PEOPLE — Formation Capital (October 19, 1998)
Paul Saxton appointed director.
Articles by Northern Miner Staff
SUPPLIERS NEWS ROUNDUP — Dolbear expands Canadian presence
Denver-based mining consulting firm Behre Dolbear has opened an office in Vancouver, its second in Canada.James Currie, former president of Cornucopia Resources, was appointed vice-president in charge…
MINING MARKETS & INVESTMENT NEWS — INVESTMENT COMMENTARY — A defensive strategy for accumulation
Bargain-hunting in the junior exploration business during hard times has proved to be a durable strategy for speculative investors. That the time appears to be right for this strategy, with many junio…
Solitario finds partners for Peruvian projects
Solitario Resource (SLR-T) has secured partners for two of its properties in northern Peru.Placer Dome (PDG-T) can earn a 60% interest in the 620 sq. km. Yanacocha copper-gold project by spending US$4…
EDITORIAL & OPINION — Quebec dreading outright British ban — Europeans take aim at asbestos
Among the most beleaguered of Canada’s industrial minerals industries continues to be asbestos. Statistics compiled by Natural Resources Canada show Canada’s asbestos output dropped sharply between Ma…
MINING MARKETS & INVESTMENT NEWS — Royalty twins to buy up own stock
Euro-Nevada Mining (EN-T) and Franco-Nevada Mining (FN-T) have announced plans to repurchase shares with cash.The two companies advised the Toronto Stock Exchange that they would be making a normal co…
MINING MARKETS & INVESTMENT NEWS — INSIDER TRADING — Rhonda execs engage in lively trading
According to reports released by the Ontario Securities Commission, two executives at Rhonda Mining (RDM-A) traded in that company during the period July-September.Peter Gummer, director, bought 106,0…
SPOT PRICES (October 19, 1998)
Wednesday October 14, 1998Price (US)Week’s ChangeGold*$296.60-$2.25Silver*$ 4.80…
TSE Short Positions (October 19, 1998)
Short positions outstanding at September 30, 1998Larger individual positions include:Abitibi-Consolidated 981,044, down 1,098,263; Alcan Aluminium 1,303,666, up 258,567; Anderson Exploration 136,411; …
PRODUCER & DEALER PRICES (October 19, 1998)
Aluminium: LME settlements US$1,324.50, alloy US$1,126 per tonne (Oct. 13/98).Antimony: Representative mid-market US$1,340 per tonne (Oct. 13/98).Bismuth: Representative mid-market US$3.25 per lb. (Oc…
Pangea, Sundust find new zone at Victoria property
Scout drilling at the Victoria gold property in west-central Peru has identified a gold-bearing structure for partners Pangea Goldfields (PGD-T) and Sundust Resources (SUN-M).Hole 77 intersected 2.3 m…
INDUSTRIAL MINERALS — Nitrogen price hurts Potash Corp.
Potash Corp. of Saskatchewan (POT-T) has issued an announcement that weak prices for nitrogen will cut into its third-quarter earnings.The company said that earnings per share for the quarter should b…