Revenue, profits down for royalty sisters
The money kept rolling in for both Franco-Nevada Mining (FN-T) and Euro-Nevada Mining (EN-T) during the last fiscal quarter, though the low gold price did take a bite out of both companies’ bottom lin…
Articles by Northern Miner Staff
Russian diamond output stalls as new projects proposed
The Yakutia region of northeastern Russia produced cut and polished diamonds worth US$20 million in the first half of 1998.As a result of a shortage of rough diamonds, Tuimaada Diamond, the region’s l…
Luscar extends Manalta buyout offer — Manalta takes loan in hopes of keeping unit-holders on side
Luscar Coal Income Fund has revised its original offer to unit-holders of Manalta Coal Income Trust in its bid to take over Canada’s largest coal producer.Luscar has extended its offer to Aug. 28 and …
MINING MARKET & INVESTMENT NEWS — INSIDER TRADING — Fund expands holding in DiamondWorks
Roberston Stephens Investment Management, a large fund with numerous mining and mineral exploration interests, has increased its holdings in DiamondWorks (DMW-V). The fund, which is required to report…
MINING MARKET & INVESTMENT NEWS — NEW LISTINGS — Newly listed Pickle Crow sets sights on past producer
Vancouver-based Pickle Crow Resources (PKL-A) is now listed on the Alberta Stock Exchange, having picked up $700,000 by way of an initial public offering of 2 million shares at 35 cents each.The compa…
GREATEST VALUE TRADED (August 24, 1998)
ExchgVal($000s)HighLowCloseChangeNoranda IncT1239…
MOST ACTIVE ISSUES (August 24, 1998)
ExchgVolume(000s)HighLowCloseChangeNoranda IncT60…
MINING MARKET & INVESTMENT NEWS — EASTERN MARKETS — Eastern markets rebound from previous week’s slump
The markets enjoyed a rebound during the Aug. 12-18 report period, with the Toronto Stock Exchange 300 composite index regaining more than half of the previous week’s losses, climbing 3.2% to 6,517.68…
MINING MARKET & INVESTMENT NEWS — WESTERN MARKETS — Signs of bear market visible on western horizon
In recent months, the Vancouver Stock Exchange indices have been wandering deeper and deeper into bear territory. The trend continued during the report period ended Aug. 18: the composite index lost 7…
DIAMOND PAGE — Golconda eyes California gems
A sampling program by Golconda Resources (GA-A) will test claims in northern California deemed prospective for diamonds.The junior recently signed an agreement to acquire the claims, which cover an ol…
DIAMOND PAGE — Trivalence drills recover diamonds
Junior Trivalence Mining (tmi-v) is encouraged by results from drilling carried out on the K-7 kimberlite, which is currently the focus of attention at the Aredor diamond concession in Guinea, West Af…
Copper Hill plans program
Exploration work will continue this year at the Tim’s Cove gold-tungsten polymetallic project near Gander Bay, Nfld. Operator Copper Hill (CUHL-C) plans to carry out geophysical surveys, geochemical s…