Barrick’s earnings slump as costs rise
Whereas most gold companies saw their bottom lines strengthened during the first quarter, Barrick Gold (ABX-T) suffered shrinking profits and revenue as production fell and costs rose at many of its b…
Articles by Northern Miner Staff
Editorial Cartoon (May 12, 2003)
Here’s to a soft landing
The decline of the United States dollar on international currency markets is, like the dot-com meltdown, one of those things everyone will say he saw coming a long time ago.It’s no great distinction t…
Placer to offload Falco stake
Placer Dome wants to divest itself of its interest in Falconbridge.Placer has a 14% share interest in the nickel producer, representing about 15.6 million shares. Placer’s Falconbridge shares are held…
Less gold worth more in Nevada
Nevada mines produced 7.7 million oz. gold in 2002, down about 5% from 2001, according to company reports compiled by the Nevada Division of Minerals.Nevada remains the top gold-producing state, while…
More gold in the Klondike
Steeped in the folklore of the Klondike and in the great gold rush of 1896, the Yukon is once again making a significant contribution to Canada’s cumulative gold output.This time, however, the product…
Summit leads to workplace policy on AIDS
Among the results of the recent Mining Industry HIV/AIDS Summit near Johannesburg is a resolution that all workplaces in South Africa institute sound policies and programs to deal with AIDS by next ye…
Intrepid looks to Argentina
Calingasta, Argentina — The acquisition of the Casposo gold-silver project in the province of San Juan provides Intrepid Minerals (IAU-V) with a platform for growth in Argentina.The Toronto-based jun…
NovaGold spins off assets
Vancouver — NovaGold Resources (NRI-T) and Viceroy Resource (VOY-T) have formed an company to explore for gold in the Yukon and British Columbia.Dubbed SpectrumGold, the company will hold all of Nova…
Trading Summary (May 09, 2003)
The Toronto Stock Exchange regained 29.26 points to end the week at 6,650.03 on Friday. The diversified miners edge…
Fronteer-Red Lake cut low-grade
Vancouver A four hole drill program by partners Fronteer Development Group (FRG-V) and Red Lake Resources (RL-V)…
Cambior trims its loss, hedge book
A higher realized gold price helped Cambior (CBJ-T) to a lower first-quarter loss, as the Montreal-based gold miner…