Goldcorp restarts Red Lake mine
After a 4-year production hiatus, the Red Lake mine in northwestern Ontario is once again producing gold.In early August, Goldcorp (G-T) poured 1,090 oz. from the High Grade zone. Another 63,000 oz. a…
Articles by Northern Miner Staff
Royal’s Greek project hits snag
The Greek government has pulled the plug on exploration at the Midas gold project on Milos island. The country’s environment ministry rejected the environmental impact study for the project, on the gr…
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…
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…