OBITUARIES (September 06, 1999)
Mervyn Arthur UphamMervyn Upham, who earned a place in the Canadian Mining Hall of Fame for his part in developing 22 mines in this country, has died following a lengthy illness. He was 82.Born in Bay…
Articles by Northern Miner Staff
MINING MARKETS & INVESTMENT NEWS — INSIDER TRADING — Normandy executives boost holdings
Recent insider trading transactions reported by the Ontario Securities Commission in its OSC Bulletin include the following:Aurado Exploration (AEO-T) — Paul Conroy, director, sold 88,500 shares indi…
MOST ACTIVE ISSUES, August 25-31
ExchgVol(000s)HighLowCloseChangeInco LtdT9442…
MINING MARKET & INVESTMENT NEWS — U.S. MARKETS — Miners mixed as metal prices rise
The Dow Jones industrial average came off its high with four consecutive days of losses amid further fears about interest rates. The market was down 454.02 points, or 4%, to close at 10,829.28 for the…
MINING MARKET & INVESTMENT NEWS — WESTERN MARKETS — VSE dozes in dog days of summer
The Vancouver Stock Exchange composite index edged up 1.37 points to close the report period ended Aug. 31 at 407.88. The mining index slipped 1.93 points, or 0.7%, to finish the week at 272.36. The c…
MINING MARKET & INVESTMENT NEWS — EASTERN MARKETS — Broad market takes hit as metal prices improve
Growing concern of another interest rate hike south of the border crossed over to the Toronto Stock Exchange, causing the TSE’s 300 index to plunge 198.99 points during the report period Aug. 25-31. T…
Greystar sinks more holes
Junior Greystar Resources (GSL-T) continues to intersect gold and silver mineralization at its Angostura project in northeastern Colombia.The latest results are from three holes collared in the La Alt…
Orvana plans offering
Seeking funds to develop its Don Mario gold-copper deposit in eastern Bolivia, Orvana Minerals (ORV-T) plans to offer shareholders the right to subscribe for up to 11.6 million additional units.Shareh…
Phelps takes writedown as prices plummet
A US$61-million writedown related to restructuring has wiped out Phelps Dodge’s (PD-N) slender second-quarter earnings of US$1.2 million (or 2 cents per share), leading the company to post a loss of U…
Ashanti posts strong second quarter
Low operating costs triumphed over weak gold prices for Ashanti Goldfields (ASL-N), propelling the company to a profitable second quarter.The Ghana-based producer earned US$16.4 million (or 15 cents p…
Meetings (September 06, 1999)
Sept 7 Gossan Sept 8 Blackpool Sept 8 Cons. Interstat Sept 8 Stratabound Sept 8 Tikal Sept 9 Gold Summit Sept 9 Trans Hex Sept 10 Ascot Sept 10 Golden Band Sept 13 Grace , specialSept 13 Int’l Taurus …
Production steady for High River
Revenue for High River Gold Mines (HRG-T) dropped about 50% between the second quarters of 1998 and 1999, as lower cash costs at its mines failed to offset the effect of expired hedging contracts.Howe…