Eldorado enters talks with Gencor
Weak gold prices have induced Eldorado Gold (eld-t) to enter discussions with South African mining house Gencor to revise a proposed transaction involving the acquisition of two operating gold mines a…
Articles by Northern Miner Staff
Risk, challenge topics of B.C. conference
A conference outlining the political, financial and regulatory risks of international mining ventures will be hosted by Price Waterhouse from Oct. 9 to 10 at the Waterfront Centre Hotel in Vancouver, …
ODDS ‘N’ SODS — On top of the world, Part 1
In 1942, near my little village of Hazelton in northern British Columbia, Cominco was developing the Red Rose tungsten mine atop the Rocher de Boule Mountain in order to supply wartime demand for the …
Clarification (August 18, 1997)
In the article “Placer Dome, TVX flex muscles in Pickle Lake” (T.N.M., Aug.4/97), we neglected to include reserve and annual production figures for the Musselwhite mine.The mine, which is owned by Pla…
TSE, OSC committee to re-examine mining rules — Panel to make recommendations by end of the year
The Toronto Stock Exchange (TSE) and the Ontario Securities Commission (OSC) have announced the formation of a task force to assess the need for regulatory standards for the mining industry.The Mining…
AfriOre explores Umgen coal project
Junior AfriOre (afo-v) will begin a program of drilling and geophysics at the newly joint-ventured Umgen coal deposit in South Africa’s Kwazulu-Natal province.The Toronto-based junior recently complet…
MOST ACTIVE ISSUES, August 6-12
ExchgVol(000s)CloseInmet MiningT82477.90TVX Gold IncT…
GOLD FUNDS (August 18, 1997)
Gold Funds as of August 7, 1997BGRCentralNet Value$18.45$5.45Price$14.20$…
STOCK MARKETS — Golds take the lead in recovery on Toronto markets — Gold and precious metals sub-index soars 440.31 points
For the first time in months, gold stocks led the Toronto Stock Exchange, as the modest rebound in the price of the yellow metal helped most gold stocks rise in the report period ended Aug. 12.The TSE…
Lyon Lake inks deal with Gerald
Montreal-based Lyon Lake Mines (lll-m) has entered into several agreements with the metals merchant Gerald Metals.The agreements include a US$1.2-million line of credit for Lyon Lake’s Costa Rican ope…
DIAMOND PAGE — Dia Met expands its efforts in western Greenland
Dia Met Minerals (dmm-t) has agreed to buy Australian-based Quadrant Resources’ 49% interest in a joint venture with Monopros.The announcement follows a due diligence review that detected kimberlite i…
LME WAREHOUSE LEVELS (August 18, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Aug.11/97 (change from previous week in brackets):MetalStocks(tonnes)Change…