Nova Scotia base metals entice Regal Goldfields
The Cheticamp Highlands of Nova Scotia’s Cape Breton Island will be the focus of a forthcoming base metal exploration program by Regal Goldfields (REGL-C).The company plans to drill, in May, two of ei…
Articles by Northern Miner Staff
Yamana boosts gold resource at property in Papua New Guinea
A new geological model has enabled Yamana Resources (YRI-T) to increase the gold resource at the Gameta prospect on Fergusson Island in Papua New Guinea (PNG).Yamana Executive Vice-President Dick Walt…
Imperial, Sumitomo consider closing Mt. Polley
Low metal prices are forcing Imperial Metals (IMP-T) and Japanese partner Sumitomo to consider temporarily suspending operations at the Mt. Polley copper-gold mine at the end of July.Built for $115 mi…
Writedowns lead to loss for Golden Star
Writedowns of the carrying value of many of its properties have forced Golden Star Resources (GSC-T) to post a fourth-quarter loss.In all, Golden Star took charges totalling US$22.4 million against it…
Meetings (April 13, 1998)
Apr. 14, Denison MinesApr. 14, DiazApr. 14, Emerging Africa GoldApr. 14, KWGApr. 14, St GenevieveApr. 14, Sawtooth Int’lApr. 14, Sun Devil GoldApr. 15, Classic GoldApr. 15, Falcon PointApr. 15, Minco …
Metal Futures
Settlement prices for London Metal Exchange three-month contracts and spot metal, Apr. 7/98 (US$ per tonne):MetalCash Price3-Month Price…
Canyon seeks partner for McDonald project
Low gold prices have forced Canyon Resources (CAU-X) to seek a joint-venture partner for the McDonald gold project in Montana, says President Richard De Voto.After gaining sole ownership of the projec…
Vengold offering may net $46 million
A syndicate of underwriters, led by Midland Walwyn Capital, have entered into a financing agreement with Vengold (VEN-T) to purchase up to $46 million worth of its shares.The underwriters have agreed …
Companies (April 13, 1998)
Adex MiningAmerica Mineral FieldsAnglo AmericanAsia Pacific ResourcesAurizon MinesAvalon VenturesBand-Ore ResourcesBanro ResourceBarrick GoldBattle Mountain GoldBlue Desert MiningCaledonia MiningCambi…
Magadan’s gold sector looking brighter — New investment, projects could lead to greater production
Although mines in the mountainous Magadan region of Russia produced 26.1 tonnes of gold in 1997 (6.3 tonnes more than were produced in the previous year), output was well below expectations. However, …
PRODUCER AND DEALER PRICES (April 06, 1998)
Aluminium: LME settlements US$1,423, alloy US$1,272 per tonne (Mar. 31/98).Antimony: Representative mid-market US$1,600 per tonne (Mar. 31/98).Bismuth: Representative mid-market US$4.05 per lb. (Mar. …
Industry slump, PDAC take toll on SME meeting
In deference to that part of the U.S. mining industry east of the Mississippi, the Society of Mining and Metallurgical Engineers (SME) held its annual convention in Florida this year.Attendance, at ab…