PRODUCER PRICES (September 30, 1996)
ALUMINIUM: LME settlements US$1,355.50 per tonne (Sept. 24, 1996), alloy US$1,197 per tonne (Sept. 20, 1996).ANTIMONY: Composite free market, US$2,500 per tonne (Sept. 23, 1996).BISMUTH: Composite fre…
Articles by Northern Miner Staff
METAL PRICES — FREE MARKET (September 30, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateSept. 24Sept. 23Sept. 20Sept. 19Sept. 18…
METALS COMMENTARY — World gold output on the rise with South Africa as top producer
Worldwide gold production is expected to increase over the next three years, to 83.1 million oz. by 1998, according to The Gold Institute’s annual World Gold Mine Production forecast.South Africa cont…
Gold Funds (September 30, 1996)
Gold Funds as of September 19, 1996BGRCentralNet Value$25.11$6.46Price$18.55…
Greenland yields diamond discovery for Platinova A/S
A recent diamond discovery in western Greenland will be followed up with a $6.5-million exploration program over the next year.Toronto-based Platinova A/S (PAS-T) recovered the clear, white stone whil…
Consolidated Nevada finds more Alaskan gold
Exploration in the vicinity of the Nixon Fork gold mine, near McGrath, Alaska, has uncovered a low-grade gold occurrence.Consolidated Nevada Goldfields (KNV-T) reports that drilling has confirmed the …
ODDS’N’SODS — Close calls in Colombia
Thirty years ago, it was not uncommon for geologists and miners to engage in job-hopping. A new employer, however, was no guarantee of improvement.From 1964 to 1969, I was in charge of a U.S Geologica…
STOCK MARKET — Mines left gasping as TSE sets records
The Toronto Stock Exchange composite index set four records in five trading days over the report period Sept. 18-24, to finish at 5299.66 points, up 31.18 points, or 0.6%, on the week.Trading volumes …
Mazarin Mining looks to Haitian mineral prospects
A Quebec-based asbestos company with a large share of that province’s production has expanded into exploration for gold and base metals overseas.Mazarin Mining (MAZ-T) has obtained the option to acqui…
Partners scratch gold potential of Dogpaw Lake
A first-phase program, budgeted at $500,000, will test the gold potential of the Dogpaw Lake property in the Kenora district of northwestern Ontario.Houston Lake Mining (HLM-A) holds an option to acqu…
KWG Resources poised to take over Far East Gold
With a little help from its parent company, KWG Resources (KWG-T) has initiated a takeover bid for Far East Gold (FEGI-C).St. Genevieve Resources (SGV-T), the controlling shareholder of both KWG and F…
Milagro and Geomaque to merge
Milagro Minerals (MLG-V) and Geomaque Explorations (GEO-T) have agreed to merge their operations.Milagro shareholders will receive one Geomaque share for every four shares of Milagro held. On completi…