Miners abroad advised to expect higher costs
Escalating costs pose a greater threat to the mining industry than do falling metal prices, according to the head of the mining group for Price Waterhouse.In a speech delivered at the accounting firm’…
Articles by Northern Miner Staff
DIAMOND NEWS ROUNDUP — Messina evaluates Liqhobong
Toronto-based Messina Diamond (msc.u-t) has completed the evaluation of 1,303 carats recovered from its initial bulk sampling of the Satellite pipe at the Liqhobong project in Lesotho, South Africa.Th…
GREATEST VALUE TRADED, Oct. 8-14
ExchgValue ($000s)HighLowCloseChangeBarrick GoldT…
Metal Prices — Daily Metal Prices (October 20, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateOct. 14Oct. 13Oct. 10Oct. 9Oc…
Output of gold, silver up, base metals fare less well
Canadian production of gold,silver, potash and iron increased between August 1996 and August 1997.However, output of copper, nickel, lead, zinc and asbestos decreased over the same period.The statisti…
DIAMOND NEWS ROUNCUP — Botswana eyes Angolan ground
An agreement between an national firm and Botswana Diamondfields (BWD-V) sets the stage for that company to secure rights to a large diamond concession in the Lunda Norte region of Angola.The concessi…
High River Gold moves to feasibility stage in southern Siberia
Siberia is not the easiest place to build and operate a mine, but Toronto-based High River Gold (HRG-T) is seeking to become a major player in that region’s gold industry.A partner in the Russian comp…
DIAMOND PAGE — Rex tests African project
Producer Rex Diamond (RXD-T) has secured permits to explore two concessions in the northwestern African country of Mauritania.The land package covers 46,700 km in the northwest part of the country, wh…
STOCK MARKET — Junior gold mining stocks help keep western markets afloat — Cross Lake makes splash after Timmins area find; Silverstone, Haddington also
upThe Vancouver Stock Exchange composite index edged up 6.55 points, or 0.8%, over the holiday-shortened report period ended Oct. 14 to close at 838.4. The mining index finished at 748.74, up 6.48 poi…
Producer and Dealer Prices (October 20, 1997)
Aluminium: LME settlements US$1,633 per tonne(Oct. 14/97).Antimony: Composite free market, US$1,935 per tonne (Oct. 14/97).Bismuth: Composite free market US$3.40 per lb. (Sept. 30/97).Cadmium: Composi…
TORONTO STOCK EXCHANGE (October 20, 1997)
1997Oct.14Oct.13Oct.10Oct.9Oct.8HighLowComposite…
STOCK MARKET — TSE hits another record high as gold majors rally — Precious and base metal prices remain lacklustre
The Toronto Stock Exchange continued to perform at an impressive pace during the report period of Oct. 8 to Oct. 14, with the TSE 300 composite index closing at 7168.77, a drop of 41.16 points, or 0.6…