THE NORTHERN MINER — NORTH AMERICAN MINING INDEX (November 09, 1998)
105.57 (+1.06)(Sept 30/98 = 100)…
News
Cameco enjoying higher revenues
Even as prices for its two major products, gold and uranium, declined, Cameco (CCO-T) posted higher revenue in the first nine months of 1998 than it did in the corresponding period of 1997.Cameco show…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Toronto Stock Exchange rallies while gold slips
The good news: the Toronto Stock Exchange 300 index climbed 299.37 points during the report period Oct. 28-Nov. 3, to end the week at 6,296.51. The bad news: gold was devalued once again, dropping US$…
IOC to reactivate Sept-Iles pellet plant
Steel markets in North America and Europe are weakening as a result of cheaply produced Asian imports. However, Australian major North Limited, confident of a long-term recovery, has announced major c…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — VSE creeps past 400-level, ASE slopes skyward
The Vancouver Stock Exchange composite index, for the first time in weeks, has climbed above the 400-level. During the report period ended Nov. 3, the composite closed at 401.7, up 12.33 points, while…
METAL PRICES (November 09, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateNov. 3Nov. 2Oct. 30Oct. 29…
Results positive for La Teko
Metallurgical tests on an oxide sample from the the True North deposit in central Alaska have returned favorable results for La Teko Resources (LAO-T).The 50-ton sample consisted of material from both…
LETTER TO THE EDITOR — QP to serve as guardians of procedure, not fall guy after the fact
As someone responsible, to a great extent, for formulating the proposed “Qualified Person” (QP) concept in the mining industry, particularly in exploration and mine development, I would like to respon…
EDITORIAL & OPINION — ODDS ‘N’ SODS — Out with the old
I left Alberta for Ontario in the late 1920s. It was to be a new life for me and my family at the Dome mines, near Timmins.By that time, Dome operations had slipped in some ways. Many of the buildings…
Ormonde eyes gold prospect
Ormonde Mining (OMP-V) has agreed to earn a half-interest in the Mgusu gold property in the Victoria Goldfields district of Tanzania.The property consists of two prospecting licences and three claim b…
BOOK REVIEW — Author captures drama of Voisey’s Bay deal
The Big Score:Robert Friedland, Inco andthe Voisey’s Bay HustleBy Jacquie McNishDoubleday Canada Limited105 Bond StreetToronto, Ont. M5B 1Y3The 1993 discovery of the Voisey’s Bay nickel-copper-cobalt …
Newmont cuts Nevada employees
Low gold prices have forced Newmont Mining (NEM-N) to lay off more workers at its Nevada operations.The company cut 150 jobs at its Carlin Trend and Lone Tree-Twin Creeks operations, representing 5% o…