Costs, writedown take toll on Bema
Vancouver — The triple-whammy of low gold prices, high production costs and a US$9.3-million writedown has pushed Bema Gold (BGO-T) deeper into the red.The Vancouver-based company posted a third-quar…
Articles by Northern Miner Staff
Virginia, Soquem test target
Drilling by partners Virginia Gold Mines (VIA-T) and Quebec government-owned Soquem has intersected nickel, copper and cobalt mineralization at the Chute-des-Passes property, 150 km north of Lac St. J…
Twin Mining proves up Torngat diamond property
Toronto-based Twin Mining (TWG-T) has pulled commercial-size stones from the diamondiferous kimberlite dykes in the Alluviaq Fjord area of the Torngat Mountains in northwestern Quebec.The Torngat prop…
Weda Bay boosts nickel-cobalt resource (December 11, 2000)
Weda Bay Minerals (WDA-T) has substantially increased the resource base at its nickel-cobalt laterite project on Halmahera island, Indonesia.Indicated resources have doubled to 133 million tonnes grad…
Imperial hits sulphides near Revelstoke
Vancouver — Imperial Metals (IMP-T) has intersected massive sulphides in four of seven holes drilled at the Spire property, near Revelstoke, B.C. The target is described as having encouraging copper …
Atna rated a speculative buy
Tax-loss selling at this time of year typically creates a seasonal weakness that many speculative investors use to their advantage, to bottom-feed on the junior resource sector.At 40-42, Atna Resourc…
Market improves after slump
Denver — The Dow Jones industrial average jumped 391.14 points, or 3.7%, to close at 10,898.72 for the report period ended Dec. 5. The rise reflected both the possibility of a interest rate cut and t…
VBN redemption gets nod
At a special meeting in Toronto, shareholders of Inco’s (N-T) Class VBN shares (NV-T) voted in favour of amending the terms of the shares, thereby accepting a redemption offer from Inco.The company ca…
Aur nabs Quebrada Blanca
Aur Resources (AUR-T) has completed its purchase of a 76.5% stake in Compania Minera Quebrada Blanca, which owns and operates the Quebrada Blanca copper mine in Chile.Aur paid vendors Cominco (CLT-T) …
MEETINGS (December 04, 2000)
Dec. 8 Canadian Zinc — extraordinary; 10 a.m., Ste. 1202, 700 W. Pender St., VancouverDec. 8 Consol. Viscount Res. — general, extraordinary; 10 a.m., Ste. 1320, 925 W. Georgia St., VancouverDec. 8…
Sigma writedown sinks McWatters’ quarter
A dip in production levels and a $16.6-million writedown stemming from the closure of underground operations at the Sigma-Lamaque complex in Val d’Or, Que., pulled McWatters Mining (MCW-T) further int…
AngloGold eyes asset sales in South Africa
Denver — The world’s largest gold producer, AngloGold (AU-N), is considering selling the Elandsrand and Deelkraal gold mines and some of its Free State operations in South Africa.The company says it …