bulk sample have proved disappointing for Ashton Mining of Canada (ACA-T).A 479-tonne sample collected by reverse-circulation (RC) drilling …