GOLD FUNDS (May 18, 1998)
Gold Funds as of May 7, 1998BGRCentralNet Value$15.79$6.18Price$12.25$5.8…
Articles by Northern Miner Staff
MINING MARKETS AND INVESTMENT NEWS – WESTERN MARKETS — South Voisey’s Bay juniors’ stock slips as drilling starts
The Vancouver Stock Exchange composite index slid 7.28 points, or 1.2%, to close the May 6-12 report period at 623.83. The mining index followed suit, losing 13.67 points, or 2.8%, to close at 474.97….
Ashton sizes up new kimberlite finds
The first set of caustic fusion results from three of the nine new kimberlites discovered during the 1998 winter exploration drilling program on the Buffalo Hills project in north-central Alberta show…
Pangea, Sundust nearing prefeasibility stage at Victoria
Partners Pangea Goldfields (PGD-T) and Sundust Resources (SUN-M) have reached the final stretch of a second phase of drilling at their Victoria polymetallic property in Peru.Pangea, which is managing …
Inmet sells Antamina stake to Noranda, Teck in $70m deal
Majors Rio Algom (ROM-T), Noranda (NOR-T) and Teck (TEK-T) are teaming up to develop the Antamina copper-zinc project in Peru.Noranda and Teck have each agreed to buy half of Inmet Mining’s (IMN-T) 50…
Nuinsco drills Lac Rocher nickel-copper prospect
Nuinsco Resources (NWI-T) has completed an initial 10-hole diamond drilling program at its Lac Rocher nickel-copper property, situated about 120 km north of Matagami, Que.The program was designed to t…
MOST ACTIVE ISSUES, May 6-12
ExchgVol(000′)CloseInmet MiningT86394.05Kinross GldT…
Russian gold production up
Preliminary figures indicate Russian mining companies produced 8.8 million tonnes of gold in the first quarter of 1998, 1.1 tonnes more than in the corresponding period of 1997.The Russian economics m…
Golder contributes to program
Golder Associates, a mining consulting firm, has donated $15,000 to a campaign developed to increase public awareness and support of mining in Canada.The campaign, called The Great Canadian Mine Show,…
MINING MARKETS AND INVESTMENT NEWS — Mutapa scores listing to finance work
Denver-based Maya Gold (MAY-A) has taken up residence on the Alberta Stock Exchange.The company holds four concessions in Honduras — Guajiniquil, El Triunfo, Langue and San Miguel — covering a total…
GREATEST VALUE TRADED (May 18, 1998)
ExchgVol(000′)HighLowCloseChangeBarrick GoldT1859…
SPOT PRICES (May 18, 1998)
Wednesday, May 13, 1998Price (US)Week’s ChangeGold*$295.60- $7.90Silver*$ 5.46…