PRODUCER & DEALER PRICES (May 03, 1999)
Antimony: Representative mid-market US$1,235 per tonne (April 27/99).Bismuth: Representative mid-market US$3.55 per lb. (April 27/99).Cadmium: Representative mid-market US$0.23 per lb. (April 27/99).C…
Articles by Northern Miner Staff
Teck sells $125m in convertible debentures
Teck (TEK-T) has entered into a private placement underwriting agreement with TD Securities and Griffiths McBurney & Partners allowing for the sale of $125 million in adjustable-rate, 25-year debentur…
HMINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Markets react to TVX-Normandy deal
The biggest story of the April 21-27 report period was the new partnership between Australia’s largest gold producer, Normandy Mining, and chronic underperformer TVX Gold.In a complex deal, Normandy i…
Resolute buys out Ashanti’s stake at Golden Pride
Australian-based Resolute will pay US$40 million for the remaining half-interest in the Golden Pride mine that it does not already own. The half-interest in the Tanzanian mine is currently held by Ash…
PEOPLE — Riverdance (May 03, 1999)
Dusan Berka, Frank Lang, James Bryce, Vladimir Horvath and Walter Brenner appointed directors.
PEOPLE — Aquest (May 03, 1999)
Robert Young appointed director.
GOLD FUNDS (May 03, 1999)
Gold Funds as of April 22, 1999BGRCentralNet Value$14.055.72Price$9.40$5.
BC mines receive safety awards
The government of British Columbia has awarded 13 mines in the province for their safe operating practices.For the second consecutive year, the winner of the John Ash Safety Award, presented to the op…
Gold Fields to merge with Driefontein
Shareholders of both Driefontein Consolidated (DRFNY-Q) and Gold Fields (GLDFY-O) have given the nod to a proposed merger of the companies into a larger and more diversified Gold Fields.Driefontein op…
BYG heads into receivership
Low gold prices have proved too much for B.Y.G. Natural Resources (BYG-T), which has gone into receivership and been suspended from trading on the Toronto and Alberta stock exchanges.B.Y.G. says the r…
Atna encouraged by results from the DR
The results from a first phase of widely spaced drilling on the San Antonio I concession in the Dominican Republic leads Atna Resources (ATN-T) to believe it might have intersected the upper edge of a…
SouthernEra strikes platinum, diamond deals
Nothing if not creative in its diversification plans, SouthernEra Resources (SUF-T) has announced deals to take over a development-stage platinum project in South Africa and to explore for diamonds in…