Anglogold dazzles NY market
Anglogold (AU-N), the world’s largest gold producer, literally roared on to the New York Stock Exchange with the help of a lion named Arthur.The 800-lb. mascot, which represents the company’s new logo…
Articles by Northern Miner Staff
TSE INDICES (September 14, 1998)
1998Sept.8Sept.7Sept.4Sept.3Sept.2HighLowComposit…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Tide begins to turn for beleaguered eastern markets — Placer Dome, Barrick among majors to benefit from renewed confidence
Reports during the Sept. 2-8 report period that U.S. interest rates may soon be lowered translated into a near-reversal of last week’s market turmoil, with the Toronto Stock Exchange 300 index rising …
GOLD FUNDS (September 14, 1998)
Gold Funds as of September 3, 1998BGRCentralNet Value$12.63$5.79Price$8.50…
MINING MARKETS & INVESTMENT NEWS — Montreal, Vancouver list homegrown copper explorers
Matemec Explorations (MAT-M), a junior searching for base metals on Quebec’s North Shore, has been called for trading on the Montreal Exchange.The company’s initial public offering raised $716,000 thr…
GREATEST VALUE TRADED (September 14, 1998)
ExchgVal($000s)HighLowCloseChangeBarrick Gold…
DIAMOND PAGE — DIAMOND NEWS ROUNDUP — Namco boosts output in Namibia
Operator Namibian Minerals (NMR-T) produced 30,300 carats of alluvial diamonds from the Luderitz Bay concession in its latest quarter, ended Aug. 31, up from the 25,900 carats produced in the previous…
DIAMOND PAGE — American Gem inks distribution deal
Toronto-based American Gem (GEM-V) has signed an agreement granting Gupta Gemhouse the right to become the exclusive distributor of its existing sapphire inventory and future production from the Gem M…
NEWS ROUNDUP — Goldcorp boosts Red Lake reserves
Ongoing definition drilling has enabled Goldcorp (G-T) to report a 47% increase in high-grade reserves at its Red Lake gold mine in northwestern Ontario.High-grade, probable reserves are calculated at…
LME WHSE LEVELS (September 14, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Sept. 8/98 (change from Sept. 1 in brackets):MetalStocks (tonnes)Change…
Adrian, Skyline form JV in Peru
Adrian Resources (ADL-T) and International Skyline Gold (SK-T) will acquire a 63% and a 27% interest, respectively, in the Picuda copper-oxide property in southern Peru.In return, Adrian must pay the …
Falco curtails D.R. production
Ongoing weakness in world nickel markets has prompted a unit of Falconbridge (FL-T) to curtail production from its 85.26%-owned ferronickel operation in the Domincan Republic.During the 3-month shutdo…