DIAMOND PAGE — Ashton finds new kimberlites
Ashton Mining (ACA-T) has identified four more kimberlite pipes on its Buffalo Hills property in north-central Alberta.Recent reverse-circulation drilling of aeromagnetic anomalies 30 km to the east a…
Articles by Northern Miner Staff
TSE SHORT POSITIONS (March 16, 1998)
Short positions outstanding at February 28, 1998Larger individual positions include: Anderson Expl 56,300, down 642,300; Barrick Gold 13,457,730, down 5,204,067; Caledonia Mining 2,500, down 259,500; …
TSE INDICES (March 16, 1998)
1998Mar. 10Mar. 9Mar. 6Mar. 5Mar. 4HighLowComposi…
METAL PRICES — Daily Metal Prices (March 16, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateMar. 10Mar. 9Mar. 6Mar. 5Mar. 4…
STOCK MARKETS — El Misti Gold among VSE volume leaders once again — International CanAlaska makes deal with Royal Oak on Timmins-Michie
The Vancouver Stock exchange composite index lost 5.88 points, or 0.9%, to close at 624.77 over the report period ended Mar. 10. The mining index also lost ground, slipping 7.9 points, or 1.5% to clos…
Inco fined over fatal mine accident
Inco has been fined $750,000 for violations of the Occupational Health and Safety Act that resulted in the death of a miner at the company’s Copper Cliff South mine, in Copper Cliff, Ont.In April 1996…
Redaurum to sell River Ranch
Redaurum (RRK-T) has suspended operations at its 50%-held River Ranch diamond mine in Zimbabwe.Redaurum says it has entered negotiations with various prospective buyers.The mine had been operated by a…
First Dynasty pours Armenian gold
First Dynasty Mines (FDM-T) has joined the gold production ranks, pouring its first gold bar at the Ararat tailings project in western Armenia.The Singapore-based company has spent US$12 million to co…
More Colombian gold for Greystar
Vancouver-based Greystar Resources (GSL-V) has recovered high-grade gold intercepts at its Angostura gold project, situated in northeastern Colombia.Two step-out diamond drill holes returned significa…
Novicourt’s profits down
Yet another Canadian mining company has reported a drop in fourth-quarter earnings as a result of lacklustre metal prices.Novicourt (NOV-T), which is 61% owned by Noranda (NOR-T), earned $1.1 million …
Antares set to follow up Toodoggone gold strike
Antares Mining & Exploration (ANZ-T) is set to begin a $1.5-million exploration program on its Toodoggone property, situated in north-central British Columbia, following the discovery of gold minerali…
Platinova, Lexam test targets in Greenland
Although Platinova (PAS-T) and Lexam Explorations (LEX-M) have intercepted a narrow kimberlite dyke on their jointly held West Greenland property, the partners have yet to encounter any potentially ec…