TVI takes on partner
TVI Pacific (TVI-T) has signed up a partner to help explore its Rapu Rapu and Buenavista gold properties on the Philippine island of Luzon.A private Philippine company can a earn a 75% interest in eac…
Articles by Northern Miner Staff
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Gold sub-index gains despite metal’s retreat
The Oct. 21-27 report period saw a cooling-off in the autumn rally in gold and gold stocks, with the yellow metal sliding back $3.15 to US$293.75 per oz. on the London morning fix of Oct. 28. Nonethel…
Wheaton River keeps head above water
Junior producer Wheaton River Minerals (WRM-T) remains in the black, thanks to higher output and lower costs at its seasonal Golden Bear mine in northern British Columbia.For the nine months ended Sep…
TSE INDICES (November 02, 1998)
1998Oct. 27Oct. 26Oct. 23Oct. 22Oct. 21HighLowCom…
TSE SHORTS (November 02, 1998)
Short positions outstanding at October 15, 1998Larger individual positions include:Abitibi-Consolidated 1,056,644, up 75,600; Alcan Aluminium 1,227,872, down 75,794; Anderson Exploration 142,585; Arge…
GREATEST VALUE TRADED (November 02, 1998)
ExchgVol (000s)HighLowCloseChangePlacer DomeT2864…
SPOT PRICES (November 02, 1998)
Wednesday October 28, 1998Price (US)Week’s ChangeGold*$293.75-$3.15Silver*$ 5.06…
METAL PRICES (November 02, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateOct. 27Oct. 26Oct. 23Oct. 22…
Juniors examine Menarik
Juniors Canspar Resources (CSZ-M) and Pro-Or Mining Resources (POI-M) are joining forces to explore and develop the Menarik chromite-platinum-palladium project in the James Bay region of northern Queb…
IP targets tested at Munro
Partners Queenston Mining (QMI-T) and Franco-Nevada Mining (FN-T) have begun drilling geophysical targets at the their Munro property near Kirkland Lake, Ont.Eight holes totalling 2,740 metres will te…
Rio Tinto buys coal mine
Rio Tinto (RTP-N) has agreed to buy an 80% stake in an Australian coal mine from Atlantic Richfield for US$150 million.Rio’s operating subsidiary, Pacific Coal, expects to reopen the Gordonstone mine …
Cyprus Amax places coal subsidiary on block
In an effort to eliminate debt, Cyprus Amax Minerals (CYM-N) is seeking a buyer for its coal subsidiary.Cyprus Amax Coal Co. is one of the leading coal producers in the U.S., with operations in Pennsy…