Kennecott options ground
Junior White Knight Resources (WKR-V) has optioned an interest in its Lone Mountain gold property in Nevada’s Elko Cty. to Kennecott Exploration.The Rio Tinto (RTP-N) subsidiary can earn an initial 51…
News
Formation seeks to advance Sunshine project in Idaho
A $1-million private placement will enable cobalt explorer Formation Capital (FCO-T) to develop its Sunshine project in east-central Idaho.The financing will consist of 4 million units priced at 25 ce…
COAL, URANIUM & OIL SANDS — Southern Peru funds expansion
A 15-year loan agreement with Mitsui of Japan will enable Southern Peru Copper (PCU-N) to expand its operations.The US$100-million deal is linked to a long-term contract to sell copper.Southern Peru i…
COAL, URANIUM & OIL SANDS — Juniors to merge
Queenstake Resources (QTR-T) and Santa Cruz Gold (scg-t) have agreed to merge.Queenstake brings to the table properties in Peru, Chile and Mexico plus $8 million in cash.In Peru, the company holds 130…
COAL, URANIUM & OIL SANDS — Partners active at Riou Lake
It’s a far cry from the 1970s, when Saskatchewan’s Athabaska Basin was staked solid and dozens of companies had active uranium exploration programs, but a modest renewal of activity in the area has ac…
Greenstone pours San Andres gold
Having overcome a few setbacks, Greenstone Resources (GRE-T) has poured its first gold at the San Andres open-pit heap-leach mine in Honduras.The celebration follows several weeks of delays caused by …
Hecla buys La Camorra from Monarch
Hecla Mining (HL-N) has signed a letter-of-agreement to pay US$15 million in cash and US$13 million in shares for the La Camorra gold mine in southeastern Venezuela and all remaining assets held by Mo…
MOST ACTIVE ISSUES, Mar. 31-Apr. 6
ExchgVol(000s)HighLowCloseChangeAmericn GemT48242…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Dow flirts with 10,000 again
The Dow Jones industrial average continues to toy with the 10,000 mark. In the report period ended Arpil 6, the Dow cleared the mark once, before falling back to finish the week up 50.23 points, or 0….
EDITORIAL & OPINION — COMMENTARY — Living Legacy a backroom deal
In a letter published in The Northern Miner’s April 20 issue, Chris Hodgson, minister of northern development and mines, defended his Lands For Life initiative by indicating that Ontario’s land-use pl…
GREATEST VALUE TRADED, Mar. 31-Apr. 6
ExchgVal($000s)HighLowCloseChangeBarrick GoldT138…
SPOT PRICES, March 24, 1999 (April 12, 1999)
Wednesday April 7, 1999Precious MetalsPrice (US)ChangeGold$280.25+$0.45Silver$ 4.9…