Crown Butte shareholders approve New World sale
Already old news, the once-promising New World gold project has taken another step on the road to oblivion.New World owner Crown Butte Resources (CBL-T) reports that its shareholders have approved the…
Articles by Northern Miner Staff
METAL PRICES — Daily Metal Prices (June 15, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateJune 9June 8June 5June 4June 3…
NEVADA AND THE WESTERN STATES — Diehard Abitibi explorer gets its feet wet in Nevada — Boreal picks up option on property north of Round Mountain
Leaving the swamps and black flies of the Canadian Shield behind, Boreal Exploration (BOR-M) has inked a deal with a private company to take over an advanced gold exploration property in west-central …
Dayton chairman responds to shareholder revolt
In a letter to shareholders, Chairman Roland Horst described Dayton Mining (DAY-T) as being “on the right course,” and asked for support against a challenge posed by minority shareholder Manchester Se…
MINING MARKETS & INVESTMENT NEWS — TSE drops Dakota Mining, welcomes Platexco
Trading in Dakota Mining has been halted on the Toronto Stock Exchange (TSE) as a result of the company’s failure to file its annual financial statements.The Denver-based company has been battling ins…
FACTS ‘N’ FIGURES — Platinum’s wild ride not over
The erratic pattern of Russian platinum sales is likely to be the chief factor affecting the metal’s price in 1998, according to a report published by London-based metals trader Johnson Matthey.Accord…
Newmont prevails in Yanacocha litigation
In a scene resembling the Stanley Cup finals or the World Series, Newmont Gold (NGC-N) has nudged out Paris-based Bureau de Recherches Geologiques Minieres (BRGM) in a best-of-seven series in the Peru…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Monopros drilling helps juniors post gains
The Vancouver Stock Exchange composite index lost 14.98 points, or 2.5%, to close the report period ended June 9 at 573.81. The mining index slid 19.16 points, or 4.3%, to finish at 422.60. Meanwhile,…
NEWS IN BRIEF (June 15, 1998)
Dragoon Resources (DGN-V) has changed its name to Seabridge Resources (SEA-V) on a 1-new-for-10-old-share basis.
NEVADA AND THE WESTERN STATES — Golden Phoenix raises funds for exploration
With the help of IBK Capital, Golden Phoenix Minerals (GPXM-O) is raising up to US$3.5 million in equity financing, most of which will be used this year to fund exploration on its principal properties…
SPOT PRICES (June 15, 1998)
Wednesday June 10, 1998Price (US)Week’s ChangeGold*$294.15+ $0.80Silver*$ 5.36…
METAL FUTURES (June 15, 1998)
Settlement prices for London Metal Exchange spot metal and three-month contracts, June 9/98 (US$ per tonne):MetalsCash Price3 Month Price…