Cumberland boosts Meadowbank resource
Vancouver-based Cumberland Resources (CBD-T) has increased resources at its Meadowbank gold project, 70 km north of Baker Lake in the new territory of Nunavut.Resources stand at 8.8 million tonnes ave…
1999
COAL, URANIUM & OIL SANDS — Coal production costs to come under scrutiny in 1999
Special to The Northern MinerNineteen ninety-nine is expected to be “the worst export year in a decade,” says a coal mining industry executive, and companies are going to be cutting, chopping and barg…
GOLD FUNDS (April 12, 1999)
Gold Funds as of April 1, 1999BGRCentralNet Value$13.445.70Price$9.30$5.8…
COAL, URANIUM & OIL SANDS — Poplar forms joint venture with Dia Met Minerals
North Star Diamonds, the 65%-owned subsidiary of Poplar Resources (PPX-V), has reached a preliminary agreement to option a 70% interest in its Swedish diamond project to Kelowna-based Dia Met Minerals…
COAL, URANIUM & OIL SANDS — Iamgold bouyed by profits
Increased production and lower costs from the Sadiola Hill gold mine in Mali have enabled Iamgold (IMG-T) to post higher revenue, income and cash flow in 1998 over the previous year.The company and pa…
MINING MARKETS & INVESTMENT NEWS — Richmont to buy own stock
Montreal-based Richmont Mines (RIC-T) intends to repurchase shares for cancellation. The Toronto and Montreal Stock Exchanges have accepted the company’s normal course issuer bid, which began March 24…
COAL, URANIUM & OIL SANDS –Expatriate expands Yukon position
Junior Expatriate Resources (EXR-V) has added to its Yukon holdings by acquiring the Hyland and Forty Mile properties.The Vancouver-based junior purchased a 100% interest in the 527 claims that compri…
Wheaton River expands at Bellavista gold property
Wheaton River Minerals (WRM-T) has boosted by 8% the amount of open-pit reserves at its Bellavista gold project in Costa Rica.Proven and probable reserves are now estimated at 11.2 million tonnes grad…
METAL PRICE
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateApril 6April 5April 2April 1…
MINING MARKETS & INVESTMENT NEWS — Analysts see return to profitability for Inco
John Lydall and Robert Webb of First Marathon Securities believe that beleaguered nickel miner Inco (N-STT) is turning the corner with a strong cost-cutting effort at its worldwide operations.The Bay …
COAL, URANIUM & OIL SANDS — Curator options Crowsnest
Eastfield Resources (ETF-V) has reached an agreement with International Curator Resources (IC-T) concerning exploration of the Crowsnest gold property in southeastern British Columbia.Curator can init…
LME WHSE LEVELS (April 12, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at April 6/99 (change from Mar. 30 in brackets):MetalStocks(tonnes)Change…