Gold price continues to tumble
Gold prices dropped to 3-year lows in early January, hitting a London spot price of US$356.60 per oz. on Jan. 8, down $12.80 from Dec. 27, 1996.The tumble comes after spot prices peaked above US$400 p…
Articles by Northern Miner Staff
LETTER TO THE EDITOR — Interference by Indonesian gov’t reminiscent of NEP
A paragraph in your editorial on Bre-X Resources, Barrick Gold and the Indonesian government, entitled “Hardball or spitball?’ (T.N.M., Dec. 9/96), represents an unbelievable zenith of naivete on your…
La Chicharra returning gold for Geomaque
The latest round of drilling on the Chicharra gold target in Mexico’s Sonora state has returned encouraging results for Geomaque Exploration (GEO-T).The Chicharra lies 2.5 km northwest of the company’…
THE DIAMOND PAGE — Rex confirms impressive grades
Rex Diamond (RXD-T) has confirmed that its kimberlites at Tongo Fields in Sierra Leone rank highly among world diamond deposits.The company states the diamonds have an average value of US$175 per cara…
LME Warehouse Levels (January 13, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan.6/97 (change from previous week in brackets):Aluminium957,375(+6,100)Copper134,700(+9,350)Lead118,400(-200)Nickel49,116…
THE DIAMOND PAGE — Caldera targets Edward Creek
An aeromagnetic and radiometric survey by Caldera Resources (CDR-M) has outlined 22 possible kimberlite structures at the Edward Creek property in the Lake Eyre region of South Australia.Caldera, whic…
Toronto Stock Exchange Indices (January 13, 1997)
1996Jan 7Jan 6Jan 3Jan 2Dec 31Dec 30HighLow…
Chase Resource and Delta Gold propose consolidation
Sister companies Chase Resource (CQS-T) and Delta Gold Mining (DTG-V) have agreed to amalgamate into a new entity, which will retain the former’s name.The move will consolidate the partners’ interests…
GREATEST VALUE TRADED, Dec. 28-Jan.7
ExchgValue($000s)HighLowCloseChangeBarrick GoldT1…
PRODUCER PRICES (January 13, 1997)
ALUMINIUM: LME settlements US$1,524 per tonne, alloy $1,420 per tonne (Jan. 7/97).ANTIMONY: Composite free market, US$2,065 per tonne (Jan. 7/97).BISMUTH: Composite free market US$3.25 per lb. (Jan. 7…
Trillion completes deal with CMCWA
Ottawa-based Trillion Resources (TLQ-T) has bought a 51% intrest in privately owned Consolidated Mining Corporation of West Africa (CMCWA).The remainder of CMCWA is owned by its Malian managing direct…
METAL PRICES — FREE MARKET (January 13, 1997)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateJan. 7Jan. 6Jan. 3Jan. 2Dec. 31…