Record production at Sadiola Hill
On the strength of record production at the Sadiola Hill gold mine in western Mali, Iamgold (IMG-T) posted a profit of US$4.7 million (US6 per share) on revenue of US$17.6 million for the three month…
Articles by Northern Miner Staff
SPC finances Toquepala
Southern Peru Copper (PCU-N) has raised US$30 million, through the sale of bonds, to finance an expansion of the Toquepala open-pit copper mine and modifications to the Ilo smelter.The bonds, due in J…
MOST ACTIVE ISSUES, July 26-Aug. 1
ExchgVol(000s)HighLowCloseChangeAlcoa*N 11088 32.12 29.56 31.06 -…
Northern Miner Indices (August 07, 2000)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T22.7ComincoCLT-T3.8FalconbridgeFL-T7.0Franco-Nevada MiningFN-T5.8Freeport McMoR…
Falconbridge chalks up another profitable quarter
The continued strength of base and platinum group metals translated into another profitable quarter for Falconbridge (FL-T).Net earnings for the three months ended June 30 topped $126.3 million (or 70…
NAME CHANGES (July 31, 2000)
Akash Ventures (AKH-V) has changed its name to International Akash Ventures (IKS-V) on a 1-new-to-3-old share basis.Aegean Gold (AEG-V) has changed its name to Agean International G…
Whole sampling more representative
This letter is in response to your misleading and erroneous portrayal of “whole sampling” core as questionable sampling, with implications of “salting” and fraud in articles and cartoons (May 15 to Ju…
Noranda fast-tracks Matagami discovery
Three zinc-copper zones in the Matagami camp of northwestern Quebec are taking the shape of a promising target for Noranda (NOR-T).Thirty-five holes were recently sunk in the Equinox, Perseverance and…
Cominco posts profit in quarter
Operating profits at the Red Dog mine in Alaska and the Trail smelter in British Columbia propelled base metal titan Cominco (CLT-T) to substantial earnings in the second quarter.The company posted a …
De Beers, Winspear make peace as bid extended
The sabre-rattling between De Beers Consolidated Mines (DBRSY-Q) and takeover target Winspear Diamonds (WSP-T) has ended with an agreement that allows the offer to be extended to Aug. 15 from July 28….
PEOPLE (July 31, 2000)
Canyon — David Fagin appointed director.Crystallex — C.W. Longden and David Matheson appointed directors.Dia Met — James Rothwell appointed president and CEO.Inter-Citic…
Yukon environment group funds research
The Whitehorse-based Mining Environment Research Group (MERG) is funding five projects in the Yukon.The projects are designed to reduce environmental compliance costs through the development of new te…