Political sabre-rattling stalls Voisey’s Bay
Beset by low nickel and copper prices and facing an all-or-nothing ultimatum from the government of Newfoundland, Inco (N-T) is suspending engineering and procurement work on the Voisey’s Bay nickel-c…
Articles by Northern Miner Staff
Pogo property in Alaska the latest feather in Teck’s cap
Teck’s (TEK-T) 40% interest in Alaska’s Pogo gold project is comparable in significance to the company’s half-interest in the David Bell gold mine in Hemlo, Ont.That was the message stressed by Presid…
SPOT PRICES (August 03, 1998)
Wednesday July 29, 1998Price (US)Week’s ChangeGold*$291.00- $3.40Silver*$ 5.67…
MINING MARKETS & INVESTMENT NEWS – WESTERN MARKETS — Western markets spooked by economic slowdown
The Vancouver Stock Exchange composite index tumbled below the 500-level during the report period ended July 28 to close at 488.97, down 22.54 points, or 4.4%. The mining index was off 5.3%, losing 19…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Dow rides roller-coaster through period
The Dow Jones Industrial Average continued its wild ride, jumping by as much as a 100 points during the report period, only to shed up to 200 points by its close on July 28. The average finished the p…
TSE SHORT POSITIONS (August 03, 1998)
Short positions outstanding at July 15, 1998Larger individual positions include: Abacan Resource 399,500; Abitibi-Consolidated 744,389, down 93,457; Alcan Aluminium 761,322, down 154,803; Anderson Exp…
Tri Origin eyes Timmins area gold
Junior Tri Origin Exploration (TOE-T) has outlined several promising gold targets at its English gold property near Timmins, Ont.The announcement follows a program of geochemical prospecting and soil …
Eastmain drills VMS targets in NB
Toronto-based Eastmain Resources (ER-T) has begun a diamond drill program at the Rocky Lake-Otter Brook property in the Bathurst camp of New Brunswick.The 1,500-metre program will target electromagnet…
Richmont boosts production
Weak gold prices do not appear to be taking much of a toll on Montreal-based Richmont Mines (RIC-T).The company posted net earnings of $1.4 million for its latest quarter ended June 30, up from $1 mil…
Eskay Creek spins out cash for Prime
Record production and lower cash costs at the Eskay Creek gold-silver mine in northwestern British Columbia are strengthening the bottom line of cash-rich Prime Resources Group (PRU-T).Besides Eskay C…
Dynatec to operate gold mine
Once the Ken Snyder gold-silver mine is up and running early next year, royalty companies Franco-Nevada Mining (FN-T) and Euro-Nevada Mining (EN-T) plan to turn over operational management to Toronto-…
COMMENTARY — Miners seeking GSC data
.BMichael ThomasThe regional geophysics section of the Geological Survey of Canada (GSC) focuses on the acquisition, archiving, distribution and analysis of aeromagnetic and gravity data. Historically…