VenCan seeks remedy in Edwards dispute
Operator River Gold Mines (riv-t) says the Edwards mine, northeast of Wawa, Ont., sustained a loss last year. The mine’s owner, VenCan Gold (VCG-M), believes the operation generated a profit of at lea…
Articles by Northern Miner Staff
Minroc eyes Kanyemba
Clifford Frame’s Minroc Mines (MN-T) is acquiring a half-interest in the Kanyemba uranium-vanadium project in Zimbabwe from Toronto-based junior Cline Mining (CMK-V).Minroc will pay Cline 1.5 million …
Francisco boosts Sauzal resource
Junior Francisco Gold (FGX-V) has increased the indicated resource estimate at its wholly owned El Sauzal project in northern Mexico. The gold resource has grown by 370,000 ounces, or 12.5%, and now s…
Sea’s bounty focus of conference
The Underwater Mining Institute will hold its annual conference from Oct. 21 to 24 at the Days Inn in downtown Toronto.Technical sessions will feature discussions of diamond and metal recovery from th…
Bolivar producing at Tomi mine
By year-end, some two months ahead of schedule, Bolivar Goldfields (BVG-T) expects to have completed fine-tuning of the mill and achieved full production at its newly commissioned Tomi gold mine in Ve…
MINING MARKETS & INVESTMENT NEWS — Low prices drive producers to buy back shares
With weak copper and gold prices sending shares of producers to their lowest levels in years, some companies are diving into the bargain-basement equity market to buy back their own shares.As the Dow …
EDITORIAL & OPINION — FACTS ‘N’ FIGURES — Gold gains some lustre in Asia
The Asian economic crisis has continued to have an adverse effect on gold demand in those markets, with the exception of Vietnam. However, gold consumption turned positive in the second quarter as dem…
LETTERS TO THE EDITOR — National QP standards a must
I couldn’t agree more with Ben Ainsworth’s letter (T.N.M., Aug. 31-Sept. 6/98) advocating a national standard for those of us who might be classified as “Qualified Persons.” The current state of affai…
MOST ACTIVE ISSUES (September 14, 1998)
ExchgVol(000s)HighLowCloseChangePlacer DomeT15816…
MINING MARKETS & INVESTMENT NEWS – WESTERN MARKETS — Western markets take step on road to recovery — Polymet, Auspex, Int’l Vestor witness boost in price of shares
The Vancouver Stock Exchange composite index hurtled over the 400 level, making a comeback from last week’s carnage. The index gained 19.53 points, or 5%, to close at 408.39 over the holiday-shortened…
PRODUCER AND DEALER PRICES (September 14, 1998)
Aluminium: LME settlements US$1,355, alloy US$1,160 per tonne (Sept. 1/98).Antimony: Representative mid-market US$1,250 per tonne (Aug. 25/98).Bismuth: Representative mid-market US$3.45 per lb. (Sept….
METAL PRICES (September 14, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateSept. 8Sept.7Sept.4Sept.3…