DIAMOND PAGE — Verena to explore in Brazil
Toronto-based Verena Minerals (VMCO-C) has acquired exploration rights to a producing diamond property in Brazil’s Minas Gerais state.The property comprises 20,000 ha of alluvial terraces, with minera…
Articles by Northern Miner Staff
EDITORIAL — Voisey’s Bay becoming a political football — Inco on the ropes
Big corporations, politicians and lawyers are rarely on the receiving end of public sympathy.Inco, one of the world’s largest nickel producers, is no doubt feeling somewhat battered in its fight to ad…
GREATEST VALUE TRADED, Feb. 4-10
ExchgValue($000s)HighLowCloseChangeBarrick GoldT2…
MOST ACTIVE ISSUES, Feb. 4-10
ExchgVol(000s)CloseBarrick GoldT915128.35Kinross GldT…
TSE SHORT POSITIONS (February 16, 1998)
Short positions outstanding at January 30, 1998Larger individual positions include:Barrick Gold 15,656,134, up 4,624,658; Black Swan Gold 386,700, up 286,200; Caledonia Mining 91,500, up 89,000; Campb…
GOLD FUNDS (February 16, 1998)
Gold Funds as of February 5, 1998BGRCentralNet Value$15.67$7.07Price$11.85…
SPOT PRICES (February 16, 1998)
Wednesday, February 11, 1998Price (US)Week’s ChangeGold*$298.95+ $3.75Silver*$ 7.0…
Izok Lake deal terminated
Inmet Mining (IMN-T) has cancelled its agreement to sell the Izok Lake polymetallic property in the Bathurst Inlet region of the Northwest Territories to Kit Resources (KIT-T).The company’s decision s…
Warren Buffet takes stake in silver
The price of silver was given a boost last week when American investment guru Warren Buffet announced that his company, Berkshire Hathaway, had taken a large stake in bullion silver.The price of the m…
More solid results from San Nicolas
The latest assay results from the San Nicolas massive sulphide discovery in Mexico’s Zacatecas state bolster the theory that the mineralization is capped by a higher-grade polymetallic zone, with a lo…
Kinross plans to merge with Amax — Will create fifth-largest gold producer in North America
Like a father arranging his daughter’s dowry, the parent company of Amax Gold (AU-N) has brokered a deal that will pair it off with a Canadian producer.Colorado-based Cyprus Amax Minerals (CYM-N), whi…
Altavista advances feasibility work at Santa Anna
Recent infill drilling by Altavista Mines (AIA-M) at its Santa Anna property in northwestern Quebec has confirmed the continuity of several gold-bearing zones.The ongoing 4,000-metre program is design…