PRODUCER & DEALER PRICES (January 26, 1998)
Aluminium: LME settlements US$1,480.50, alloy US$1,339 per tonne (Jan.20/98).Antimony: Representative mid-market US$1,735 per tonne (Jan. 20/98).Bismuth: Representative mid-market US$3.35 per lb. (Jan…
Articles by Northern Miner Staff
STOCK MARKETS — Gold majors post gains as bullion rises — Base metal producers also enjoy a better week
Led by the surprising performance of the golds, the Toronto Stock Exchange 300 composite index ended the report period of Jan. 14-20 at 6509.45, a recovery of 179.86, or 2.8%, over its level of Jan. 1…
LETTERS TO THE EDITOR — Boom to bust and back again
The exploration industry has not experienced anything quite like the level of activity we have had over the past three years. It has been a world-wide party in terms of footage drilled, but, like all …
MOST ACTIVE ISSUES, Jan. 14-20
ExchgVol(000s)CloseWestmin ResT170785.30Barrick GoldT…
GOLD FUNDS (January 26, 1998)
Gold Funds as of January 15, 1998BGRCentralNet Value$14.49$5.99Price$11.50…
LME WHSE LEVELS (January 26, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan.20/98 (change from Jan. 13 in brackets):MetalStocks(tonnes)Change…
Drills turn at Burntbrush
Diamond drilling is under way at the Burntbrush gold property, 150 km northeast of Timmins, Ont.Tri Origin Exploration (TOE-T) optioned the 5,000-ha property from French-owned Cogema Resources in earl…
Apex locks up silver property in Honduras
Apex Silver Mines (SIL-X) will acquire a half interest in the Labor silver property in southwestern Honduras. The vendor, Intrepid Minerals (IAU-A), will retain the other half.The acquisition increase…
Metallica expands Brazilian resource
Metallica Resources (MR-T) has increased the gold resource at its Mara Rosa property in Brazil.A new calculation by a Chilean consultant puts the in situ gold resource in the Posse Mine zone at 12.7 m…
Cambior buys Barrick’s share of Doyon mine
Cambior (CBJ-T) has announced plans to buy out Barrick Gold’s (ABX-T) interest in the Doyon mine in Bousquet Twp., Quebec, and combine the operation with its wholly owned Mouska mine.The Montreal-base…
AFRICA — Nevsun expands reserves in Africa
Nevsun Resources (NSU-T) continues to increase reserves in Mali and Ghana, where it has established an overall primary resource of 2.5 million oz. gold.Nevsun first ventured into West Africa in 1993, …
AFRICA — Rupert tests South African pipe
A deep-seated multi-phase kimberlite pipe at the former-producing Crown diamond mine in South Africa is the target of a 7-hole, 5,000-metre program of delineation drilling by Rupert Resources (RUP-V)….