Pure Gold arranges financing
Diamond explorer Pure Gold Minerals (pug-t) has arranged a private placement of 2 million units priced at 25 cents each. The financing is expected to raise gross proceeds of $500,000.Each unit will co…
Articles by Northern Miner Staff
LME WHSE LEVELS (August 31, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Aug. 24/98 (change from Aug. 17 in brackets):MetalStocks(tonnes)Change…
Producer and Dealer Prices (August 31, 1998)
Aluminium: LME settlements US$1,328, alloy US$1,142 per tonne (Aug. 25/98).Antimony: Representative mid-market US$1,250 per tonne (Aug. 25/98).Bismuth: Representative mid-market US$3.50 per lb. (Aug. …
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Slumping prices hurt producers
The Dow Jones Industrial average fell 112 points (or 1.3%) during the report period ended Aug. 25, closing at 8,602.65.Slumping commodity prices, particularly for copper, continued their downward pres…
TSE INDICES (August 31, 1998)
1998Aug. 25Aug. 24Aug. 21Aug. 20Aug. 19HighLowCom…
Manalta drops poison pill defence
Luscar again revises bid for country’s largest coal producer Manalta Coal Income Trust has lifted a unit-holders’ rights plan adopted to delay a hostile takeover by Luscar Coal Income Fund after that …
MINING MARKETS & INVESTMENT NEWS — More woe for Crystallex
A second law firm has filed a class-action suit against Crystallex International (KRY-T), a former high-flyer that crashed and burned after a Venezuelan court dismissed its purported effort to “enforc…
Study gives thumbs-up to Nord in PNG
Albuquerque-based Nord Pacific (NPF-T) has concluded that the proposed Simberi Island gold mine in Papua New Guinea (PNG) can make money.Results from an in-house update of a previous feasibility study…
DIAMOND PAGE — Nora tests Namibian concession
A marine diamond concession on the western coast of southern Africa has provided a new focus for Nora Exploration (nxi-m), a Montreal-based junior involved in several diamond projects in Africa.Earlie…
Moris mine keeps Manhattan in the black
Gold production at the Moris mine in northern Mexico enabled Manhattan Minerals (MAN-T) to post earnings of $199,000 (or 1 cents per share) on revenue of $4.8 million for the first six months of 1998….
PRODUCER & DEALER PRICES (August 24, 1998)
Aluminium: LME settlements US$1,311, alloy US$1,148 per tonne (Aug. 18/98).Antimony: Representative mid-market US$1,310 per tonne (Aug. 18/98).Bismuth: Representative mid-market US$3.50 per lb. (Aug. …
NEWS ROUNDUP — Moss seeks advanced-stage projects
With exploration under way in Ontario’s Timmins camp, Moss Resources (MRS-T) says it plans to acquire advanced-stage gold and base metal projects that have the potential to become near-term producers….