Algoma unveils credit plan
Algoma Steel is expected to lay off 800-1,000 people from its workforce of 3,900.The layoffs are part of a plan of arrangement and reorganization filed under the Companies’ Creditors Arrangement Act (…
Articles by Northern Miner Staff
MOST ACTIVE ISSUES, OCTOBER 24-30
ExchgVol(000s)HighLowCloseChangeAlcoa*N1092435.2432.9233.17-0.58…
Storliden enters final stretch
With its decline more than half-finished, the Storliden project is taking shape as Sweden’s newest copper-zinc mine.Situated in the Skelleftea district, the project is owned by Swedish-based North Atl…
Spot Prices Wed. October 31, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$280.95+$4.80Silver$ 4.28+$0.03Platinum$427.00+$…
Staff Investment Policy (November 05, 2001)
The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public off…
PDAC to focus on hot spots
The annual convention of the Prospectors and Developers Association of Canada, slated for March 10-13, 2002, at the Metro Toronto Convention Centre, will feature a keynote session on exploration hot s…
Good quarter for Dia Met
Higher production from the Ekati diamond mine in the Northwest Territories and sharply lower interest expenses have meant a near-doubling in earnings for Dia Met Minerals (DMM-T).The company posted ne…
Barrick earnings slip
Lower production and higher costs combined to reduce third-quarter earnings for Barrick Gold (ABX-T).Net earnings topped US$66 million (or 17 per share) in the three months ended Sept. 30, US$20 mill…
Quaterra tables Union Bay drill results
Vancouver — A 4-hole drill program at the Union Bay project in Alaska has returned narrow zones of platinum-palladium mineralization.Quaterra Resources (QTA-V) reports that the first two holes of the…
Starfield, Far West lead gainers
Vancouver — Canada’s junior exchange posted gains in the resource sector but not enough to keep the composite index from wallowing. The Canadian Venture Exchange composite index dropped 6.2 points, o…
Placer buoyed by Getchell writedown
The most heavily traded company on the Toronto Stock Exchange during the Oct. 24-30 report period was Placer Dome, which jumped $1.40 to $18.25 as investors applauded the company for “facing reality” …
Newmont banks on strong second half (November 05, 2001)
Vancouver — North America’s largest gold producer has tabled a solid third-quarter profit on the back of improved sales and a strong contribution from its Batu Hijau copper-gold mine in Indonesia.New…