Skyline pulls out of Snip extension
International Skyline Gold (SK-V) has backed away from its attempts to establish a link between the Snip mine of Homestake Mining (HM-N) and its own High claims. The properties are in northern British…
News
BASE METALS — Lewis Brooks resumes work
Junior Lewis Brooks Resources (LBRL-C) has begun drilling at the Lewis Brook base metal property in New Brunswick.The program, to consist of four or five holes over 600 metres, will test areas where g…
BASE METALS — Nickel industry reaches evolutionary milestone
Special to The Northern MinerThe nickel industry reached an evolutionary milestone recently when the Cawse mine in Western Australia became the first of a new generation of low-cost laterite deposits …
BASE METALS — Boliden shows off revamped Myra Falls
The Myra Falls zinc-copper mine is back on track following a 3-month shutdown that allowed for a US$10-million rehabilitation program.Situated in mountainous Strathcona Provincial Park, the mine is ne…
Cominco banks on success of Red Dog
As the latest operating figures show, the Red Dog zinc-lead-silver mine in northwestern Alaska continues to add considerable value to Cominco’s (CLT-T) bottom line.Between the recent first quarter and…
Yamana tests silver ‘pockets’ at Martha
As its share price begins to drift back to normal levels, Yamana Resources (YRI-T) is encountering more bonanza-grade silver intersections at its Bacon property in southern Argentina.During the final …
Francisco leaves Goldcorp
Other endeavours are calling Rolando Francisco, who has resigned as president of Goldcorp (G-T).Francisco, who had served as president of the company since 1997, will be replaced pro tem by Goldcorp’s…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Winspear, Foran provide sparkle to western markets
Dark clouds, cold temperatures and heavy rains have stalled the onset of summer in Vancouver, and the general dreariness appears to have spread to the city’s capital markets. With gold prices as depre…
Trivalence picks Aredor gem
Junior Trivalence Mining (TMI-V) has recovered a 146.8-carat diamond from its Aredor alluvial concession in Guinea.The stone, which is described as gem-quality, was derived from a stockpile of oversiz…
THE NORTHERN MINER — North American Mining Index (June 28, 1999)
92.37 (-1.50)
TSE SHORTS (June 28, 1999)
Short positions outstanding at June 15, 1999Larger individual positions include:Abitibi Consolidated 1,631,973, up 116,998; Alcan Aluminium 1,082,155; American Gem 109,100, down 959,552; Anderson Expl…
LME WHSE LEVELS (June 28, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at June 22/99 (change from June 15 in brackets):MetalStocks(tonnes)Change…