Kinross improves bottom line
Although still mired in the red, Kinross Gold (K-T) has lessened the load by increasing production and lowering cash costs at all of its primary operations.Losses in the three months ended June 30 tot…
Articles by Northern Miner Staff
Rockinghorse returns micros
A kimberlite discovery by Kennecott Canada Exploration on Tahera’s (TAH-T) Rockinghorse property in Nunavut has yielded a significant number of stones.An aggregate 276-kg sample of core from the disco…
Two new kimberlites found at Ekati
BHP Diamonds has uncovered two additional kimberlite pipes at the Ekati mine property in the Northwest Territories, bringing the total to 138.The latest pipes were discovered during a spring drilling …
Eldorado Gold tables Sayacik drill results
A 4-hole program of reverse-circulation drilling by Eldorado Gold (ELD-T) has returned up to 8.2% copper over 5 metres at the Sayacik target, some 6 km southwest of the advanced Kisladag project in Tu…
BHP Billiton, Corriente form alliance
Last year, Corriente Resources (CTQ-T) teamed up with Lowell Mineral Exploration and Billiton to explore porphyry copper projects in southern Ecuador. Now Corriente has joined forces with newly create…
Echo Bay dips toe in red ink
It’s small, but a loss nonetheless for American gold producer Echo Bay Mines (ECO-T). The company lost US$400,000 in the second quarter of 2001, compared with net earnings of US$10.2 million a year ea…
Starfield boosts Ferguson Lake (August 13, 2001)
Vancouver — Junior Starfield Resources (SRU-V) has revised its estimate for inferred resources at the Ferguson Lake copper-nickel-cobalt-platinum-palladium property, 160 km south of Baker Lake in Nun…
Producer and Dealer Prices (August 13, 2001)
Antimony: Mid-mkt US$1,015/t.Bismuth: Mid-mkt US$3.65/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$9.20-10.15/lb.Copper: Comex Sept. US$0.669/lb.Indium: In…
Iamgold profitable in second quarter
Still buoyed by the performance of the Sadiola Hill mine in western Mali, Iamgold (IMG-T) has posted second-quarter earnings of US$2.6 million (or 4 per share) on revenue of US$15.2 million.Sadiola, …
Analysts weigh prospects of base metal producers
The first half of 2001 was no picnic for base metal producers, and most mining analysts expect prices to remain weak and vulnerable to downward pressure from funds and speculators for the rest of the …
Aurora hits sulphides
Vancouver — Aurora Platinum (ARP-V) has intersected a 16.5-metre zone of low-grade nickel sulphide mineralization 465 metres below Nickel Lake on the Foy Offset property in Ontario.Hole 2 cut 1.5 met…
Spot Prices Wed. August 8, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$266.50-$1.20Silver$ 4.16-$0.08Platinum$442.00-$…