TSE INDICES (October 25, 1999)
1999Oct. 19Oct. 18Oct. 15Oct. 14Oct. 13HighLowCom…
Articles by Northern Miner Staff
Index (October 25, 1999)
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Twin Gold finds diamonds in Ungava
Toronto-based Twin Gold (TWG-T) has discovered diamonds in samples from a dyke in the Torngat Mountains, east of Ungava Bay in northwestern Quebec.Five samples, totalling 212.2 kg, contained 112 diamo…
Sable follows float train
Junior explorer Sable Resources (SAE-V) has identified a new gold-bearing vein on its Chappelle property in the Toodoggone area of north-central British Columbia.The Beck vein is 5 ft. wide and has be…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Gold drops, nickel leadsrally in base metals
The Oct. 13-19 report period saw a third week of declines in the gold price, with the yellow metal diving US$10.75 to US$309.75 per oz. on the London morning fix of Oct. 20.Though gold’s weakness took…
Franco-Nevada plans Ken Snyder expansion
The recent upward spike in gold prices has prompted Franco-Nevada Mining (FN-T) to draw up plans to boost production at its new Ken Snyder gold mine in northern Nevada.To boost mill throughput to 1,00…
Hedge books worry Ashanti, Cambior
The well-publicized troubles of Ashanti Goldfields (ASL-N), whose hedge book reached a negative paper value of US$450 million early this month, appear to be easing as the potential loss shrinks. Ashan…
Union rejects Goldcorp offer
Workers at the Red Lake mine in northern Ontario have rejected Goldcorp’s (G-T) latest offer, prolonging a strike that is now in its third year.The company had offered a termination provision, includi…
PEOPLE — DiamondWorks
John Firth appointed vp operations; Stephen Grimmer appointed vp project development.
Hatch funds U of T chair
Toronto-based consulting firm Hatch has donated $1 million to the University of Toronto to create management programs for the communications and technology industries.The Hatch Chair in Technology and…
Dynacor increases Acari production
Dynacor Mines (DYN-M) has responded to improved gold prices by increasing production at the Acari mine in Peru.The company can increase its interest to 80% from 70% by spending US$263,788. During the …
GOLD FUNDS (October 25, 1999)
Gold Funds as of October 14, 1999BGRCentralNet Value$14.946.34Price$10.35…