PRODUCER & DEALER PRICES (July 12, 1999)
Antimony: Mid-mkt US$1,245/t.Bismuth: Mid-mkt US$3.60/lb.Cadmium: Mid-mkt US$0.21/lb.Chromium: Recent trades US$60.00-90.00/t.Cobalt: Recent trades US$21.75-22.75/lb.Copper: Comex Sept. US$0.762/lb.In…
Articles by Northern Miner Staff
INSIDER TRADING — Kinross, Viceroy repurchase shares
Recent filings with the Ontario Securities Commission show that both Kinross Gold (K-T) and Viceroy Resource (VOY-T) repurchased shares in their respective companies in April. The former bought 1.3 mi…
Partners secure US$1.3-billion Antamina financing — Rio Algom boosts Spence resource by 100 million tonnes
Already destined to become the world’s third-largest zinc and seventh-largest copper mine, the Antamina deposit in Peru now holds the distinction of being the recipient of the largest financing ever f…
GOLD FUNDS MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Rising metal prices spur rally in mining stocks
Gold Funds as of June 25, 1999BGRCentralNet Value$12.905.41Price$8.90$5.400Discount31.01%0.2%Value$95,096,000$103,211,658.ZE.N7Both gold and base metal stocks posted strong gains during the …
Teck axes 125 at Quintette
A backlog of coal inventories at the port in Prince Rupert, B.C., has forced Teck (TEK-T) to lay off 125 employees of the province’s Quintette mine.In addition to reducing the mine’s workforce to 500,…
DiamondWorks pads coffers
DiamondWorks (DMW-T) has raised $6.4 million to develop its various properties throughout the world.The private placement consisted of 28 million units priced at 23 cents each. A unit comprises one sh…
Searchgold nabs Bakoudou
Searchgold Resources (RSG-M) is poised to acquire control of the Bakoudou project in southeastern Gabon. The property is currently held by Golden Gram Resources (RAMG-C).The two companies have explore…
Noranda adds to Caber stake
Noranda (NOR-T) has subscribed for another $400,000 worth of Southern Africa Minerals (SAF-T).The private placement, involving 290,900 shares priced at $1.38 each, is part of an option agreement in wh…
EDITORIAL & OPINION — COMMENTARY — Who killed the golden goose?
Whenever logic falls short of explaining actions or facts in the popular mind, conspiracy theories tend to surface. We saw this in the aftermath of president Kennedy’s assassination, and we’re seeing …
PEOPLE — Tenke (July 05, 1999)
Paul Conibear appointed COO and director.
PEOPLE — Rampton (July 05, 1999)
Jerome Watts appointed director.
PEOPLE — Pangea
Norman Hardie appointed director.