MOST ACTIVE ISSUES (August 30, 1999)
August 18-24, 1999CompanyExchgVolume(000s)HighLowCloseChangeInco…
Articles by Northern Miner Staff
MINING MARKETS & INVESTMENT NEWS — U.S. markets — Three-way merger excites market
The Dow Jones industrial average hit an all-time high during the report period ended Aug. 24, climbing 166.22 points, or 1.55%, to 11,283.30 on expectations that the Federal Reserve Board will boost i…
DIAMOND PAGE — Drilling under way at Munn Lake
Drills have begun spinning at Munn Lake on the Black Lake diamond project, 100 km south of Lac de Gras in the Northwest Territories.Partners Island-Arc Resources (IAR-V), Kalahari Resources (KLA-V) an…
MINING MARKETS & INVESTMENT NEWS — Western Markets — Steady as she goes, on Vancouver market
The Vancouver Stock Exchange composite index remained steady during the report period ended Aug. 24, losing only 0.71 of a point, or 0.2%, to close at 406.51. The mining index edged up 0.88 of a point…
McWatters slashes costs at Quebec gold mines
McWatters Mining (MCW-T) has rebounded from a difficult first quarter and turned a small profit from its gold mines in Val d’Or, Que.During the 3-month period ended June 30, McWatters earned $863,511 …
Meetings (August 30, 1999)
Aug 30 Blake RiverAug 30 TetraAug 31 AegeanAug 31 Big BlackfootAug 31 GalleriaAug 31 Golden TempleAug 31 JNR Res.Aug 31 Pacific TopazAug 31 Royal RockSept 1 NavasotaSept 3 Line IslandSept 7 GossanSept…
Higher output propels Freeport
Higher production and sales resulted in a second-quarter profit for Freeport-McMoRan Copper & Gold (FCX-N).The company earned US$19 million (or 12 cents per share) during the 3-month period ended June…
Ken Snyder boosts royalty sisters
By producing their own gold, royalty sisters Franco-Nevada Mining (FN-T) and Euro-Nevada Mining (EN-T) are realizing higher profits.During the quarter ended June 30, the two companies jointly cranked …
Greatest Value Traded (August 30, 1999)
August 18-24, 1999CompanyExchgValue ($000s)HighLowCloseChangeAlc…
DIAMOND PAGE — Winspear tables microdiamond analysis
Microdiamond analysis of material pulled from the NW dyke on the Camsell Lake property in the Northwest Territories indicates that microdiamond counts are constant over the area sampled.The project, s…
INVESTMENT COMMENTARY — Tan Range gets nod for African exposure
Since Barrick Gold (ABX-T) acquired the Bulyanhulu gold deposit in Tanzania last year, mining analysts have been keeping a close eye on juniors holding ground in the surrounding region.Among the junio…
Eagle Plains dips into Dragon Lake
Junior Eagle Plains Resources (EPL-A) has begun 300 metres of diamond drilling at its Dragon Lake property in south-central Yukon, 85 km northeast of Ross River.The property, which has already been su…