SPOT PRICES Wed. October 13, 1999
Precious MetalsPrice (US$/oz.)ChangeGold$320.50-$4.50Silver$ 5.55+$0.08…
Articles by Northern Miner Staff
Lihir plans merger with Niugini
Lihir Gold (LIHRY-Q) has offered to acquire all the outstanding shares of Australian-listed Niugini Mining.Niugini, which is 50.5%-owned by Battle Mountain Gold (BMG-N), owns a 17% interest (equivalen…
St Andrew, Holmer team up at Timmins
St Andrew Goldfields (SAS-T) says it intends to earn a majority interest in the Timmins gold project in Ontario’s Bristol Twp.Property owner Holmer Gold (HGM-T) reports that the deposit contains a res…
Infill drilling confirms Alamo Dorado
Results from reverse-circulation drilling at the Alamo Dorado silver project in Sonora state, Mexico, have confirmed the continuity of the mineralization along strike and downdip, and indicated potent…
LATIN AMERICA — Glamis green-lights San Martin project in Honduras — Open-pit mine expected to crank out 80,000 oz. per year
In less than a year, San Martin in southern Honduras has graduated from the exploration stage to approved-mine status with a 1.5-million-oz. gold resource.Glamis Gold (GLG-T) is currently developing t…
LATIN AMERICA — Rio Tinto to resume work on Taca-Taca
Junior explorer Corriente Resources (CTQ-T) has signed an option agreement allowing London-based Rio Tinto (RTP-N) to drill the Salar Arizaro area of the Taca-Taca copper-gold project in Argentina.The…
Ivanhoe’s S&K mine set to expand
Ivanhoe Mines (IVN-T) will proceed with a 40% expansion of its half-owned S&K copper mine in central Myanmar.The US$7-million expansion, to be funded by cash flow, will see annual production capacity …
LATIN AMERICA — Anglo’s Aripuana deal to go ahead
Following a due-diligence investigation, the Brazilian subsidiary of Anglo American (AAUK-Q) is going ahead with a joint-venture deal with Karmin Exploration (KARM-C) on the Aripuana property in north…
LATIN AMERICA — North options property
Australia’s North Ltd. and Spokane, Wash.-based Metalline Mining (MMGG-O) have formed a joint venture to explore the Sierra Mojada zinc project in the northeastern Mexican state of Coahuila.North can …
LATIN AMERICA — Apac hits gold at Los Menucos
Junior explorer Apac Minerals (APC-V) has hit broad low-grade gold mineralization at the Los Menucos property in southern Argentina.The company completed 45 reverse-circulation holes, totalling 4,000 …
METAL PRICES (October 18, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateOct. 12Oct. 11Oct. 8Oct. 7…
LATIN AMERICA — Atacama to develop Aguas Blancas
Atacama Minerals (AAM-V) is proceeding with development of the Aguas Blancas iodine heap-leach project in northern Chile.The project comprises 22,000 ha in the Atacama Desert, 95 km southeast of the p…