SPOT PRICES (November 16, 1998)
Wednesday November 11, 1998Price (US)Week’s ChangeGold*$293.60+$3.50Silver*$ 4.99…
Articles by Northern Miner Staff
GOLD FUNDS (November 16, 1998)
Gold Funds as of November 5, 1998BGRCentralNet Value$14.495.87Price$10.75…
DIAMOND PAGE — Trivalence reports snags at Aredor mine property
Although hampered by heavy rains and a high sand content, Trivalence Mining (TMI-V) managed to recover 4,783 carats of diamonds from its Guinean concession in the third quarter.More than 129,000 tonne…
Saskatchewan gold mine yields profits for Claude
The Seabee gold mine in Saskatchewan’s La Ronge district continues to generate operating profits for Claude Resources (CRJ-T).The Saskatoon-based company posted operating earnings of $1.8 million for …
Rio Narcea extends gold zone in northern Spain
Drilling at the El Valle mine in northern Spain is expanding high-grade gold mineralization in the recently discovered Sienna zone.The southernmost of the 13 holes that have penetrated the zone so far…
Gitennes outlines drill targets in Peru
Gitennes Exploration (GIT-T) has outlined two bedrock targets at its Azul joint-venture gold project in east-central Peru.The two targets, dubbed Negro and Yuyapichis, are near the upper portion of th…
Kennecott finds third kimberlite in Alberta
Kennecott Canada Exploration has intersected a third kimberlite body on the Legion property in northeastern Alberta while drill-testing the Dragon target.Kimberlite material was intersected at a depth…
Mountain Lake drills gold at Valentine Lake property
A first phase of drilling at the Valentine Lake gold property in central Newfoundland has returned encouraging results for operator Mountain Lake Resources (MOA-V).Mountain Lake is earning a half-inte…
Companies (November 09, 1998)
American CopperAnglogoldAntares Mining & ExplorationAnzex ResourcesAranlee ResourcesArgentina GoldArizona Star ResourceAscot ResourcesBalaclava MinesBarrick GoldBattle Mountain GoldBema GoldBlack Hawk…
Placer Dome bucks trend by posting strong earnings — Cortez, Granny Smith mines among most impressive performers
Sustained cost reduction, higher gold production and strong hedging revenues resulted in a strong third quarter for Placer Dome (PDG-T).Net earnings for the three months ended Sept. 30 were US$33 mill…
MINING MARKETS & INVESTMENT NEWS — NEWS ROUNDUP — MSV sells royalty for $30 million
Montreal-based MSV Resources (MSV-T) has closed the sale of a royalty interest on future production at its Copper Rand 5000 and Corner Bay copper-gold projects in Quebec’s Chibougamau camp.A private i…
THE NORTHERN MINER — SMALL PRODUCERS INDEX (November 09, 1998)
91.23 (-7.41)(Sept 30/98 = 100)…