Fantasma results fail to impress
Pacific Rim Mining (PFG-T) has released disappointing drill results from the Fantasma project in northwestern Argentina.The 7-hole, 1,923-metre program of reverse-circulation drilling focused on the p…
Articles by Northern Miner Staff
Starfield brightens Ferguson Lake picture
Preliminary drilling by Starfield Resources (SRU-A) has confirmed cobalt-platinum-palladium mineralization in two copper-nickel zones at the Ferguson Lake property, 160 km south of Baker Lake in the n…
EDITORIAL & OPINION — Production cuts benefit copper market — Hope for base metals
It has been the received wisdom in the copper market that the number and size of the new projects that are coming on stream over the next decade will mean a massive glut of copper. If the price of cop…
CORRECTION (July 12, 1999)
In our July 5 report on Seahawk Minerals (SKM-V), the Piteiras property in Brazil was compared with the Muzo artisonal emerald mine in Colombia. Seahawk maintains tight security at Piteiras and has ne…
Old copper mine is for the birds — Miner, conservation group join to create wetlands
The past-producing Solbec mine, near Stratford, Que., will become a nature preserve under a partnership between owner Cambior and conservation group Ducks Unlimited.Cambior will spend $120,000 over th…
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…
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…