Partners cut production costs at New Britannia
Partners High River Gold Mines (HRG-T) and TVX Gold (TVX-T) report a drop in cash costs at their equally owned New Britannia gold mine in northern Manitoba.The underground operation turned out 24,660 …
Articles by Northern Miner Staff
MINING MARKETS & INVESTMENT NEWS – INSIDER TRADING — Farallon exec allows options to expire
Recent insider trading, as reported by the Ontario Securities Commission in its OSC Bulletin, includes the following transactions:* .TAmerica Mineral Fields (AMZ-T) — Mark Collins, director, was gran…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Western markets still spooked by Asia’s economic woes — International Taurus, Sur American among few to buck downward trend
The Vancouver Stock Exchange composite index took a nosedive during the report period ended Aug. 11, dropping 21.87 points, or 4.6%, to finish at 456.49. The mining index followed suit, plummeting 20….
PRODUCER & DEALER PRICES (August 17, 1998)
Aluminium: LME settlements US$1,291.50, alloy US$1,144 per tonne (Aug. 11/98).Antimony: Representative mid-market US$1,310 per tonne (Aug. 11/98).Bismuth: Representative mid-market US$3.55 per lb. (Au…
High grades add to Edwards’ potential
High-grade gold is always a boon to a producing mine, as appears to be the case for VenCan Gold (VCG-M), which owns the Edwards gold mine near Wawa, Ont.The underground mine is operated by River Gold …
Antares starts prefeasibility study at Ojolali
Junior Antares Mining & Exploration (ANZ-T) has begun a prefeasibility study of the Jambi zone at its Ojolali gold property in southern Sumatra, Indonesia.Fifty-eight infill holes will be drilled on 2…
Breakwater slips into red despite production boost
Low metal prices in the second quarter overshadowed Breakwater Resources’ (BWR-T) impressive gains in zinc, lead and silver production, pushing the company into the red.For the three months ended June…
LME WHSE LEVELS (August 10, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Aug.3/98 (change from July 27 in brackets):MetalStocks(tonnes)Change…
PRODUCER & DEALER PRICES (August 10, 1998)
Aluminium: LME settlements US$1,292, alloy US$1,155 per tonne (Aug. 4/98).Antimony: Representative mid-market US$1,280 per tonne (Aug. 4/98).Bismuth: Representative mid-market US$3.55 per lb. (Aug. 4/…
Newfoundland’s mineral shipments increase
The total value of mineral shipments from Newfoundland and Labrador is expected to total $1.02 billion this year, up from the 1997 preliminary total of $1.01 billion.Shipments of industrial minerals s…
MINING MARKETS & INVESTMENT NEWS — QUERY — Inmet offers to buy back shares
Based on the advice of CIBC Wood Gundy, the board of Inmet Mining (IMN-T) is urging shareholders to tender to the company’s recent offer to buy back up to 65 million of its shares at a 28% premium to …
GREATEST VALUE TRADED (August 10, 1998)
ExchgVal($000s)HighLowCloseChangeBarrick GoldT169…