LME WAREHOUSE LEVELS (June 08, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at June 1/98 (change from May 22 in brackets):MetalStocks(tonnes)Change…
Articles by Northern Miner Staff
PRODUCER & DEALER PRICES (June 08, 1998)
Aluminium: LME settlements US$1,319, alloy US$1,245 per tonne (June 2/98).Antimony: Representative mid-market US$1,485 per tonne (June 2/98).Bismuth: Representative mid-market US$3.75 per lb. (June 2/…
Kafue consortium shrinks by half — And then there were two.
Majors Noranda (NOR-T) and Phelps Dodge (PD-N) have withdrawn from the Kafue consortium; only South Africa’s Avmin and Britain’s Commonwealth Development remain.Over the past 15 months, the consortium…
Queenston, Franco start new drilling program
Another round of exploration is under way at the Kirkland Lake project, a joint venture of Queenston Mining (QMI-T) and Franco-Nevada Mining (FN-T) in northeastern Ontario.The partners have budgeted $…
Queens’ geology student honored
Steven Olsen has been awarded the 1997 Money Medal for his master’s work in mineral exploration at Queen’s University in Kingston, Ont.The medal, struck from gold-plated Falconbridge nickel, is awarde…
Dayton shareholders battle over merger plans
The directors of Dayton Mining (DAY-T) are facing a shareholder revolt in response to Minorca Resources’ (MAR-T) growing influence in Dayton’s boardroom.On May 27, New York City-based investment firm …
Cautious investors show interest in St. Jude
While Ghana’s gold potential is undeniable, junior companies exploring concessions in the West African country are facing increased scrutiny from investors in the wake of a high-profile tampering scan…
SPOT PRICES (June 08, 1998)
Wednesday June 3, 1998Price (US)Week’s ChangeGold*$293.35+ $0.75Silver*$ 5.19…
MINING MARKETS & INVESTMENT NEWS — INSIDER TRADING — Asia Pacific insiders unload shares
Recent issues of the Ontario Securities Commission’s OSC Bulletin show insiders of Asia Pacific Resources (APQ-T) were actively buying and selling its shares in March and April.Crew Holdings, holder o…
Nelson Gold profits from expansion of Jilau
Expansion of the Jilau gold mine in northwestern Tajikistan enabled Nelson Gold (NLG-T) to ring up $214,000 in profits (or 3 cents per share) in the first quarter, compared with $387,000 (5 cents per …
GOLD FUNDS (June 08, 1998)
Gold Funds as of May 28, 1998BGRCentralNet Value$15.07$5.84Price$11.75$5.
TSE INDICES (June 08, 1998)
1998June 2June 1May 29May 28May 27HighLowComposit…