SPOT PRICES (March 23, 1998)
Wednesday, March 18, 1998Price (US)Week’s ChangeGold*$289.10- $6.15Silver*$ 5.80…
Articles by Northern Miner Staff
PRODUCER AND DEALER PRICES (March 23, 1998)
Aluminium: LME settlements US$1,450, alloy US$1,297 per tonne (Mar. 17/98).Antimony: Representative mid-market US$1,600 per tonne (Mar. 17/98).Bismuth: Representative mid-market US$3.85 per lb. (Mar. …
STOCK MARKETS — Majors suffer through another week of low metal prices — Caledonia leads the junior pack with Canadian and African projects
The Toronto Stock Exchange 300 composite index ended the report period of Mar. 11-17 at 7,440.37 points, up 144.37, or 2%. The index hit yet another record high of 7,468.76 points during the week.The …
Lucero drilling on Seal Lake
The drilling of potential kimberlite targets is under way on the 65,000-ha Seal Lake prospect in the Buffalo Hills area of Alberta.Lucero Resource (LCR-V) holds an option to earn a half-interest in th…
LME WAREHOUSE LEVELS (March 23, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Mar.17/98 (change from Mar. 10 in brackets):MetalStock(tonnes)Change…
U.S. government investigates American Gem claims
The U.S. Department of Justice is investigating the alleged submission of certain fraudulent mining claims in west-central Montana involving American Gem (GEM-T), its former chairman, Gregory Dahl, an…
GREATEST VALUE TRADED (March 23, 1998)
ExchgVol(000’s)HighLowCloseChangeInco LtdT125095…
CCAA: Bankruptcy Act lite
.BGUEST COLUMN/Bruce LeonardThe recent market decline has significantly impacted resource companies.Downsizings, closures, layoffs and reduced levels of operations have all made their mark. However, w…
PEOPLE — ORCANA RES.
John Tait appointed chairman. John Hedges, Henry Sandri and Paul Ankcorn appointed directors.
LETTERS TO THE EDITOR — Minister should get serious
At the recent Prospectors & Developers Association of Canada convention in Toronto, I had the opportunity to hear the Honourable Chris Hodgson, minister of Northern Development and Mines for the provi…
Study has Tenke-Fungurume poised for production
Preliminary results from Tenke Mining’s (TNK-T) final feasibility study of the Tenke-Fungurume project in the Democratic Republic of Congo indicate that it will be among the world’s lowest-cost produc…
Cyprus enters JV in Arizona
Cyprus Amax Minerals (CYM-N) has entered into a joint-venture agreement with Vancouver-based junior Jaba (JBA-A) on the Mammoth Wash copper project in southern Arizona.Mammoth Wash is situated south o…