LATIN AMERICA — La Salle yields more gold
Toronto-based Chesbar Resources (CBI-M) has released additional results from drilling at the La Salle I gold property on its Anacoco IV concession in Venezuela’s Bolivar state.The 41-hole, 5,000-metre…
Articles by Northern Miner Staff
MINING MARKET & INVESTMENT NEWS — INVESTMENT COMMENTARY — Rubicon’s fundamentals pass muster with analysts
Analysts following junior mining companies are painfully aware that this sector has, of late, been finding little favor with investors. The bear market and low metal prices are inducing analysts to fo…
EDITORIAL & OPINION — ODDS ‘N’ SODS — Tying up loose ends
When I was a mining inspector in northern Ontario in 1916, the Northern Pyrites mine was one of the operations I was responsible for. It lay 20 miles west of Sioux Lookout, near the Manitoba border, a…
GREATEST VALUE TRADED (September 07, 1998)
ExchgVal($000s)HighLowCloseChangeReynolds Met *N2…
MOST ACTIVE ISSUES (September 07, 1998)
ExchgVol(000s)HighLowCloseChangePlacer DomeT11828…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Global markets take roller-coaster ride
Markets around the world were rocked during the Aug. 26-Sept. 1 report period as trading sessions saw maximum volatility and volume.Jittery North American markets sunk several percentage points on Aug…
PRODUCER & DEALER PRICES (September 07, 1998)
Aluminium: LME settlements US$1,355, alloy US$1,160 per tonne (Sept. 1/98).Antimony: Representative mid-market US$1,250 per tonne (Aug. 25/98).Bismuth: Representative mid-market US$3.45 per lb. (Sept….
METAL PRICES (September 07, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateSept. 1Aug. 31Aug. 28Aug. 27…
Rex reports discovery in Mauritania
A sampling program by Rex Diamond Mining (RXD-T) has resulted in the discovery of two diamonds found in two samples at the El Hammami lease in northern Mauritania.The samples were taken as part of a s…
Claude cuts costs at Seabee
A cost-cutting program has enabled Saskatoon-based Claude Resources (CRJ-T) to report a 25% reduction in operating expenses at the Seabee gold mine in the La Ronge district of northern Saskatchewan.Th…
LATIN AMERICA — Magna solidifies holdings
Junior Consolidated Magna Ventures (CMV-V) has earned a majority interest in the Koala I property in Mexico’s Chihuahua state.The Vancouver-based company now owns a 70% interest in the 990-ha property…
Philex racks up more losses
Plummeting production at its Philippine operations has resulted in the third straight quarterly loss for Philex Gold (PGI-T).For the 3-month period ended June 30, the Toronto-based company posted a ne…