Writedown spills red ink over Stillwater
A major writedown of mining assets has hampered the bottom line of Stillwater Mining (SWC-N), the largest primary producer of platinum group metals outside of South Africa.The company posted a net los…
Articles by Northern Miner Staff
Alcan wins award
Montreal-based Alcan has won an award in the category of Best Overall Company in the first edition of the International Business Awards.The honour comes just days after Fortune magazine named the alum…
St. Jude buys heap-leach plant for Goulagou-Rounga
Vancouver — Determined to exploit the oxide resources at its Goulagou-Rounga project in Burkina Faso, St. Jude Resources (SJD-V) has arranged to buy a heap-leach gold processing plant.The partly refu…
People (March 15, 2004)
Altius Minerals — Donald Warr appointed CFO; Brent Cook appointed to advisory board.Amera Resources — David Terry appointed VP of exploration.Apollo Gold — Melvyn “Mel” Williams appoin…
Trading Summary (March 12, 2004)
The power went out on the Toronto Stock Exchange’s utility sector on Friday, as the group fell 0.65 of a point to 1…
Tuobuka results fail to impress
Investors slammed shares in SKN Resources (SRL-V) after the company announced the latest sampling results from the…
McWatters trims its Kiena royalty (March 12, 2004)
McWatters Mining (MWA-T) has agreed to sell a portion of its Kiena mine royalties to Wesdome Gold Mines (WDG-V) for…
Boroo hits its stride
Cameco’s (CCO-T) 53.2%-owned Boroo gold mine, 110 km northwest of Mongolia’s capital city, Ulaanbaatar, has begun c…
Trading Summary (March 11, 2004)
Toronto’s gold and diversified metals & mining indices, and little else, rebounded on Thursday, with the golds grab…
Falconbridge green-lights Nickel Rim South
Falconbridge’s (FL-T) board of directors has given the thumbs up to a US$368-million underground definition drillin…
NAP nearly doubles production (March 11, 2004)
With the new primary crusher at its Lac des les mine near Thunder Bay, Ont., fully operational for a second consec…
Gulf axes non-compete payments
A special committee of independent directors of Gulf International Minerals (GIM-T) has decided that it will not ma…