LETTER TO THE EDITOR — Bre-X coverage top-Notch
Having read your latest reports on Bre-X Minerals (T.N.M., March 26 and April 7/97), I am now able to assess the situation for myself.Instead of falling into sensationalism or making questionable and …
Articles by Northern Miner Staff
SouthernEra’s diamonds appraised
SouthernEra Resources (SUF-T) has received the valuation results for diamonds discovered at its Klipspringer project in South Africa.A parcel of 4,832 carats from run-of-Mine production evaluated by f…
Viceroy Res. posts loss over 9-Month period in 1996
For the last nine months of 1996, Viceroy Resource (VOY-T) suffered a loss of $39.2 million, or 80 cents per share.The loss stemmed from a $39.6-Million adjustment in the carrying value of the company…
STOCK MARKETS — Toronto composite index on the mend as gold jitters continue — Some base metals gain momentum lost in previous weeks
The Toronto Stock Exchange 300 composite index took a nose-dive during the report period ended April 16, dropping 77.46 points (or 1.3%) to 5,743.55.However, a jump of 64.22 points in trading on April…
Caledonia secures partner for Kikerk — BHP completes till-sampling program at Dunvegan
Caledonia Mining (CAL-T) has optioned half of its wholly owned Kikerk diamond property to Portree.To earn a half interest, Portree has agreed to spend $1 million exploring the property, which is in th…
METAL PRICES — Daily Metal Prices (April 21, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateApr. 15Apr. 14Apr. 11Apr. 10A…
LETTER TO THE EDITOR — The search for mines remains a risky venture
Your recent editorial, “The Bitter Taste of Humble Pie” (T.N.M., April 14/97), was far more contrite than present circumstances warrant. A bad situation has been made far worse, not by the more constr…
PRODUCER PRICES (April 21, 1997)
Aluminium: LME settlements US$1,520.50 per tonne, alloy $1,425 per tonne (April 15/97).Antimony: Composite free market, US$2,400 per tonne (April 15/97).Bismuth: Composite free market US$3.11 per lb. …
TORONTO STOCK EXCHANGE INDICES (April 21, 1997)
1997Apr.15Apr.14Apr.11Apr.10Apr.9HighLowComposite…
STOCK MARKETS — Juniors take a beating as VSE composite drops for second straight week — Winspear recovers ground following kimberlite intersection in Northwest Territories
Junior mining stocks were battered over the report period ended April 15.The Vancouver Stock Exchange composite index closed down 55.59 points, or 5.06%, to 1,043.44, whereas the resource index fell 1…
Phelps Dodge stays on course during quarter
Despite a slight downturn in copper prices, Phelps Dodge (PD-N) earned a profit in the first quarter.Income amounted to US$137.5 million (or $2.12 per share) on revenue of just over US$1 billion, comp…
Stock mill begins custom milling
The Stock mill near Matheson, Ont., has begun operating again after a suspension of nearly three years.The mill, which is owned and operated by St Andrew Goldfields (SAS-T), recently began milling ore…