GOLD FUNDS (February 15, 1999)
Gold Funds as of February 4, 1999BGRCentralNet Value$13.936.06Price$9.40$…
News
Companies (February 15, 1999)
Akrokeri-Ashanti Gold MinesAllied ResourcesArgentina GoldAscot ResourcesAtna ResourcesAur ResourcesBarrick GoldBattle Mountain GoldBema GoldBillitonBolidenBreakwater ResourcesCampbell Reso…
Newmont writes down assets
Low gold prices in the fourth quarter of 1998 forced Newmont Gold (NEM-N) to write down the value of the assets it acquired as a result of merging with Santa Fe Pacific in the previous year.The compan…
Energold’s expansion reflects stability in Dominican Republic
Having established its presence here more than a decade ago, Energold Mining (EGD-V) is continuing to focus on exploring for volcanogenic massive sulphide (VMS), porphyry copper-gold and epithermal go…
Barrick breaks records despite poor prices — President departs, bid for Argentina Gold goes by wayside
Thomas SchusterWhile many other producers are struggling to survive the lowest gold prices in two decades, Barrick Gold (ABX-T) turned in a stellar financial and operating performance for 1998, postin…
Yamana sizes up Lejano, North Bacon
Spokane-based Yamana Resources (YRI-T) is eager to resume drilling at its Lejano prospect in southern Argentina, following the release of a preliminary resource estimate.The company delineated 14.4 mi…
NEWS ROUNDUP — Kinross to explore near Timmins
A preliminary option agreement sets the stage for Kinross Gold (K-T) to explore and possibly purchase the Clavos gold property from United Tex-Sol Mines (UTX-A).To earn its interest, Kinross must spen…
MINING MARKETS & INVESTMENT NEWS – QUERY — Old Caramora leases held by Patrician
Does The Northern Miner have copies of annual reports for a company called Caramora Porcupine Mines Limited (John Pump, president)? This company was formed in 1945, and its charter was cancelled in 19…
Sutton boosts tonnage
Sutton Resources (STT-T) has tabled an inferred resource estimate for the new Reef-1 West gold zone at the Bulyanhulu project in Tanzania. The zone was discovered about 400 metres northwest of the Ree…
LETTERS TO THE EDITOR — Credentials, training essential for competent geostat evaluation
Geostatistics is rich with useful theoretical models. For example, the recipe for calculating optimal kriging weights can be found in projection theory. The ordinary kriging model is nothing more than…
MINING MARKETS & INVESTMENT NEWS – Trelleborg to divest Boliden
Swedish industrial conglomerate Trelleborg plans to divest its holding in its one-time subsidiary, Boliden (BOL-T), by distributing Boliden shares as a dividend to its shareholders.Trelleborg, which i…
NEWS ROUNDUP — Freewest to drill Golden Ridge
Based on encouraging results from trenching, Freewest Resources Canada (FWR-M) is preparing to drill-test its wholly owned Golden Ridge property, which straddles the Maine-New Brunswick border.Trenchi…