ODDS ‘N’ SODS — Remembering Harry Warren
As an ex-student of Dr. Harry Warren, I read his recent obituary in The Northern Miner with nostalgic memories of my old mineralogy professor and mentor. This man probably had more influence on the co…
Articles by Northern Miner Staff
Madison raises $10 million for Papua New Guinea exploration
Madison Enterprises (MNP-V) has arranged a bought-deal private placement with Yorkton Securities to generate gross proceeds of $10 million.The investment dealer has agreed to purchase just under 5.3 m…
MINING MARKETS AND INVESTMENT NEWS — Treminco raises funds for Elkhorn
Among the juniors raising funds for work programs is Aur Resources (AUR-T), which has privately placed $250,000 with Patricia Mines (PAT-V).Patricia will use the money to explore its Island Gold proje…
QUERY — Scintilore toughs it out in court
I was wondering if you have any information on a company called Scintilore Explorations. I was wondering what kind of projects the company is involved with, and where it is currently exploring.Toronto…
MINING MARKETS AND INVESTMENTS NEWS — Investment Commentary — Cumberland deposits get nod from Wolverton
A research report by Tracy Hurley, mining analyst for Wolverton Investment Services, describes Cumberland Resources (CBD-T) as “undervalued” and a “speculative buy.”The report focuses on Cumberland’s …
TORONTO STOCK EXCHANGE INDICES (May 18, 1998)
1998May 12May 11May 8May 7May 6HighLowComposite “…
PRODUCER PRICES (May 18, 1998)
Aluminium: LME settlements US$1,1362.50, alloy US$1,266 per tonne (May 12/98).Antimony: Representative mid-market US$1,500 per tonne (May 12/98).Bismuth: Representative mid-market US$3.90 per lb. (May…
TSE SHORTS POSITIONS (May 18, 1998)
Short positions outstanding at April 30, 1998Larger individual positions included: Abacan Resource 146,100; Abitibi Consolidated 853,022; Agnico-Eagle Mines 370,955, up 240,255; Anderson Exploration 7…
Eldorado sells Energold stake
Eldorado Gold (ELD-T) has sold its 37.5% interest in Energold Mining (EDG-V).Yorkton Securities, First Marathon Securities, Goepel McDermid Securities and Haywood Securities together purchased Eldorad…
Richmont enjoys superb quarter
More gold at lower costs, is the simple explanation behind Richmont Mines’ (RIC-T) stellar performance in the first quarter of 1998.The Rouyn-Noranda, Que.-based gold miner earned $961,975 (or 6cents …
Drills turn at Hackett River
Drilling is under way at the Hackett River base metal project near Bathurst Inlet, N.W.T., reports Etruscan Resources (EET-T).The 7,500-metre program, scheduled for completion by the end of August, wi…
World Wide launches Kazakstan lawsuit
As threatened last fall, Toronto-based World Wide Minerals (WWS-T) and Denver-based uranium trader Nuclear Fuel Resources have initiated legal action against the Republic of Kazakstan in the United St…