SETTING NEW STANDARDS — Questions & Answers
Q1.We realize that the final report will not be ready until sometime early next year. However, could you comment on the general response to the report and its key recommendations? Will these comments…
Articles by Northern Miner Staff
Huge South African gold project could double Placer Dome reserves — US$235m deal part of plan to boost company to No. 1, says Willson
Placer Dome (PDG-T) has reached an agreement with Johannesburg-based Western Areas to acquire a 50% operating interest in a property in the Witwatersrand district of South Africa.The property contains…
Inter-Rock remains in the red
Inter-Rock Gold (IRO-T) continues to operate in the red, having lost $388,000 in the three months ended Sept. 30, compared with $369,000 in the similar period of 1997.Losses in the first nine months o…
Cumberland finances work
Junior Cumberland Resources (CBD-T) has closed a non-brokered private placement of 1.5 million units priced at $1.70 each for net proceeds of $2.4 million.Resource Capital Fund subscribed to 1 million…
DIAMOND PAGE — Namibian Minerals adds to diamond output
Namibian Minerals (NMR-T) is expanding alluvial diamond production at its Luderitz Bay concession off the coast of Namibia.Production capacity in the NamSSol II marine mining system will be increased …
Aur aims to buy stake in Zaldivar copper mine
Aur Resources (AUR-T) has reached a deal with Outokumpu Base Metals to acquire the Finnish major’s half-interest in the Zaldivar open-pit copper mine in Chile.For US$265 million in cash and the assump…
Monywa bolsters Indochina Goldfields — Copper producer could expand to 35,000 tonnes per year
Cash flow from the Monywa copper project in west-central Myanmar is enabling Indochina Goldfields (ING-T) to claw its way toward profitability.For the first nine months of 1998, IG reported a loss of …
Nelson Gold stays afloat despite rough third quarter
Despite failing to turn a third-quarter profit, Nelson Gold (NLG-T) is benefiting from an expansion program at its 44%-held mine in Tajikistan.The London, England-based company earned US$575,000 on re…
Aurizon finds more gold (December 07, 1998)
Aurizon Mines (ARZ-T) continues to hit long gold intersections in the West Mine zone of the Casa Berardi mine in northwestern Quebec.Surface holes have intersected a gold-bearing zone at a depth of 60…
TSE INDICES (December 07, 1998)
1998Dec. 1Nov. 30Nov. 27Nov. 26Nov. 25HighLowComp…
Prime accepts Homestake offer
Shareholders of Prime Resources Group (PRU-T) have accepted Homestake Mining’s (HM-N) offer to acquire the 49.9% of Prime it does not already own.Homestake Chairman Jack Thompson says the transaction …
GOLD FUNDS (December 07, 1998)
Gold Funds as of November 26, 1998BGRCentralNet Value$14.275.96Price$10.50…