Rio Algom profits grow
On the back of higher copper prices and sales volumes, Rio Algom (ROM-T) earned $16 million (or 15 per share) on revenue of $564 million in the three months ended June 30, compared with $4 million (2…
Articles by Northern Miner Staff
GAC-MAC 2001 set for St. John’s
The Geological Association of Canada and the Mineralogical Association of Canada will be holding their joint annual meeting for the year 2001 in St. John’s, Nfld.The meeting, the country’s principal a…
MOST ACTIVE ISSUES, August 2-8
ExchgVol(000s)HighLowCloseChangeAlcoa*N 10242 34.88 30.69 34.62 + 3…
GREATEST VALUE TRADED, August 2-8
ExchgVal($000s)HighLowCloseChangeAlcoa*N 354657 34.88 30.69 34.62 +…
Copper, aluminum take a tumble
Trading data from the Commodity Futures Trading Commission indicate that speculative interest in copper is at its highest level in the past six months, so markets could be vulnerable to long liquidati…
Stillwater viewed as possible takeover target Investment Commentary
The expansion program that was supposed to boost the fortunes of Stillwater Mining (SWC-A) is 18 months behind schedule and still not free of problems, prompting some analysts to speculate that the wi…
Teck buoyed by Cominco
Cominco’s (CLT-T) solid financial performance helped support Teck (TEK-T) during the recent second quarter.Teck tabled earnings of $11 million (or 10 per share) on revenue of $158 million, compared w…
Tahera completes financing
Diamond explorer Tahera (TAH-T) will get a $13-million cash infusion from Australian mining financier Joseph Gutnick, pursuant to an equity deal announced in early June.Edensor Nominees, trustee of a …
Revised study for Samira Hill
Partners Etruscan Resources (EET-T) and Semafo (SMF-T) have tabled a revised feasibility study for their developing Samira Hill open-pit gold project in Niger.The new plan calls for the milling of 6,0…
Homestake hit by Eskay shortfall
A production shortfall at the Eskay Creek mine, north of Stewart, B.C., contributed to a disappointing second quarter for Homestake Mining (HM-N).The San Francisco-based company posted a loss of US$16…
Students plan platinum short course
Student chapters of the Society of Economic Geologists at Laurentian University and the Universities of Toronto and Western Ontario have arranged a 2-day short course on exploration for platinum group…
Dow charges, leaves gold behind
The Dow Jones industrial average climbed 369.94 points, or 3.5%, during the report period Aug. 2-8 to close at 10,976.89 on reeports that inflation remains in check.Spot gold on the Comex division of …