Articles by Northern Miner Staff

A member of the J.S. Redpath group of companies, Ram Raising, is claiming a world record for the longest Working at the Detour gold mine of Placer Dome near Timmins, Ont., Ram says it excavated a rais…

The Mogollon mining district in southwestern New Mexico is one of those mining areas that always seems to be on the verge of a rebirth. Between 1885 and 1944, the district produced 2.1 million tons of…

Drills are turning on ground 1 km west of the Lightning zone in northeastern Ontario. The property is 40%-owned by Teddy Bear Valley Mines (CDN), 36% by Hemlo Gold Mines (TSE) and 24% by Freewest Reso…

Gold bullion closed strongly again this week, rising to US$377.15 per oz. Most of the senior gold shares, however, responded weakly. The exception was Franco Nevada. It gained $4.25 to close at $93 by…

Euro-Nevada Mining — 1.1 million units consisting of sh and purchase wt @ $38 per unit. Equinox Resources — 3 million shs to be issued upon exercise of 3 million special wts. Each unit consists of o…

A general lack of market-moving news left western indexes drifting over our report period ended Dec. 7. The Vancouver Stock Exchange resource index added 6.67 points to close at 1,536.73 while the bro…

Price (US) Week’s Change Gold* $377.15 + $7.05 Silver* $ 4.96 + $0.53 Platinum* $376.75 + $10.00 Nickel** $ 2.26 + $0.16 Lead** $ 0.20 + $0.01 Copper $ 0.76 + $0.02 Zinc $ 0.45 + $0.03 Courtesy of Sco…

BGR Central Net Value $14.73 $6.20 Price $13.75 $6.875 Premium 10.9% Discount 6.67% Value $82,524,000 $112,200,576…

Semi-monthly reports as of Nov 15, showed 78,877,144 shares of 800 issues compared with 76,562,043 shares of 792 issues on Oct 31. Larger individual positions included: Aber 123,100; Agnico-Eagle 214,…

— Week — Dec 7 Dec 6 Dec 3 Dec 2 Dec 1 High Low Composite “300”4265.48 4235.99 4239.36 4226.32 4220.37 4266.01 4218.31 Metals & Mnrls 3434.12 3298.70 3280.84 3291.72 3290.08 3435.21 3270.93 Integrat…

Metal markets, though bloated with high production and inventories, continue to draw encouragement from consumption figures. Announcements of cutbacks and increased consumption are welcome but are not…

Reserves at the Portage and Copper Range mines at Chibougamau, Que., have doubled. MSV Resources (ME), which acquired the properties some nine months ago, reported minable reserves (as of Nov. 30) of …