Regarding your editorials “NWMA vs. Babbit” (T.N.M., Sept. 21-27/98) and “Tuning out” (Nov. 2-8/98), I would like to point out the serious and perilous position in which we in the mining industry find…
The Vancouver Stock Exchange composite index edged up 3.3 points to close the report period ended Dec. 1 at 393.08. The mining index remained steady at 290.89, gaining only a hundredth of a point from…
SPECIAL TO THE NORTHERN MINERAlmost five years after being released from jail, three Australian prospectors have lodged an appeal over their conviction for the $A6-million Karpa Springs gold fraud.Cla…
Spurred by the third cut to interest rates this year, the Dow Jones industrial average surged during the Nov. 18-24 report period to an all-time high of 9,301.15 points. The average peaked at 9,374.27…
Aluminium: LME settlements US$1,281, alloy US$1,072 per tonne (Nov. 24/98).Antimony: Representative mid-market US$1,295 per tonne (Nov. 24/98).Bismuth: Representative mid-market US$3.20 per lb. (Nov. …
Short positions outstanding at November 15, 1998Larger individual positions include: Abitibi Consolidated 1,138,990; Alcan Aluminium 1,358,606, up 274,401; Anderson Exploration 214,560; Asia Pacific R…
Monopros, the Canadian exploration arm of De Beers Consolidated Mines (DBRS-Q), is looking at Canadian diamond potential over the long haul.The company recently added an office in an east-Toronto subu…
In a low-price environment, when second-quartile producers just aren’t good enough, many mining companies are forced to persuade bankers that their mines can still make money. The process is doubly ha…
Although production at its San Francisco gold mine was up by more than a third, Geomaque Exploration (GEO-T) was unable to turn a profit in the latest third quarter.The mine, in Mexico’s Sonora state,…
Exploration at the El Pluma/Cerro Saavedra property in southern Argentina has resulted in the discovery of another significant gold-silver zone for Minera Andes (MAI-A).Reconnaissance sampling has loc…
GeoNova Explorations (GNE-M) and Inmet Mining (IMN-T) have reworked a 1995 agreement which provided the former with an option to acquire the latter’s Chevrier gold project near Chibougamau, Que.Under …
Twin Star Holdings, part of the Sterlite group, has agreed to make a major investment in First Dynasty Mines (FDM-T), subject to due diligence and necessary approvals.The Sterlite group produces and p…
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