Juniors to drill Batchawana
Fort Knox Gold Resources (FNX-T) and Aurogin Resources (AUQ-V) are collaborating on a diamond drill program at the later’s Batchawana polymetallic property near Sault Ste. Marie, Ont.By year-end, betw…
Articles by Northern Miner Staff
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…
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$150 million.Rio’s operating subsidiary, Pacific Coal, expects to reopen the Gordonstone mine …
IP targets tested at Munro
Partners Queenston Mining (QMI-T) and Franco-Nevada Mining (FN-T) have begun drilling geophysical targets at the their Munro property near Kirkland Lake, Ont.Eight holes totalling 2,740 metres will te…
Juniors examine Menarik
Juniors Canspar Resources (CSZ-M) and Pro-Or Mining Resources (POI-M) are joining forces to explore and develop the Menarik chromite-platinum-palladium project in the James Bay region of northern Queb…
METAL PRICES (November 02, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateOct. 27Oct. 26Oct. 23Oct. 22…
SPOT PRICES (November 02, 1998)
Wednesday October 28, 1998Price (US)Week’s ChangeGold*$293.75-$3.15Silver*$ 5.06…
GREATEST VALUE TRADED (November 02, 1998)
ExchgVol (000s)HighLowCloseChangePlacer DomeT2864…
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…
TSE INDICES (November 02, 1998)
1998Oct. 27Oct. 26Oct. 23Oct. 22Oct. 21HighLowCom…
DIAMONDS — Chronology of Ekati
* 1983 — Chuck Fipke forms Dia Met Minerals.* 1989 — Fipke finds traces of diamond indicator minerals near Lac de Gras in the Northwest Territories. He proceeds to stake claims in the area.* 1990 –…
Newmont anticipates boost at Yanacocha
Extensive drilling at Peru’s Yanacocha mine, South America’s largest gold mine, is expected to boost gold reserves considerably.The mine’s operator and 51%-owner, Newmont Mining (NEM-N), predicts that…