GOLD FUNDS (April 13, 1998)
Gold Funds as of April 2, 1998BGRCentralNet Value$15.67$6.41Price$12.00$6…
Articles by Northern Miner Staff
Mining associations to converge on Montreal for joint conference
Four associations are joining forces to stage a major mining show in Montreal next month.Montreal ’98, a conference of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), the Council of …
Aurizon suffers loss despite record gold production — Closing date extended on Casa Berardi
A drop in both head grade and realized gold prices pushed Aurizon Mines (ARZ-T) into the red for fiscal 1997, despite the company’s record gold production of 39,668 oz.For the year ended Dec. 31, 1997…
NEWS IN BRIEF (April 13, 1998)
Reward Mining (REW-V) has changed its name to Riverdance Resources (RVD-V).
TSE Short Positions (April 13, 1998)
Short positions outstanding at March 31, 1998Larger individual positions include:Abitibi-Consolidated 737,173, down 1,036,079; Barrick Gold 14,765,318, up 565,339; Battle Mountain Canada 2,446,763, up…
SPOT PRICES (April 13, 1998)
Wednesday, April 8, 1998Price (US)Week’s ChangeGold*$309.75+ $8.15Silver*$ 6.46…
Valerie hits anomalous mineralization at Mamatla
Valerie Gold Resources (VLG-V) reports that recent drilling on a promising soil geochemical gold-silver anomaly at the Mamatla concession in south-central Mexico returned anomalous mineralization.Unde…
ECU warms up at Velardena
As part of its preproduction phase, ECU Gold Mining (ECU-M) has begun processing ore at its Velardena gold and silver mine in Mexico.The mill is treating an average of 380 tons per day by direct cyani…
Santa Fe returns to Springpole
Santa Fe Canadian Mining, a subsidiary of Newmont Gold (NGC-N) has climbed back aboard the Springpole gold project of Gold Canyon Resources (GCU-V) after having dropped its original option in 1996.San…
Runoff curtails Kidd production
Faced with an influx of runoff water from the surface, the Kidd mining division of Falconbridge (FL-T) has shut down operations below the 2,800-ft.level of the mine complex near Timmins, Ont.The shutd…
Northair targets Venturina for bulk-tonnage potential (April 13, 1998)
A first phase of exploration has begun on the Venturina property in Mexico’s Chihuahua state.A wholly owned Mexican subsidiary of International Northair Mines (INM-V) can acquire a 100% interest in th…
Verena picks up more ground
Verena Minerals (VMCO-C) has signed a deal with Ouro Brasil (OOB-V) to boost its interest in a 36,000-ha gold exploration property in Brazil.In order to increase its interest in the Conceicao de Norte…