PEOPLE — WAR EAGLE (January 12, 1998)
Leslie B. Salnick appointed vp.
Articles by Northern Miner Staff
Echo Bay mothballs Lupin gold mine — McCoy/Cove operations scaled back
The pressure to lower operating costs to keep pace with the falling price of gold has become too much for Echo Bay Mines (ECO-T), which has announced the closing of one mine and the scaling back of op…
LME WAREHOUSE LEVELS (January 12, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan.6/98 (change from Dec. 24/97 in brackets):MetalStock(tonnes)Change…
Scoping study says Golden Star needs more ounces
Through a scoping study prepared by independent consultants, Golden Star Resources (GSC-T) has determined that the Andorinhas gold project in Brazil could not support a 1,000 tonne-per-day underground…
GEOLOGY 101 — Paleoplacer gold deposits, Pt. 1
Paleoplacer deposits consist of placer concentrations of minerals in which the host material is a consolidated rock (sediment comprising weathered detritus that was subsequently cemented together). Th…
GOLD FUNDS (January 12, 1998)
Gold Funds as of December 31, 1997BGRCentralNet Value$15.15$6.13Price$10.40…
Cordilleran Roundup set for B.C.
A conference focusing on all aspects of Canadian and international exploration will be held from Jan. 27-30 at various sites throughout Vancouver, B.C.Entitled “Pathways’98: Cordilleran Roundup and Ex…
The year of the gilded reptile — For fraud and sleaze, 1997 a year like no other
The creatures appear around the top of any market cycle: they’re the scam artists who take advantage of market enthusiasm, novices who haven’t seen it all and experienced market players with memory la…
Rubicon adds base metal and gold projects to portfolio
Vancouver-based Rubicon Minerals (RMX-V) has added a base-metal prospect in Alaska and a gold property in Ontario to its North American land package.In southwestern Alaska, the company has negotiated …
New mines open in 1997
The year past won’t be remembered as much for its mine openings as for its scandals, but several notable (and legitimate) projects did come fruition both in Canada and abroad during 1997.The Musselwhi…
The year of trading dangerously
Metal prices in 1997 were satisfactory until the summer, when oversupply and a sagging Asian economy began to drive down the price of most precious and base metals.* Gold rang in 1997 at a spot price …
COMMENTARY — An historic juncture for gold
Twenty-three years ago, on New Year’s Eve, 1974, it finally became legal for Americans to buy gold.Ironically, just a few days earlier, on Christmas Day, all three gifts presented by the Magi to the n…