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…
Articles by Northern Miner Staff
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…
Vengold increases interest in Lihir
Vengold (VEN-T) has increased its interest in the Lihir gold project in Papua New Guinea to 7.1% from 5.7%.Under an arrangement with National Provident Fund, one of Papua New Guinea’s leading financia…
PEOPLE — SPIRE VENTURES (April 21, 1997)
George Gorzynski appointed director.
PEOPLE — RAMPTON
Paul Cowlery appointed director.
Kinross hits gold at Vogel
Kinross Gold (K-T) continues to uncover deep gold intersections at Black Hawk Mining’s (BHK-T) Vogel property near Timmins, Ont.Each of the 13 new holes intersected gold-bearing structures. Results in…
PEOPLE — PALMER
Jerry Pogue appointed chairman and chief executive officer; George Sanders appointed director, president and chief operating officer.