THE NORTHERN MINER — North American Mining Index (February 08, 1999)
85.64 (-0.97)
News
THE NORTHERN MINER –Small Producers Index
80.71 (-2.82)
Madison also eyes property’s placer potential
Junior Madison Enterprises (MNP-V) has released more encouraging drill results from the Mt. Kare gold project in Papua New Guinea.Diamond drilling has expanded the Black Zone area, resulting in the di…
Ashanti produces record amount of gold
Ashanti Goldfields (ASL-N) surpassed all its production and cost targets for 1998 on the strength of a banner fourth quarter.The company racked up 1.55 million oz. in gold production for the year (a 3…
NAME CHANGE (February 08, 1999)
Consolidated Richland Mines (CRX-V) has changed its name to Apogee Minerals (APE-V).
PRODUCER & DEALER PRICES (February 08, 1999)
Aluminium: LME settlements US$1,207.50, alloy US$1,033 per tonne (Feb. 2/99).Antimony: Representative mid-market US$1,365 per tonne (Feb. 2/99).Bismuth: Representative mid-market US$3.05 per lb. (Feb….
MINING MARKETS & INVESTMENT NEWS – U.S. MARKETS — Higher prices buoy producers
A surge in gold and silver prices helped U.S. producers, while the Dow Jones industrial average slid 50.46 points (0.5%) to finish the report period ended Feb. 2 at 9,274.12.Gold producers benefited f…
EDITORIAL & OPINION — NEW HORIZONS — Responsibility at heart of INAP
The International Network for Acid Prevention is a recently established organization founded by 17 of the world’s leading mining companies. Its purpose is to promote significant improvements in the ma…
Asarco takes loss for quarter
Asarco (AR-N) declared a net loss for the fourth quarter of 1998 as a result of low copper prices.After non-recurring items, the company lost US$68.7 million (or $1.73 per share), compared with net ea…
GREATEST VALUE TRADED, Jan. 27 – Feb. 2
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Kubaka’s performance buoys Kinross
With the Kubaka gold mine in Far Eastern Russia now its star performer, Kinross Gold (K-T) is continuing efforts to improve efficiencies at its other mines around the world.As part of this effort, Kin…
MINING MARKETS & INVESTMENT NEWS – WESTERN MARKETS — Mining index slips despite higher VSE composite
The Vancouver Stock Exchange composite index managed to edge up 0.49 of a point, or 0.1%, and close the week ended Feb. 2 at 419.22. The mining index did not fare as well, losing 7.12 points, or 2.3%,…