SPOT PRICES (May 18, 1998)
Wednesday, May 13, 1998Price (US)Week’s ChangeGold*$295.60- $7.90Silver*$ 5.46…
Articles by Northern Miner Staff
MINING MARKETS AND INVESTMENT NEWS — EASTERN MARKETS — Producers suffer falling metal prices, but TSE manages to hang on
The Toronto Stock Exchange 300 index sustained a minor loss during the report period May 6-12, dropping just 2.42 points to end at 7,717.70. The index, however, fared better than the gold and precious…
Index (May 18, 1998)
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LME WAREHOUSE LEVELS (May 18, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at May 11/98 (change from May 1 in brackets):MetalStock(tonnes)ChangeA…
Tri Origin secures Ontario ground
A 717-metre diamond drill program by Tri Origin Exploration (TOE-T) at its Confederation base metal property in northwestern Ontario has returned lacklustre results.Of five planned holes, two were aba…
Night Hawk Lake plans set
The four companies that constitute the Night Hawk Lake joint venture have approved a $410,000 program of downhole and ground geophysics, data interpretation and drilling. The 637-claim property is 38 …
Black Hawk remains in the black during quarter
Toronto-based Black Hawk Mining (BHK-T), owner and operator of the Keystone gold mine in Manitoba, has posted a strong first quarter.During the 3-month period ended March 31, the company earned $1.33 …
Tiomin granted extension
The government of Panama has granted Tiomin Resources (TIO-T) an extension on the company’s contract for the Cerro Colorado copper deposit.As a result, Tiomin will be able to postpone its contract com…
Aber to raise $102.9 million
Aber Resources (ABZ-T) has entered into a bought-deal financing with a syndicate of underwriters, led by Bunting Warburg, that will raise gross proceeds of $102.9 million. The deal involves 7 million …
CIM conference looks to next century — Miners face new challenges of globalization, weak commodity prices and public acceptance
Delegates attending a conference held here in early May were told that mining in the next century may feature the increased use of robotics, specialty alloys and recycled materials, and may incorporat…
Sorting facility planned for Yellowknife
Dia Met Minerals (DMM-T) and BHP Diamonds have announced plans to construct a diamond sorting and valuation facility at the Yellowknife airport in the Northwest Territories.The facility will be used f…
Southern Cross boosts U resource
Southern Cross Resources (SXR) has increased resources at its Goulds Dam-Billeroo uranium property in Australia.Based on 504 holes drilled between 1969 and 1980, not all of which had been used in prev…