Sherritt enjoys coal-fired quarter
Higher realized nickel prices helped Sherritt International (S-T) to improved second-quarter net earnings of $24.6 million.The profit, which translates into 15 per diluted share, is a marked improvem…
Articles by Northern Miner Staff
AngloGold trims hedge
Eyeing a strengthening gold price, AngloGold (AU-N) trimmed its hedge book by another 2.4 million oz., to 10.5 million oz., during the second quarter.The move, which followed a 1.7-million-oz. reducti…
Penasquito continuity confirmed (August 05, 2002)
Vancouver — The latest assay results from a recently completed 6,900-metre drill program on the Penasquito base metal property in Mexico have prompted Western Copper Holdings (WTC-T) to drill an addi…
Starfield bullish at Ferguson Lake
Vancouver — Starfield Resources (SRU-V) reports encouraging results from stepout and infill drilling at its Ferguson Lake nickel/copper/ cobalt/platinum-group-metal project in Nunavut.A stepout hole …
Freewest finds
Surface drift prospecting by Freewest Resources Canada (FWR-V) has turned up angular boulders with high gold grades at the Smoke Lake property in the Hemlo area of north-central Ontario.Smoke Lake, a …
Policies aim to strengthen Canada’s north
The federal government has introduced policies designed to strengthen standards for environmental protection through the reclamation of producing mine sites.The policies were developed in consultation…
Looking out for shareholders
The arrest of John Rigas and two of his sons, all former executives of insolvent Adelphia Communications, on securities fraud charges, and revelations that executives at Qwest Communications Internati…
Phelps Dodge takes loss in quarter (August 05, 2002)
Copper producer Phelps Dodge (PD-N) lost money in the three months ended June 30 but was able to reduce operating and overhead costs and clear off debt.The Arizona-based company booked a loss of US$36…
The Northern Miner — North American Mining Index (August 05, 2002)
70.81 (+3.95)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (August 05, 2002)
68.38 (-3.34)(Sept. 30/98 = 100)…
Stillwater down, but not out
Carrying the load of a second mine without the aid of similar metal prices, Stillwater Mining (SWC-N) earned half as much in the second quarter as it did in the comparable period of 2001.Net earnings …
Axmin finds gold at Passendro
Following a campaign of rotary air blast (RAB) drilling at its Bambari property in the Central African Republic, Axmin (AXM-V) has confirmed mineralization along the strike extension of its Passendro …