Gold’s recovery lands Placer Dome in the black
Vancouver — Higher gold prices helped Placer Dome (PDG-T) generate sizable earnings in 2002, though US$40 million of unforeseen charges soured the profit margin in the fourth quarter.The company earn…
Articles by Northern Miner Staff
Shareholders approve Fording plan (March 03, 2003)
The plan of arrangement under which coal producer Fording (FDG-T) would be converted into an income trust has received shareholder approval at a special meeting in Calgary, allowing Fording to combine…
Agreement will standardize African mining codes
African mining ministers have agreed to standardize mining codes across the continent in an effort to attract greater foreign investment.Phumzile Mlambo-Ngcuka, the South African minister of minerals …
Broad market flops as gold surges
The S&P-TSX composite index continued its downward spiral over the Feb. 19-25 report period, slipping 89.45 points to 6,503.10.Not even a surge in spot gold could save producers: Placer Dome plummeted…
Aur tackles debt as earnings shrink
Despite higher mine production and stronger copper prices, Aur Resources (AUR-T) watched its profits wither in the fourth quarter of 2002.The company earned US$1.9 million (or US2 per share) on reven…
Afton moves to prefeasibility
Vancouver — DRC Resources (DRC-T) has hired Vancouver-based Behre Dolbear & Co. to perform a prefeasibility study of the Afton copper-gold project, near Kamloops, B.C.The study will focus on the mine…
McWatters acquires East Malartic mill
Two transactions, one with Quebec government-owned Soquem and another with Barrick Gold (ABX-T), will give McWatters Mining (MWA-T) a major position in the Val d’Or region of northwestern Quebe…
LME Warehouse Levels (March 03, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 25 (change from Feb. 18 in brackets):MetalStock(Tonnes)ChangeAluminium1227800…
Trading Summary (March 02, 2003)
The Toronto Stock Exchange’s TSX Composite index fell 27.07 points to 6,555.12 on Friday, with eight of twelve mark…
Northgate reduces debt, increases production, but posts loss
Vancouver Higher gold prices and increased production at its Kemess South mine in BC. allowed Northgate Explorati…
Anglogold eyes Candente ground
Vancouver Anglogold (AU-N) has paid Candente Resource (DNT-V) $10,000 for the right oif first refusal over ten of…
Trading Summary (February 28, 2003)
The Toronto Stock Exchange’s TSX Composite index fell 27.07 points to 6,555.12 on Friday, with eight of twelve mark…