SPOT PRICES (March 16, 1998)
Wednesday, March 11, 1998Price (US)Week’s ChangeGold*$295.25- $0.75Silver*$ 6.31…
Articles by Northern Miner Staff
Rupert arranges financing
Rupert Resources (RUP-V) has arranged a $4.65-million brokered special warrant financing.The financing, led by C.M. Oliver, will consist of up to 1.5 million special warrants at $3.10 each. Each speci…
Semafo on target at Ghanaian property
Montreal-based West African Mining Exploration (SMF-T) reports that an ongoing prefeasibility study has confirmed the presence of oxide and sulphide gold mineralization at the Teleku-Bokazo property i…
Bolivar to buy Revemin mill
Bolivar Goldfields (BVG-T) is dropping its lawsuit against Monarch Resources (MRE-T) and buying Monarch’s majority interest in the Revemin processing plant, situated 16 km from Bolivar’s Tomi gold con…
STOCK MARKETS — Base metals head up in buoyant market — TSE indexes make new highs as base metals jump 7%
The base metal stocks were the stars of the market as the Toronto Stock Exchange reached a new all-time high on Mar. 10. Over the five trading days Mar. 4-10, the TSE 300 composite index climbed 158 p…
NovaGold hits hot holes at Murray Brook property
Dartmouth, N.S.-based NovaGold Resources (NRI-T) is encouraged by diamond drill results from its Murray Brook polymetallic property, 37 miles west of Bathurst, N.B.The recently completed program, whic…
Gold Reserve produces prefeasibility study at Las Brisas
A detailed prefeasibility study has branded the Brisas gold-copper project in southeastern Venezuela uneconomic, Gold Reserve (GLR-T) reports.Independent consulting firm JE MinCorp, a Denver-based div…
OPINION — Low copper prices settle in
While mine closures have had the impact of reducing copper concentrate availability, the volume of production will be overwhelming in the second half of 1998 and throughout 1999. To have visible impac…
COMMENTARY — The value of the prospector (March 16, 1998)
.BWilliam SulzerThe prospector is the most useful man to commerce and the most valuable man of civilization.Political economists tell us that next to agriculture, mining is the next greatest industry….
EDITORIAL — The time for debt fight is now — Fiscal dividend wasted
Four years ago, the Canadian government recorded a deficit of $42 billion.This year, it is out of the red and into the black, a feat not accomplished in 50 years. South of the border, U.S. President B…
Barrick reports strong quarter
Major leaguer Barrick Gold (ABX-T) increased its fourth-quarter earnings by boosting production and lowering cash costs.In the three months ended Dec. 31, 1997, Barrick earned US$75 million, compared …
Canarc takes shine to Mexican prospect
Junior Canarc Resource (CCM-T) has acquired a polymetallic prospect on 19,600 ha of ground in the bourgeoning El Salvador area play in central Mexico.The property, known as Lobo 3, lies 20 km northeas…