Low commodity prices an obstacle for Rayrock
Rayrock Yellowknife Resources (RAY-T) reports both good news and bad news for the quarter ended March 31.The bad news is that the Toronto-based company incurred a loss from continuing operations of US…
Articles by Northern Miner Staff
NEVADA AND THE WESTERN STATES — Homestake’s Ruby Hill cranking out low-cost gold
The Ruby Hill gold mine, at the southern end of Nevada’s Battle Mountain trend, is up and running, and contributing to Homestake Mining’s (HM-N) bottom line.The operation began pumping out low-cost ou…
Russian gold production soaring
Between January and April, Russian gold-mining enterprises produced 14.13 tonnes of gold, up from 11.82 tonnes in the corresponding period of 1997.Russia’s economics ministry has set a production targ…
NEVADA AND THE WESTERN STATES — World Wide Minerals acquires uranium assets in Texas
Already active at its Dornod open-pit uranium mine in Mongolia, Toronto-based World Wide Minerals (WWS-T) is broadening its uranium asset base by acquiring projects a little closer to home.The company…
BOOK REVIEW — Book catalogues Canada’s mining heritage — Untold Wealth: Canada’s Mineral Heritage
Gold Fever Publishing — Seven Whaling Rd., Darien, CT., 06820Since John Cabot’s arrival in 1497, Canada has built a reputation as one of the world’s largest and richest repositories of mineral deposi…
NEVADA AND THE WESTERN STATES — Echo Bay focuses exploration around existing operations
A leaner, trimmer Echo Bay Mines (ECO-X) has shaken itself off after a troubled year and set to work exploring its numerous North American mineral properties.The past year was marked by dramatic staff…
MINING MARKETS & INVESTMENT NEWS — INSIDER TRADING — St. Jude insiders let options expire
According to Ontario Securities Commission reports, two directors and one officer of St. Jude Resources (SJD-V) bought shares and were granted options in that company in May and April.Terrell Michael,…
NEVADA AND THE WESTERN STATES — Clifton adds to holdings in Utah
Clifton Mining (CFB-A) will expand its ground position in western Utah through the acquisition of a majority interest in privately held Woodman Mining.Clifton has purchased 60% of the shares of Woodma…
MINING MARKETS & INVESTMENT NEWS — Anvil Range hammered by metal prices
As a shareholder of Anvil Range Mining, I am wondering if you can tell me what has happened since its bankruptcy protection expired. It was granted a 10-day extension in mid-April 1998, but I have not…
Junior funds work in Colombia
Conquistador Mines (CMG-V) has closed a private placement with Haywood Securities consisting of 2 million units at 75 cents each, for gross proceeds of $1.5 million.Each unit consists of one share and…
MOST ACTIVE ISSUES (June 15, 1998)
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MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Dow regains lost ground
The Dow Jones Industrial average picked up lost ground during the June 3-9 report period, racking up three consecutive days in positive territory, including a 167-point gain on June 5. The average fin…