FACTS ‘N’ FIGURES — IMF to hang on to gold
Although gold no longer has an official role to play in the international monetary system, it continues to serve an important function by underpinning the financial strength of the International Monet…
Articles by Northern Miner Staff
Nevsun expands gold deposit in Mali
Nevsun Resources (NSU-T) has boosted its resource estimate by 29% at the Tabakoto gold project in western Mali.The estimate is based on 250 diamond drill holes and 382 reverse-circulation holes. A cut…
Colorado junior to focus on Alaskan prospects
A little-known private company has signed an exclusive option agreement with Doyon Limited, an Alaskan native corporation, for a 25-property package totalling more than 7 million acres in the state’s …
SUPPLIERS NEWS ROUNDUP — Kvaerner named top engineer
Kvaerner has been named the world’s leading engineering firm in a list compiled by Engineering News-Record, a New York-based trade publication.The $10-billion, London-based company topped the list, en…
MINING MARKET & INVESTMENT NEWS — Mispec completes property deal
At a special meeting in mid-August, shareholders of Mispec Resources (MPE-M) voted to issue 20 million shares, thereby boosting ownership of the company’s Indonesian gold properties.Once completed, Mi…
MINING MARKET & INVESTMENT NEWS — Nebex deal in jeopardy
An inability to raise required financing has placed Nebex Resources (NBT-T) in breach of a definitive agreement to acquire the Munelle base metal concession in Albania.The Calgary-based junior was una…
MINING MARKET & INVESTMENT NEWS – INVESTMENT COMMENTARY — Anglogold leads the way in international gold sector
An African lion roared on Wall Street this summer to signal the arrival of Anglogold as the newest listing on the New York Stock Exchange. Simon Beardsmore, gold analyst with T. Hoare & Co., says the …
TSE SHORT POSITIONS (August 24, 1998)
Short positions outstanding at July 31, 1998Larger individual positions include: Barrick Gold 13,369,274, up 452,654; Birim Goldfields 0, down 129,500; Campbell Res 933,030, down 630,600; Greenstone R…
SPOT PRICES (August 24, 1998)
Wednesday Aug 19, 1998Price (US)Week’s ChangeGold*$285.75+$0.25Silver*$ 5.10…
GOLD FUNDS (August 24, 1998)
Gold Funds as of Aug 13, 1998BGRCentralNet Value$12.86$5.90Price$9.50$5.6…
METAL PRICES (August 24, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)1998Aug. 18Aug. 17Aug. 14Aug. 13…
Tri Origin tests anomalies Down Under
Partners Tri Origin Exploration (TOB-T) and Delta Gold of Australia have identified new gold occurrences and intersections at their equally shared Calarie property in New South Wales.Three holes, 1, 2…