Franco-Nevada boosts earnings
Gold-royalty company Franco-Nevada Mining (FN-T) is heading into its merger with Gold Fields (GOLD-Q) with higher revenue and earnings. In the three months ended June 30, Franco-Nevada earned $29.4 mi…
Articles by Northern Miner Staff
Solitario, Altoro show urge to merge
Solitario Resources (SLR-T) has replaced its takeover bid for Altoro Gold (ATG-V) with an agreement unanimously approved by both boards of directors.Under the plan, shareholders of Altoro will exchang…
Partners renew search for Nunavut gold
With several targets left to test, partners Hope Bay Gold (HGC-T) and Miramar Mining (MAE-T) have renewed exploration at their Hope Bay gold property in Nunavut.The Hope Bay property covers nearly the…
Coeur d’Alene sees silver production jump 40% Samira Hill
Despite a 42% boost in silver production to 3 million oz., Coeur d’Alene Mines (CDE-N) posted a loss for the second quarter.The company reported a loss of US$10.5 million (or 28 per share) for the pe…
TSE Shorts (August 14, 2000)
Short positions outstanding at July 31, 2000Larger individual positions include: Abitibi-Consolidated 934,994 down 209,467; Alcan Aluminium Ltd. 635,395 down 106,962; Barrick Gold Corp. 6,51…
Expansion brightens outlook for Tarkwa
The Tarkwa mine in southwestern Ghana, operated by Gold Fields (GOLD-Q), saw its production increase and its costs go down in the three months ended June 30, reaping the benefits of an earlier expansi…
Black Pearl options Bannockburn nickel find
An agreement with Outokumpu Mines sets the stage for Black Pearl Minerals Consolidated (BLKP-C) to earn 60% or more of the Bannockburn nickel discovery, 27 km west of Matachewan, Ont.The 2,288-ha prop…
Mining only bright spot as CDNX index slides
Six months ago dot-coms were the darlings of western markets, and mining stocks were sickly wallflowers. That didn’t seem to be case for the week ended Aug. 1, when Canada’s junior exchange posted los…
Exchange Rates (August 07, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug. 1July 31July 28July 27July 26…
Metal Prices (August 07, 2000)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateAug. 1July 31July 28July 27…
Hope Bay raises $2 million
Hope Bay Gold (HGC-T) has raised $2 million through the private placement of 4.9 million units priced at 41 each. A unit consists of one share and one warrant, with a warrant entitling the holder to …
NDT picks up ground in Peru
NDT Ventures (NDE-V) is preparing to begin a work program at its newly acquired Antana gold project, 80 km from the city of Juliaca in southern Peru’s Puno department.The program will test gold minera…