GREATEST VALUE TRADED (August 31, 1998)
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News
EDITORIAL & OPINION — NEW HORIZONS — Holograms indebted to silver
To the eye, the color image is almost indistinguishable from the original object.Essential to the quality of the color holograms is the fine-grain, silver-halide film required to record the laser ligh…
Novicourt still in the black
Copper prices are not what they were a year ago, yet Novicourt (nov-t) continues to post profits from its share of production at the Louvicourt mine near Val d’Or, Que.The Noranda subsidiary holds a 4…
Record gold production for Normandy
Australia’s largest gold miner broke several production records during its recently completed fiscal year.For the year ended June 30, 1998, Normandy Mining (NDY-T) produced 1.4 million attributable ou…
Fort Knox plans work program for Gunsite project in Alaska
A mapping and sampling program is under way at the Gunsite property, 90 miles north of Anchorage, Alaska, at the northwestern end of the historic Palmer gold mining district.The project was recently a…
SPOT PRICES (August 31, 1998)
Wednesday Aug. 26, 1998Price (US)Week’S ChangeGold*$282.50-$3.25Silver*$ 4.97…
Cluff Lake to shut down at turn of century
Saying that uranium prices are too low to sustain mining, Cogema Resources has moved up the anticipated closure of the Cluff Lake mine in northern Saskatchewan.The mine is now expected to close at the…
Kimberlites discovered in Wyoming
A kimberlite deposit has been found in the Iron Mountain district of Wyoming, about 55 km northwest of Cheyenne.The garnets recovered from the kimberlite were classified as either G9 and G10 following…
MOST ACTIVE ISSUES (August 31, 1998)
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BHP backs nickel search
First Australia and Indonesia, then New Caledonia, and now China. The list of countries vying to lure North American companies to explore and develop nickel deposits continues to grow, adding to fears…
Raiders target Rayrock
In bear markets, some companies are worth more dead than alive. That appears to be the hard-nosed rationale behind Quest Ventures’ effort to gain control of Rayrock Resources (RAY-T), in which it hold…
EDITORIAL & OPINION — ODDS ‘N’ SODS — Making the grade
I became an assistant mine inspector on March 1, 1916, at which time I moved my family to Sudbury.I was prepared to take it easy for a few days, but on my first day, before breakfast, Tom Sutherland, …