PRODUCER AND DEALER PRICES (March 16, 1998)
Aluminium: LME settlements US$1423.50, alloy US$1,247 per tonne (Mar.10/98).Antimony: Representative mid-market US$1,575 per tonne (Mar. 10/98).Bismuth: Representative mid-market US$3.75 per lb. (Mar….
Articles by Northern Miner Staff
Klondike gold show set for May
Miners, suppliers and government officials will converge in the historic Klondike region in May for the 13th Annual Dawson City International Gold Show.The 2-day event, billed as North America’s large…
MOST ACTIVE ISSUES, Mar. 4-10
ExchgVol(000s)CloseCrystallexT71567.35Inco LtdT66…
DIAMOND PAGE — SouthernEra mining Sugarbird blow
SouthernEra Resources (SUF-T) has successfully commissioned the diamond recovery plant at its Klipspringer project in South Africa’s Northern province.The plant recovered a total of 768 carats during …
SPOT PRICES (March 16, 1998)
Wednesday, March 11, 1998Price (US)Week’s ChangeGold*$295.25- $0.75Silver*$ 6.31…
Rupert arranges financing
Rupert Resources (RUP-V) has arranged a $4.65-million brokered special warrant financing.The financing, led by C.M. Oliver, will consist of up to 1.5 million special warrants at $3.10 each. Each speci…
Semafo on target at Ghanaian property
Montreal-based West African Mining Exploration (SMF-T) reports that an ongoing prefeasibility study has confirmed the presence of oxide and sulphide gold mineralization at the Teleku-Bokazo property i…
Bolivar to buy Revemin mill
Bolivar Goldfields (BVG-T) is dropping its lawsuit against Monarch Resources (MRE-T) and buying Monarch’s majority interest in the Revemin processing plant, situated 16 km from Bolivar’s Tomi gold con…
STOCK MARKETS — Base metals head up in buoyant market — TSE indexes make new highs as base metals jump 7%
The base metal stocks were the stars of the market as the Toronto Stock Exchange reached a new all-time high on Mar. 10. Over the five trading days Mar. 4-10, the TSE 300 composite index climbed 158 p…
NovaGold hits hot holes at Murray Brook property
Dartmouth, N.S.-based NovaGold Resources (NRI-T) is encouraged by diamond drill results from its Murray Brook polymetallic property, 37 miles west of Bathurst, N.B.The recently completed program, whic…
Gold Reserve produces prefeasibility study at Las Brisas
A detailed prefeasibility study has branded the Brisas gold-copper project in southeastern Venezuela uneconomic, Gold Reserve (GLR-T) reports.Independent consulting firm JE MinCorp, a Denver-based div…
OPINION — Low copper prices settle in
While mine closures have had the impact of reducing copper concentrate availability, the volume of production will be overwhelming in the second half of 1998 and throughout 1999. To have visible impac…