METAL PRICES (November 16, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateNov. 10Nov. 9Nov. 6Nov. 5…
Articles by Northern Miner Staff
Juniors find hurdles in property deal
The vendor is trading at 2 cents; the potential purchaser at 6 cents. The tough times for junior companies are not helping two companies conclude an agreement for the sale of a 50% interest in the Len…
Philex remains in the red
Plummeting production at its Philippine gold operations continues to plague Philex Gold (PGI-T), with the junior reporting yet another quarterly loss.For the three months ended Sept. 30, Philex lost U…
Meetings (November 16, 1998)
Nov. 16, IBI Nov. 16, Lytton Nov. 16, Wespac Nov. 17, Agau Nov. 17, Canmark Int’l Nov. 17, Gran Columbia Nov. 17, Orezone Nov. 17, Oro Nevada Nov. 17, Trivalence Nov. 17, X-Cal Nov. 18, Celestar Nov. …
AMT finds partner for Copper Creek
A partnership with the American unit of an Australian mining company sets the stage for AMT International Mining (AAI-T) to advance its Copper Creek project, northeast of Tuscon, Ariz.AMT and GTN Copp…
Nord weighs development options for Tritton
Based on the positive results of a feasibility study, Nord Pacific (NPF-T) is weighing the merits of two mining scenarios for its 50%-owned Tritton copper project in New South Wales, Australia.Fortuna…
Magnesium Alloy advances Kouilou project
A letter-of-intent agreement between Magnesium Alloy (MGAC.U-C) and engineering firm SNC-Lavalin paves the way for advanced studies on the former’s Kouilou magnesium project in the Republic of Congo.T…
Mine exceeds targets
Partners High River Gold Mines (HRG-T) and TVX Gold (TVX-T) expect that 1998 production from the New Britannia gold mine will exceed the target of 92,500 oz.The companies each own half of the undergro…
LETTERS TO THE EDITOR — Geostatistics credible, widely used
The editorial “Challenging Geostatistics” (T.N.M., Sept. 28-Oct. 4/98) contains many statements and implications with which I disagree. I restrict my comments here to the title and the general aim of …
LME WHSE LEVELS (November 16, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Nov. 10/98 (change from Nov. 3 in brackets):MetalStocks (tonnes)Change…
Richmont boasts record production
Thanks to record gold production and reduced cash costs, Richmont Mines (RIC-T) has enjoyed yet another strong quarter.For the three months ended Sept. 30, 1998, gold production reached a record high …
MINING MARKETS & INVESTMENT NEWS — Nasdaq boots Uranium Resources, welcomes Cornucopia
Uranium Resources (URIX-Q) is the latest casualty of the US$1 trading requirement of the Nasdaq board.The Dallas-based firm, which owns uranium properties in Texas and New Mexico, now has 90 days to r…