NEWS IN BRIEF (February 02, 1998)
American Comstock Exploration (AEK-V) has changed its name to International Comstock Exploration (COZ-V) on a 1-new-for-5-old-share basis.
Articles by Northern Miner Staff
NEW HORIZONS — Gold on the road
Electronic controls in automobiles are increasingly being used to boost fuel efficiency, make safety devices more effective and render accessories more reliable. To ensure that these switches, connect…
ODDS ‘N’ SODS — Alaskan town a boost to Canadian mines
The story of Hyder, Alaska, has no doubt been told many times, but for such a small, isolated village, it is a wonder that tales could be told of it at all.Hyder is at the head of the Portland Canal, …
DIAMOND PAGE — TNK prospect catches eye of De Beers
Management of TNK Resources (TNKR-C) is heartened that its exploration projects in Botswana have come to the attention of the world’s largest diamond producer.The company has signed three joint-ventur…
DIAMOND PAGE — Mineral rights snag plagues SouthernEra
A group of heirs of the original owners of the minerals rights for part of the Klipspringer diamond project in South Africa has begun a legal battle with SouthernEra Resources (SUF-T) and Randgold ove…
MOST ACTIVE ISSUES, Jan. 21-27
ExchgVolume(000’s)CloseBarrick GoldT1103329.10Placer DomeT…
SPOT PRICES (February 02, 1998)
Wednesday, January 28, 1998Price (US)Week’s ChangeGold*$298.25+ $6.35Silver*$ 6.02…
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. …
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…