Index (May 18, 1998)
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Articles by Northern Miner Staff
MINING MARKETS AND INVESTMENT NEWS — EASTERN MARKETS — Producers suffer falling metal prices, but TSE manages to hang on
The Toronto Stock Exchange 300 index sustained a minor loss during the report period May 6-12, dropping just 2.42 points to end at 7,717.70. The index, however, fared better than the gold and precious…
SPOT PRICES (May 18, 1998)
Wednesday, May 13, 1998Price (US)Week’s ChangeGold*$295.60- $7.90Silver*$ 5.46…
GREATEST VALUE TRADED (May 18, 1998)
ExchgVol(000′)HighLowCloseChangeBarrick GoldT1859…
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…
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,…
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…
MOST ACTIVE ISSUES, May 6-12
ExchgVol(000′)CloseInmet MiningT86394.05Kinross GldT…
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…
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…
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 …
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…