Ashanti poised for further growth
In early 1997, mining analysts from the London branch of Banque Paribas estimated that it would be a year before the benefits of a restructuring undertaken by Ashanti Goldfields (AHD.U-T) would be fel…
Articles by Northern Miner Staff
METAL PRICES – Daily Metal Prices (May 04, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateApr. 28Apr. 27Apr. 24Apr. 23Apr…
Rift reports African intersections
Encouraging results are reported from the first phase of exploration at the Silobela gold property in central Zimbabwe.Toronto-based Rift Resources (RIF-V), which is earning a half-interest in the pro…
Leader starts scoping study on Knife Lake project in Saskatchewan — Junior also bullish on potential for Voisey’s Bay extension in Labrador
While many of its peers chase opportunities abroad, Leader Mining International (LMN-A) remains firm in its belief that Canada still has the best exploration potential to offer.”The Canadian Shield st…
DRC plans program
Based on the results of recent geophysical surveys, DRC Resources (DRC-V) is planning to explore its wholly owned property in Ontario’s Timmins mining camp.Underlain by a sequence of north-south trend…
Meetings (May 04, 1998)
May 4, ColossalMay 4, CamfloMay 4, MillstreamMay 4, Phoenix GoldMay 5, Cambridge MineralsMay 5, Indo PacificMay 5, McWatters MiningMay 5, NorcalMay 5, Pan American SilverMay 5, SterlingMay 5, Tri-Late…
NEW MINES ROUNDUP — Noranda looks to 1999 start for Bell Allard
Operator Noranda (NOR-T) is looking to start production at the Bell Allard zinc-copper mine in Quebec’s Matagami region by the second quarter of 1999.Capital costs for the 2,000-tonne-per-day operatio…
NEW MINES ROUNDUP — Royal Oak forges ahead at Kemess
A recent US$120-million financing is enabling Royal Oak Mines (RYO-T) to complete construction of the Kemess gold-copper mine in north-central British Columbia.The open-pit mine is scheduled to come o…
MINING IN CANADA — Goldcorp finds new gold zone at Red Lake mine
Underground drilling at the Red Lake mine in northwestern Ontario has expanded one gold zone and led to the discovery of another, Goldcorp (G-T) reports.The company recently completed 135 diamond dril…
Index (May 04, 1998)
CareersClassifiedDiamond PageDrillersEditorialFacts’n’FiguresGeologyInsider TradingInvestment CommentaryMetal PricesMining Markets and Investment NewsObituaryPeopleProfessional DirectoryStock MarketSu…
NEW MINES ROUNDUP — Diavik mine proposal moves forward
With more than $80 million spent to date on environmental and technical studies, Aber Resources (ABZ-T) and Diavik Diamond Mines have submitted a mining proposal for their Diavik project 300 km northe…
NEW MINES ROUNDUP — Echo Bay defers plans for Aquarius
Low gold prices have prompted Echo Bay Mines (ECO-T) to defer construction at the Aquarius gold project near Timmins, Ont. Echo Bay owns 100% of the project, which, at last report, hosted reserves of …