CORRECTION (February 02, 1998)
DiamondWorks (DMW-T) expects to produce 9,000 carats per month at its Yetwene property in Angola. The diamonds are expected to have a value, as opposed to a cash production cost, of $US280 per carat. …
Articles by Northern Miner Staff
TORONTO STOCK EXCHANGE INDICES (February 02, 1998)
1998Jan. 27Jan. 26Jan. 23Jan. 22Jan. 21HighLowCom…
Argentina Gold follows up on Filo Federico
Argentina Gold (ARP-V) has posted impressive drill results from the Veladero project, situated in the northwestern portion of the country from which the company draws its name.The junior recently coll…
TSE Short Positions (February 02, 1998)
Short positions outstanding at January 15, 1998Larger individual positions include:Aber Resources 109,100; Abitibi-Consolidated 306,695, up 171,142; Barrick Gold 11,031,476, up 575,816; Black Swan Gol…
IG shelves Bakyrchik project
Continued weakness in gold prices has forced Indochina Goldfields (ING-T) to cancel development plans for its Bakyrchik gold project in Kazakstan.The company will nonetheless proceed with operating pl…
St Andrew starts program in Timmins camp
A $5-million exploration program by St Andrew Goldfields (SAS-T) is under way at the Taylor property in the Timmins gold camp of northern Ontario.The company says 60% of the funds allocated for the 19…
Eskay Creek replaces reserves — More ounces than at mine’s 1995 startup
An aggressive surface and in-mine exploration program at Prime Resources Group’s (PRU-T) Eskay Creek gold-silver mine in northern British Columbia has surpassed its objective of replacing all the rese…
Placer Dome takes US$247-million writedown
Low bullion prices have induced Placer Dome (PDG-T) to take an after-tax writedown of US$247 million, or US99cents per share.The Vancouver-based major will record an unaudited loss for 1997 of US$260 …
Producer and Dealer Prices (February 02, 1998)
Aluminium: LME settlements US$1,507, alloy US$1,326 per tonne (Jan. 27/98).Antimony: Representative mid-market US$1,730 per tonne (Jan. 27/98).Bismuth: Representative mid-market US$3.35 per lb. (Jan. …
METAL PRICES — Daily Metal Prices (February 02, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateJan. 27Jan. 26Jan. 23Jan. 22Jan…
Lytton, Indigo join Alberta play
Partners Lytton Minerals (LTL-T) and New Indigo Resources (NDR-A) have joined the hunt for Alberta diamonds by entering into a preliminary agreement with Birch Mountain Minerals (BMD-A) on a package o…
Richmont boosts output — High grades at Nugget Pond boost production
The start of commercial production at the Nugget Pond gold mine last spring has enabled Richmont Mines (RIC-T) to report a 140% increase in gold production for 1997.The underground mine is in the Baie…