Inmet stays profitable in second quarter
Continued strong earnings from its Cayeli mine in Turkey allowed Inmet Mining (IMN-T) to post earnings of $2 million, or 3 per share, on revenue of $24.9 million in the second quarter.The profit was …
Articles by Northern Miner Staff
FIFTY YEARS AGO–AUGUST 1950
Record demand for yellow metalFear of escalating inflation, combined with the ongoing Korean War, has created record demand for the yellow metal in the Far East, Western Europe and India.In Hong Kong,…
Bulk mining explored
The future of bulk mining will be addressed at MassMin 2000, a conference slated for Oct. 30-Nov. 2 in Brisbane, Australia.Bulk mining refers to any large-scale, mechanized method of mining massive un…
Billiton gains stake in CVRD
London-based Billiton will pay US$327 million to acquire an indirect 2% stake in Companhia Val do Rio Doce (CVRD), the Brazilian iron ore and aluminum group, at a 50% premium to the current market pri…
Spot Prices, Wed. July 26, 2000Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$279.70-$2.10Silver$ 4.97-$0.02…
Metal Prices (July 31, 2000)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJuly 25July 24July 21July 20…
TSE Shorts (July 31, 2000)
Short positions outstanding at July 15, 2000Larger individual positions include: Abitibi-Consolidated 1,144,461 up 530,935; Alcan Aluminium 742,357 up 359,552; Barrick Gold 4,879,235 up 416,…
TSE INDICES (July 31, 2000)
DateJuly 25July 24July 21July 20July 19HighLowTSE 30010867.1010783.4810842.0810740.801…
Birch Mountain Resources rapped for disclosure again
Following a review by the Canadian Venture Exchange (CDNX), Birch Mountain Resources (BMD-V) has retracted statements that two outside laboratories had confirmed “a new form of gold and platinum group…
Analyst gives nod to Battle Mountain-Newmont merger Investment Commentary
What’s good for the goose isn’t alway great for the gander. Tanya Jakusconek, gold analyst for National Bank Financial, views the recently announced merger between Battle Mountain Gold (BNG-N) and New…
Glen Harper convicted on insider trading charges
The Ontario Court of Justice has found Glen Harper, president of Golden Rule Resources (GNU-T), guilty of two charges of illegal insider trading in the company’s shares during early 1997, when the com…
Share swap offer for Altoro
In an attempt to diversify its exploration portfolio, Denver-based Solitario Resources (SLT-T) has tabled a friendly takeover bid for junior Altoro Gold (ATG-V).The share swap offer would see Altoro s…