Meridian falls slightly in Q3 (October 28, 2002)
Reno, Nev.-based Meridian Gold (MDG-T) has chalked up another profitable quarter, pocketing US$9.2 million for the three months ended Sept. 30 as revenue soared to US$33.6 million.The US10-per-share …
Articles by Northern Miner Staff
King Eider kimberlite proves complex
Eager to get a better handle on the diamond distribution of the known King Eider kimberlite on Victoria Island, partners Diamonds North Resources (DDN-V) and Canabrava Diamond (CNB-V) have drilled two…
Laramide offers more shares
Higher demand for its shares has prompted Laramide Resources to increase the size of its private placement to 1.4 million units.A unit remains priced at 15 and still entitles the holder to a share an…
Matamec finds more Sakami gold (October 28, 2002)
Junior Matamec (MAT-V) has found several more gold showings at its Sakami property in the James Bay region of Quebec.In the JR area, 25 of 126 grab samples yielded between 0.1 and 9.6 grams gold per t…
Third-quarter earnings up at Inco
Nickel producer Inco (N-T) saw its earnings increase in the normally slow third quarter, largely owing to higher nickel prices.Inco posted a US$84-million profit, or net earnings of US$91 million, for…
FNX, Dynatec confirm zone at Norman (October 28, 2002)
Infill drilling on the North zone of the Norman nickel-copper deposit, northeast of Sudbury, Ont., has confirmed mineralization at vertical depths of around 165 metres.The program, carried out by part…
Apex drops Atna’s Chanarcillo property (October 28, 2002)
Vancouver — Apex Silver Mines (SIL-A) will cease exploration of Atna Resources’ (ATN-T) Chanarcillo silver property in Chile.The decision follows the release, by Atna, of drill results from a 19-hole…
Producer and Dealer Prices (October 28, 2002)
Antimony: Recent trades US$3,150-3,350/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.40/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.00-6.50/lb.Copper: Comex Dec US$0.6975/lb….
Canadian Stock Exchange Indices (October 28, 2002)
DateOct. 22Oct. 21Oct. 18Oct. 17Oct. 16HighLowTSX Composite6291.666362.316326.616274.79…
Sherritt, Ontario Teachers put Fording on notice
Fording, Canada’s largest producer of export coal, took centre-stage in the Oct. 16-22 report period, becoming the latest takeover target of Sherritt International and the Ontario Teacher’s Pension Pl…
Junior market ends bearish slide
Vancouver — Canada’s junior exchange managed to find a few points while the major bourses rallied over the week ended Oct. 22. The S&P TSX Venture Exchange composite index tacked on 2.33 points, or 0…
Noranda inks Hemlo deal
Noranda’s exploration company has signed an agreement with Goliath Gold Mines and Golden Sceptre Resources that will likely result in a producing Hemlo area mine within two years.The deal, which gives…