Companies (March 29, 1999)
Adobe VenturesArabian Shield DevelopmentArimex MiningAtna ResourcesAuric ResourcesAvalon VenturesBand-Ore ResourcesBarrick GoldBattle Mountain GoldBolidenBroadlands ResourcesCambiex Explora…
Articles by Northern Miner Staff
GREATEST VALUE TRADED, March 17-23
ExchgVal ($000s)HighLowCloseChangeBarrick GoldT24…
Virginia drills gold at La Grande Sud
Virginia Gold Mines (VIA-M) continues to intersect gold mineralization at the recently discovered Veines zone, part of the company’s La Grande Sud deposit in Quebec’s James Bay region.The zone, situat…
MINING MARKETS & INVESTMENT NEWS – WESTERN MARKETS — Western markets cool on Starcore, Argentina Gold
The Vancouver Stock Exchange composite index sank 5.1 points, or 1.2%, to close the week ended March 23 at 419.57. The mining index lost 6.74 points, or 2.1%, and finished at 307.11.Meanwhile, the com…
DIAMOND PAGE — Rex expands holdings in Mauritania
Rex Diamond Mining (RXD-T) has been awarded three more exploration concessions in Mauritania.Two of the permits, Ouassat and Arouedil, cover a total of 19,600 sq. km of Archean terrain immediately nor…
Barrick to buy stake in Golden Ridge — Major to take over 50% interest held by Randgold Resources
Just weeks after launching a bid for Sutton Resources (STT-T) and its prized Bulyanhulu gold deposit, Barrick Gold (ABX-T) is expanding its holdings around the Tanzanian property by acquiring Johannes…
EASTERN MARKETS — Canadian exchanges propose major overhaul
Near the end of the March 10-16 report period, the four largest Canadian stock exchanges — Toronto, Montreal, Vancouver and Alberta — announced their intention to merge.Citing increased foreign comp…
Metallica cuts gold values in Chile
Junior Metallica Resources (MR-T) has intersected high-grade gold values at its 50%-held La Fortuna property in north-central Chile.La Fortuna is adjacent to the company’s wholly owned El Morro porphy…
Vengold reduces interest in Lihir — Sale enables company to shed US$11m in outstanding debt.
Shaky year-end results and a US$178.1-million debt load prodded Vengold (VEN-T) to cut its interest in the Lihir gold mine in Papua New Guinea.Vengold sold 5.9 million shares of Australian-based Niugi…
Meetings (March 22, 1999)
March 22, AbaddonMarch 22, Blake RiverMarch 22, Golden ThunderMarch 22, NarMarch 22, StinaMarch 22, TouchstoneMarch 23, RegeenaMarch 23, RidelMarch 24, CarlinMarch 24, GoldmaxMarch 24, GulfstreamMarch…
COMMENTARY — Costs to drop with gold price
The gold price will sink to US$285 per oz. by 2002, though cash costs for Western World producers are also expected to fall, according to a report released by AME Mineral Economics.A study of mine cas…
EXCHANGE RATES (March 22, 1999)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMar. 16Mar. 15Mar. 12Mar. 11Mar. 10…