Greatest Value Traded, OCTOBER 13-19
ExchgVal($000s)HighLowCloseChangeAlcoa*N300815…
Articles by Northern Miner Staff
Junior picks up properties
Newcomer Cerro Dorado (CDCH-O) has signed a letter of intent to acquire a controlling stake in three gold properties in northern Chile from Fremont Gold (FGLD-O).Financial pressures forced Fremont to …
Northgate buys Kemess
The Kemess gold mine in northern British Columbia, the last remaining asset of defunct Royal Oak Mines, has been sold at last.Northgate Exploration (NGX-T) has agreed to take on the mine and keep it o…
Glamis sees higher production in 2000
By fully integrating the three mines it acquired from its recent merger with Rayrock Resources, as well as additional production from the new San Martin mine in Honduras, Glamis Gold (GLG-N) expects t…
Kinross, United Tex-Sol hit high grade in Timmins (October 18, 1999)
Operator Kinross Gold (K-T) and partner United Tex-Sol Mines (UTZ-A) have intersected high-grade gold mineralization at the Clavos project in Timmins, Ont.In addition to intersecting 94.6 grams gold p…
SPOT PRICES Wed. October 13, 1999
Precious MetalsPrice (US$/oz.)ChangeGold$320.50-$4.50Silver$ 5.55+$0.08…
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 …