METAL PRICES — Daily Metal Prices (August 18, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateAug. 12Aug. 11Aug. 8Aug. 7Aug…
News
EDITORIAL — The spread between cash costs and all-in’ costs — Mining ore
. . . or not?Maurice Brown, former editor and publisher emeritus of The Northern Miner, was an enthusiastic supporter of the mining industry during his 43 years with the paper. Mort, as he is affectio…
DIAMOND PAGE — Ashton identifies additional kimberlite
Diamond explorer Ashton Mining of Canada (aca-t) has discovered yet another kimberlite at the Buffalo Hills project in northern Alberta, bringing to 16 the number found since January.Newly discovered …
STOCK MARKETS — Vancouver’s mining index heads skyward — Solid drill results from several projects bolster western markets
The Vancouver Stock Exchange composite index gained 9.46 points over the report period ended Aug. 12 to close up 1.1% at 834.3, whereas the mining index finished 13.71 points higher at 753.93, for a g…
Rains force work suspension at Poura
A flash flood has caused Sahelian Goldfields (shgi-c) to suspend its underground rehabilitation and development program at the Poura gold mine in Burkina Faso.Sahelian reports that 70 mm of rain, fall…
TSE INDICES (August 18, 1997)
1997Aug 12Aug 11Aug 8Aug 7Aug 6HighLowComposite30…
Mountain Lake tests zinc target
Zinc mineralization was intersected by Mountain Lake Resources (moa-v) while drill-testing the Malisect nickel-copper prospect in the Bathurst area of New Brunswick.The property is 25 km west of the H…
Agnico-Eagle reports second-quarter loss
Lower gold prices and production, as well as reduced interest income, led to a loss for Agnico-Eagle Mines (age-t) in the second quarter.The company recorded a net loss of $1.2 million (or 3 cents per…
Newhawk cancels sale
The $4-million sale of the Sulphurets-Bruceside gold-silver project in northwestern British Columbia has been terminated by Newhawk Gold Mines (nhg-t) because Treminco Resources (tmo-t) failed to comp…
Mid-North director sells Walton
Calgary-based Mid-North Resources (mnu-a) has signed a letter-of-intent agreement with one of its directors to acquire two properties in Nova Scotia, including the past-producing Walton barite-silver …
Patricia extends Island Gold
Toronto-based Patricia Mines (pat-v) has extended the 21 zone by 25 metres east of the discovery hole at its Island Gold project northeast of Wawa, Ont.So far this summer, four holes have been drilled…
Eldorado enters talks with Gencor
Weak gold prices have induced Eldorado Gold (eld-t) to enter discussions with South African mining house Gencor to revise a proposed transaction involving the acquisition of two operating gold mines a…