Correction (August 30, 1999)
In our Aug. 16 issue, we incorrectly stated that the Tulawaka property in Tanzania belongs to Tan Range Exploration (TNX-A). In fact, it is a 70-30 joint venture between Pangea Goldfields (PGD-T) and …
News
Alta shuts down Olinghouse
Pending resolution of bankruptcy proceedings, Alta Gold (ALTAQ-O) has suspended mining at the Olinghouse gold mine, 30 miles east of Reno, Nev.The company hopes to avoid bankruptcy by selling a 40% in…
INVESTMENT COMMENTARY — Great Basin seen as classic ‘drill-hole trading play’
It has been said that only two things drive the Vancouver Stock Exchange’s resource market: the price of gold and hot drill results. With the price of gold in the dumper, junior companies not only hav…
The Northern Miner Small Producers Index (August 30, 1999)
67.04 (-0.18)(Sept. 30/98 = 100)…
Metal Prices (August 30, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateAug. 24Aug. 23Aug. 20Aug. 19…
The Northern Miner North American Mining Index (August 30, 1999)
98.70 (+0.42)(Sept. 30/98 = 100)…
MOST ACTIVE ISSUES (August 30, 1999)
August 18-24, 1999CompanyExchgVolume(000s)HighLowCloseChangeInco…
NEWS IN BRIEF (August 30, 1999)
Athlone Resources (AT-V) has changed its name to Athlone Minerals (ATH-V) on a 1-new-for-10-old-share basis.
DIAMOND PAGE — Dia Met, BHP sell Ekati rough
Partners Dia Met Minerals (DMM-T) and BHP Diamonds have entered into preliminary agreements with Denton’cho Diamonds and Arslanian Cutting Works regarding the supply of rough diamonds from the Ekati d…
Companies (August 30, 1999)
Aber ResourcesAlta GoldAsarcoAthlone MineralsAthlone ResourcesBarrick GoldBroken Hill ProprietaryCambiorChesbar ResourcesCoeur d’Alene MinesCorner Bay MineralsCyprus Amax MineralsDia Met MineralsEldor…
Barrick, Pangea drill in Tanzania
Barrick Gold (ABX-T) will conduct a 10,000-metre drill program on Pangea Goldfields’ (PGD-T) Golden Ridge property in the Kahama greenstone belt of Tanzania.The $1-million campaign will attempt to ext…
Careers (August 30, 1999)
Division ManagerWe are a leader in the design and manufacture of underground mining equipment and are looking for an individual to assist in our growth strategy as it relates to the design and marketi…