SPOT PRICES (October 12, 1998)
Wednesday October 7, 1998Price (US)Week’s ChangeGold*$298.85+$4.75Silver*$ 5.13…
Articles by Northern Miner Staff
Careers (October 12, 1998)
Gold Fields LimitedGold Fields Ghana, a subsidiary of Gold Fields Limited, which is one of the largest gold producers in the world, has achieved full production at 300000 tons ore per month in the pla…
Cumberland drilling expands Third Portage
Interim drill results from the Meadowbank gold project in Canada’s Far North has expanded the eastern, near-surface portion of the Third Portage deposit, a potential open-pit mine.The Meadowbank proje…
Meetings (October 12, 1998)
Oct. 13, Icelandic Gold Oct. 13, Tullaree Oct. 14, Loubel Oct. 14, Mar-West Oct. 14, United Gunn Oct. 15, Brimstone Oct. 15, Chalice Oct. 15, Kelnick Oct. 15, Pacific Rim Oct. 15, Telford Oct. 15, Wes…
Royal Oak plans $81-m writedown
Royal Oak Mines (RYO-T) plans to take a pretax, US$81-million writedown as a result of lacklustre gold prices and restrictions on its ability to hedge gold production.Using a gold price of US$300 per …
EDITORIAL & OPINION — FACTS ‘N’ FIGURES — Alaskan mining sector strengthens
Exploration, development and production spending in Alaska topped $1.2 billion in 1997, up from $1 billion in 1996, according to figures released by the Department of Natural Resources.The report, ent…
Viceroy drills Argentine target
Viceroy Resource (VOY-T) has begun drilling at the Gualcamayo project in the western Argentine province of San Juan.The Vancouver-based producer has three drill rigs on the Quebrada del Diablo prospec…
Goldcorp feasibility shows drop in costs — Mine could produce from new zones at US$88 per oz.
Results of a feasibility study commissioned by Goldcorp (G-T) show that the new high-grade zones at the Red Lake mine in Balmertown, Ont., could be mined at cash costs of below US$100 per oz.The high-…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Gold remains a haven amid global uncertainty — Nickel dives to 11-year low as base metal majors slump
Market anxiety continued to reign during the Sept. 30-Oct. 6 report period as the economic crisis gripping Asia and Russia threatened to take hold in Latin America. The Group of Seven most-industriali…
Royalty twins pick up Romarco’s Midas play
Franco-Nevada Mining (FN-T) and Euro-Nevada Mining (EN-T) have tightened their grip on the Midas district in northern Nevada by acquiring the properties of Romarco Minerals (R-T) in a stock deal value…
Magadan, firms set exploration budgets
The regional government of Magadan in northeastern Russia has budgeted $14 million for the exploration of new gold deposits in 1999.The government intends to spend $11.4 million in the search for hard…
LETTER TO THE EDITOR — The evolution of geostatistics
Jim Whyte’s recent article (“Recent history reveals trends in mine failures”, T.N.M., Sept. 28-Oct. 4/98) was an interesting read, even more so when I came across my name and quotes from a 1991 articl…