THE NORTHERN MINER — SMALL PRODUCERS INDEX (October 26, 1998)
96.63 (-1.20)(Sept 30/98 = 100)…
Articles by Northern Miner Staff
Winspear, Aber expand Camsell Lake’s potential
The final five holes of the fall drilling program have expanded the tonnage potential of the NW Snap Lake dyke at the Camsell Lake property in the Northwest Territories.The drilling has been suspended…
Juniors step up pace in Newfoundland — Altius, Noveder among companies involved in grassroots programs
While exploration activity may have cooled in Labrador, across the Strait of Belle Isle in Newfoundland many juniors and majors are once again targetting base metal and gold prospects.What follows is …
EDITORIAL & OPINION — Ekati opening reason to celebrate — How sweet it is!
They said it couldn’t be done. They said caribou herds and other wildlife would be at risk. They warned that fish habitat would be lost, that lakes would be drained, and that the aboriginal way of lif…
MINING MARKETS & INVESTMENT NEWS — INSIDER TRADING — Low metal prices spur insider buying spree
Recent filings with the U.S. Securities and Exchange Commission show that executives in several companies are taking advantage of the market downturn to pick up cheap shares in their respective compan…
LME WHSE LEVELS (October 26, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Oct. 20/98 (change from Oct. 13 in brackets):MetalStocks (tonnes)Change…
Ken Snyder mine nears completion
In the early 1990s, geologist Ken Snyder stood on a windswept hilltop near this old mining town and told Pierre Lassonde and Seymour Schulich, founders of royalty sisters Franco-Nevada Mining (FN-T) a…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Rate cut sends Dow soaring
Another quarter-point drop in interest rates by the Federal Reserve bolstered the Dow Jones industrial average for the report period ended Oct. 20. The average climbed 567.71 points, or 7.2%, to close…
SPOT PRICES (October 26, 1998)
Wednesday October 21, 1998Price (US)Week’s ChangeGold*$296.90+$0.30Silver*$ 4.89…
PRODUCER & DEALER PRICES (October 26, 1998)
Aluminium: LME settlements US$1,308, alloy US$1,118 per tonne (Oct. 20/98).Antimony: Representative mid-market US$1,300 per tonne (Oct. 20/98).Bismuth: Representative mid-market US$3.25 per lb. (Oct. …
Homestake Mining aims to expand Down Under
Homestake Mining (HM-N) is focusing on expanding reserves at two gold mines in Australia, following its recent acquisition of Aussie producer Plutonic Resources.At the Lawlers mine in Western Australi…
EDITORIAL & OPINION — GEOLOGY 101 — MVT lead-zinc deposits, Part 1
Mississippi Valley-type (MVT) deposits are named for the region of the U.S., along the Mississippi River, where these deposits were first discovered.Deposits of this class are major producers of lead …