MOST ACTIVE ISSUES (October 26, 1998)
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Articles by Northern Miner Staff
METAL PRICES (October 26, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateOct. 20Oct. 19Oct. 16Oct. 15…
Focal focuses on Nicaraguan properties
Focal Resources (FCJ-A) has completed a deal with High River Gold (HRG-T) to acquire three exploration properties in Nicaragua.The company now holds 100% interests in the Rio Siquia, Santo Domingo and…
Ottawa appoints valuator
Canada’s Department of Indian Affairs and Northern Development has appointed privately held Diamonds International Canada (Dican) as its official diamond valuator for the determination of federal and …
Rio Narcea expands search for Iberian gold
Drilling by Rio Narcea Gold Mines (RNG-T) has extended the known mineralization at the El Valle open-pit mine in northern Spain.Alberto Lavandeira, the company’s president, spoke at the Mining Investm…
Argentina Gold pulls hot values from Amable property
Argentina Gold (ARP-V) has tabled some impressive drill results from the Amable target on the Veladero project in San Juan province.Hole 80 returned 212 metres grading 3.67 grams gold and 47.71 grams …
General Minerals hunts for silver in western Bolivia
General Minerals (GNM-T) is returning to Bolivia, this time in search of silver.The Denver-based junior, known chiefly for its copper porphyry targets in Chile, has acquired 70.5 sq. km in the central…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Argentina Gold glows in otherwise flat market
Western markets remained flat over the Oct. 14-20 trading period. The Vancouver Stock Exchange composite index remained virtually unchanged at 384.62, whereas the mining index dropped 3.12 points, or …
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — TSE rallies on lower interest rates, golds still sluggish
Falling U.S. and Canadian interest rates translated into significant gains for the Toronto Stock Exchange 300 index, with the broad market rising 5.9% over the report period Oct. 14-20 to end at 5,870…
Newmont anticipates boost at Yanacocha
Extensive drilling at Peru’s Yanacocha mine, South America’s largest gold mine, is expected to boost gold reserves considerably.The mine’s operator and 51%-owner, Newmont Mining (NEM-N), predicts that…
DIAMONDS — Chronology of Ekati
* 1983 — Chuck Fipke forms Dia Met Minerals.* 1989 — Fipke finds traces of diamond indicator minerals near Lac de Gras in the Northwest Territories. He proceeds to stake claims in the area.* 1990 –…
Strike disrupts production at Cayeli copper mine
Production at the Cayeli copper-zinc mine in Turkey has been suspended as a result of a miners’ strike.Inmet Mining (IMN-T), which owns a 49% equity interest in the mine’s owner, Cayeli Bakir Isletmel…