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…
Articles by Northern Miner Staff
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 …
Claude squeezes costs, maintains earnings
Gold producer Claude Resources (CRJ-T) finished the third quarter of 2000 with net earnings of $1 million and is on-track to turn a modest profit at year-end.Claude earned 3 per share on revenue of $…
Hope Bay resource smaller but better
Partners Miramar Mining (MAE-T) and Hope Bay Gold (HGC-T) have announced a resource estimate for their Hope Bay gold property, which is smaller but more reliable than previous estimates.Drilling at th…
BHP, Rio Tinto to expand Escondida
Denver — Partners Broken Hill Proprietary (BHP-N) and Rio Tinto (RTP-N) have approved a US$1.04-billion expansion that would increase annual copper output at the giant Escondida copper mine in northe…
Mazarin to buy Teck’s stake in Niobec
Industrial-minerals junior Mazarin (MAZ-T) has struck a deal to acquire Teck’s (TEK-T) half-interest in the underground Niobec niobium mine, 11 km north of Chicoutimi, Que.The Quebec City-based compan…
Diamond potential of James Bay Lowlands attracts attention
Results from a 7,000-tonne bulk-sampling program by De Beers Consolidated Mines (DBRSY-Q) in the James Bay Lowlands underscores the diamond exploration potential of the Superior Craton. Occupying port…