American Gem to restructure
The announcement of a US$8.3-million loss in the fiscal year ended March 31 and a subsequent restructing plan have given rise to unprecedented trading in the shares of Montana-based sapphire producer …
Articles by Northern Miner Staff
GLOBAL SEARCH FOR DIAMONDS — Kimberley Res. recovers diamonds from Down Under
To date, Kimberley Resources (KIM-V) has recovered 150 diamonds from its projects in Western Australia.The total weight of the diamonds, recovered from bulk-sampling operations during 1996-97, is just…
Voisey’s Bay delayed by one year
Initial nickel, copper and cobalt production from the Voisey’s Bay mine and mill facilities will be delayed by at least one year, or until late 2000 at the earliest, Inco (N-T has announced.Speaking a…
GLOBAL SEARCH FOR DIAMONDS — BHP on track at NWT Diamonds project
With construction 40% complete and progressing well, operator BHP Minerals reports that the NWT Diamonds project is expected to be completed on time and within budget.The company has a 51% interest in…
DIAMOND PAGE — Dia Met, partners scour Greenland for diamonds
Dia Met Minerals (DMM-T) and its partners are hot on the trail of diamonds in Greenland.Since June, joint-venture partners Dia Met, Canadian Mountain Minerals (CYM-A) and private Australian firm Quadr…
GLOBAL SEARCH FOR DIAMONDS — Global adds to diamond resource in South Africa
Following an extensive drilling program, California-based Global Diamond Resources (GDRS-O) has increased the resource at its Grasdrift alluvial diamond project in South Africa.The company lifted the …
STOCK MARKETS — Western markets barely withstand low gold prices — South Africa, Kazakstan among foreign plays eyed by investors
The Vancouver Stock Exchange composite index closed at 801.5, losing 14.45 points, or 1.8%, over the report period ended Sept. 23. The mining index finished down 19.87 points, or 2.7%, at 707.12.The c…
GLOBAL SEARCH FOR DIAMONDS — Aredor yields additional gems for Trivalence
Junior producer Trivalence Mining Concession (TMI-V) continues to receive encouraging results from its Aredor diamond alluvial project in Guinea.For July and August, Trivalence recovered a total of 2,…
STOCK MARKETS — TSE breaks through 7,000 ceiling for the first time — Mining stocks buck trend, plummet to 1997 low
For the first time in the history of the Toronto Stock Exchange, the 300 composite index has smashed through the 7,000 level.The index climbed 188.98 points, or 2.8%, over the report period ended Sept…
METAL PRICES — Daily Metal Prices (September 29, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateSept. 23Sept. 22Sept. 19Sept. 18…
Armistice tests potential of Virginiatown bet
Armistice Resources (ACI-T) continues to explore the potential of its Virginiatown gold property in northeastern Ontario.Drilling this past summer was concentrated at or below the 2,250-ft.level, gene…
Brimstone works to revive Mayflower
The past-producing Mayflower gold-silver mine in southwestern Montana could find itself back in business.Last year, Brimstone Gold (BSC-V) acquired the mine from two privately owned Montana companies….