METAL PRICES — FREE MARKET (March 03, 1997)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateFeb. 25Feb. 24Feb. 21Feb. 20Feb. 19…
Articles by Northern Miner Staff
Mid-North reports find at Lynn Lake
Partners Mid-North Resources (MNU-A) and Consolidated Callinan Flin Flon Mines (CFF-V) have intersected gold mineralization while testing a geophysical conductor on their Lynn Lake property in Manitob…
Etruscan boosts stake in Tiawa
A recent agreement has allowed Etruscan Enterprises (EET-V) to buy the remaining 44% of the shares of African GeoMin not already held by the company.African GeoMin holds the exploration permit for the…
STOCK MARKETS — Gold stocks gain ground in steady market
The Toronto Stock Exchange was fractionally higher over the trading period Feb. 19-25, as the gold stocks staged a strong recovery. The TSE 300 composite index closed at 6,247.78 on Feb. 25, up 9.56 p…
Sale of assets helped Westmin in ’96
A one-time gain of $62.7 million from the sale of coal assets enabled Westmin Resources (WMI-T) to post net income of $21.3 million for 1996 on revenue of $100.8 million.By comparison, the company ear…
Queenstake Res. arranges private placement
Queenstake Resources (QTR-T) will use the proceeds from a $16.4-million private placement to fund exploration and development of its properties in Chile, and elsewhere in Latin America.The financing c…
Link confirms silver-gold veins
Drilling on Link Minerals’ (LMVL-C) Hombre Libre concession in Honduras has confirmed the existence of vein-hosted silver-gold mineralization.The 18-hole program tested three separate target areas — …
Agnico fails to repeat banner year
While Agnico-Eagle Mines (AGE-T) didn’t lose money in 1996, it nonetheless experienced a steep drop from the profit levels experienced in the previous year.The company reported net income of $300,000 …
COMMENTARY — Silver inventories could fall
The silver market in 1996 was much tighter than expected. A rise in mine production was offset by declining supply from government sales. As a result, the total supply of newly refined silver in the m…
More work for Petaquilla
Having kissed and made up after a short-lived dispute over a feasibility study, Adrian Resources (ADL-T), Teck (TEK-T) and Inmet Mining (IMN-T) have signed an agreement for the development of the Peta…
Guyana Goldfields drills Peters mine
Drill results are in hand from the first few holes of an ongoing program at the Peters mine property in Guyana, reports operator Guyana Goldfields (GGFI-C).Hole 1 returned 30 ft. grading 0.059 oz. gol…
Newmont reports boost in reserves
A global exploration effort has enabled Newmont Gold (NGN-N) to boost its gold reserves for the sixth consecutive year.The company ended 1996 with 37.1 million equity ounces of proven and probable res…