Lac des les struggling for profits
Despite robust prices for platinum group metals, profits have remained elusive at the Lac des les mine near Thunder Bay, Ont., Canada’s only primary platinum group metals producer.In the first six mo…
Articles by Northern Miner Staff
CORRECTION (September 21, 1998)
In our Aug. 24 report on the merger of Glamis Gold (GLG-T) and Mar-West Resources (MSR-V), we incorrectly stated that the latter’s president, Simon Ridgway, and vice-president of exploration, Robert W…
Companies (September 21, 1998)
Aber ResAgnico-EagleAscot ResourcesAurizon MinesAuspex MineralsBarrick GoldBattle Mtn GoldBlack Hawk MgBroken HillBro-X MineralsCambiorComaplex MinComincoCumberland ResDayton MiningDenis…
Auspex, Vestor expand Fetais deposit
Partners Auspex Minerals (APJ-V) and International Vestor Resources (IVS-V) have released further positive drill results from the Fetais deposit in Aljustrel, Portugal.Highlights from the 13-hole prog…
Meetings (September 21, 1998)
Sept. 21, Bargold Sept. 21, Black Swan Sept. 21, El Bonanza Sept. 21, New Sage Sept. 21, Savannah Sept. 21, True Expl. Sept. 21, War Eagle Sept. 21, Western Amer. Sept. 22, Amarc Sept. 22, American Se…
SPOT PRICES (September 21, 1998)
Wednesday September 16, 1998Price (US)Week’s ChangeGold*$289.15+$5.00Silver*$ 4.95…
Virginia Gold active at La Grande Sud
Drilling by Virginia Gold Mines (VIA-M) at its La Grande Sud property in the James Bay region of Quebec has cut several long gold intersections.Highlights from the program include:* 11 metres (from 34…
GREATEST VALUE TRADED (September 21, 1998)
ExchgValue($000s)HighLowCloseChangeBarrick GoldT2…
Dayton works to reverse falling profits
Higher costs and lower production have driven Dayton Mining (DAY-T) deeper into the red.For the three months ended June 30, the company lost $3.9 million (or 13 cents per share) on revenue of $8.9 mil…
WMC advances Meliadine West gold target — Pending drill results, project could go underground
WMC International, a division of Australian-based major Western Mining Corp. (WMC-N), is nearing completion of a drilling program aimed at expanding the Meliadine West gold project in the Northwest Te…
Afema pours last gold
With production ceased at its Afema gold mine in Ivory Coast, troubled Eden Roc Mineral (EDN-T) has racked up more losses.For the second quarter ended June 30, the junior posted a loss of $1.7 million…
Dia Met finds seven new kimberlite pipes — Ekati mine scheduled to open in mid-October
Exploration drilling on the Ekati mine site project in the Northwest Territories has identified seven additional kimberlite pipes, raising to 107 the number found there to date.Six of the seven pipes …