GOLD FUNDS (June 01, 1998)
Gold Funds as of May 21, 1998BGRCentralNet Value$15.58$5.95Price$11.85$5.
Articles by Northern Miner Staff
NEW HORIZONS — Gold and medical research
The ability of gold atoms to stick together even when beaten into gossamer-thin layers has been known since ancient Egyptian times. Now, researchers have produced an even thinner layer of gold — no t…
LETTER TO THE EDITOR — Planning for Canada’s mining future
We appreciate your compliments in a recent editorial (“Congratulations, CIM,” T.N.M., May 4-10/98). In our centennial year, the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) is indeed p…
MINING MARKETS & INVESTMENT NEWS — QUERY — Casmyn digs itself into a deep hole
I am a shareholder of Casmyn, a company traded on the Nasdaq Bulletin Board. The shares of the stock went from around US$4 to a few cents in a couple of months. The company issued a statement in Febru…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS –Dow and gold slide in tandem
The Dow Jones Industrial average continued its slow slide, finishing the May 20-26 report period down 90.92 points (1%) at 8,963.73. Trading was light because of the Memorial Day holiday May 25.All ma…
METAL FUTURES (June 01, 1998)
Settlement prices for London Metal Exchange spot metal and three-month contracts, May 26/98 (US$ per tonne):MetalsCash PriceThree Month Price…
PRODUCER & DEALER PRICES (June 01, 1998)
Aluminium: LME settlements US$1,340, alloy US$1,259 per tonne (May 26/98).Antimony: Representative mid-market US$1,490 per tonne (May 26/98).Bismuth: Representative mid-market US$3.75 per lb. (May 26/…
Mineral Resources revs up Cassiar asbestos plant
After a 6-year production hiatus, the Cassiar asbestos project in British Columbia is ready to begin producing chrysotile fibres once again.Operator Mineral Resources (MIC-T), which holds a 100% inter…
Truck accident begets cyanide spill
An accident involving a truck on its way to the Kumtor gold mine in eastern Kyrgyzstan is causing headaches for Cameco (CCO-T) and may lead to a lawsuit or criminal proceedings.The truck, which was ca…
Meetings (June 01, 1998)
June 1, Int’l DamascusJune 1, NeutrinoJune 1, Pacific FalkonJune 1, Samax GoldJune 2, Eden RocJune 2, El CallaoJune 2, Golden QueenJune 2, GoldfundJune 2, GoldtrustJune 2, La TekoJune 2, LegionJune 2,…
Russian law worries regional gold miners
Gold production in Russia’s Magadan region will drop by 9 tonnes this year as a result of a new precious metals law that restricts contracts between Russian miners and mills, says the regional governm…
BC mines awarded
Thirteen British Columbia mines were recognized at the province’s 36th annual Safety Awards, part of the recent Mining Week festivities.Fording Coal’s Greenhills operation was a double winner, receivi…