TSE INDICES (November 23, 1998)
1998Nov. 17Nov. 16Nov. 13Nov. 12Nov. 11HighLowCom…
Articles by Northern Miner Staff
DIAMOND PAGE — DIAMOND NEWS ROUNDUP — Glenmore spared legal action
Legal action filed against Glenmore Highlands (GMH-V) by two people claiming to be shareholders has been dropped.The claim sought to force Glenmore, which owns an interest in the AK and CJ diamond pro…
SPOT PRICES (November 23, 1998)
Wednesday November 18, 1998Price (US)Week’s ChangeGold*$294.40+$0.80Silver*$ 4.96…
Metallica pulls in horns
The curtailment of exploration staff in South America and the writedown of deferred exploration costs have resulted in a net loss of US$570,000 for Metallica (MR-T) in the 1998 third quarter.The Denve…
METAL PRICES (November 23, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateNov. 17Nov. 16Nov. 13Nov. 12…
Anzex president removed prior to annual meeting
A final showdown between the board of directors of Anzex Resources (AZX-V) and its former president will play out at the company’s annual general meeting next month.At the centre of the dispute are th…
Exall shines in third quarter
Junior producer Exall Resources (EXL-T) enjoyed a profitable third quarter, netting $801,031 in the three months ended Sept. 30, compared with net losses of $148,552 in the comparable period of 1997.T…
DIAMOND PAGE — DIAMOND NEWS ROUNDUP — Inquiry to report on mine disaster
Work at a kimberlite pipe on the Tswapong property in Botswana has been halted after sampling indicated uneconomic diamond content.Owner Botswana Diamondfields (BWD-V) has since closed its field offic…
DIAMOND PAGE — DIAMOND NEWS ROUNDUP — Ocean Diamond meeting targets
Production at operations owned by South African-based Ocean Diamond Mining Holdings are expected to meet projections.For the 6-month period ended Sept. 30, the company, produced 31,401 carats from the…
DIAMOND PAGE — Winspear finances work program
Diamond explorer Winspear Resources (WSP-V) has arranged a private placement of up to 5 million units. The placement consists of 2 million non-flow-through units priced at $2 each and 3 million flow-t…
Royalty twins see mixed earnings
Lower gold prices have left Franco-Nevada Mining (FN-T) with lower earnings for the 6-month period ended Sept. 30, compared with the corresponding period of 1997, whereas sister company Euro-Nevada Mi…
CORRECTION (November 23, 1998)
The Tarmoola gold mine in Australia is owned and operated by Pacific Mining, a public company listed on the Australian stock exchange, rather than Teck (TEK-T), as reported in our issue of Nov. 2-8. H…