SPOT PRICES Wed. October 13, 1999
Precious MetalsPrice (US$/oz.)ChangeGold$320.50-$4.50Silver$ 5.55+$0.08…
News
Lihir plans merger with Niugini
Lihir Gold (LIHRY-Q) has offered to acquire all the outstanding shares of Australian-listed Niugini Mining.Niugini, which is 50.5%-owned by Battle Mountain Gold (BMG-N), owns a 17% interest (equivalen…
Viceroy closes deal Down Under
Viceroy Resources (VOY-T) has completed its acquisition of the Bounty gold mine in Western Australia from Forrestania Gold, a wholly owned subsidiary of Toronto-based LionOre Mining International (LIM…
Hot values intersected at Silvertip
Peruvian Gold (PVO-V) and Imperial Metals (IPM-T) have encountered encouraging silver-zinc-lead values at their jointly held Silvertip project in northern British Columbia.The second hole of a 3-hole …
Asia Pacific finances project
Asia Pacific Resources (APQ-T) will finance development of its Somboon potash property in northeastern Thailand by arranging a $6.2-million private placement.The placement will consist of 2.4 million …
Juniors find gold in Nfld
Fort Knox Gold Resources (FNX-T) and Northway Explorations (NOW-T) have discovered surface gold mineralization at the Twi-Lite property in central Newfoundland.Channel sampling returned up to 23.6 gra…
LATIN AMERICA — Argentine exploration tied to Chilean gold trends
Mineral exploration in Argentina continues to focus on extensions of Chilean gold belts, including El Indio and Maricunga.The success of Argentina Gold’s Veladero project, in the northwestern province…
LATIN AMERICA — Chile’s SX-EW mines hit full stride
Having spent the better part of this decade in the development stage, Chile’s 16 new solvent extraction-electrowinning (SX-EW) copper mines are finally pushing the country’s production to record level…
LATIN AMERICA — Full speed ahead as Antamina’s partners dip into treasury — Huge polymetallic mine in northwestern Peru moves closer to production
Special to The Northern MinerConstruction at the Antamina project in northwestern Peru has moved into high gear since its Canadian owners secured more than US$1.3 billion in debt financing to develop …
St Andrew, Holmer team up at Timmins
St Andrew Goldfields (SAS-T) says it intends to earn a majority interest in the Timmins gold project in Ontario’s Bristol Twp.Property owner Holmer Gold (HGM-T) reports that the deposit contains a res…
Sulliden ready to drill at Santo Toribio in Peru
Promising early results from the Santo Toribio project in Ancash department in west-central Peru offer Sulliden Exploration (SUE-M) hope it can imitate a nearby success story.Santo Toribio is about 7 …
LATIN AMERICA — Noranda options Chilean copper-gold prospect
Noranda (NOR-T) and Metallica Resources (MR-T) has signed an agreement to explore the Morro copper-gold property in north-central Chile.The major can earn a 70% interest in the 185-sq. km property by …