Northern Miner Indices (May 15, 2000)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick Gold…
Articles by Northern Miner Staff
Gold Fields improves earnings
South African-based Gold Fields (GOLD-Q) increased its earnings in the first quarter despite a 3% drop in the price of gold over the past three months.The company turned a profit of US$36.9 million (o…
Joe Mann mine pours gold again
Campbell Resources (CH-T) expects to have milling rates back to capacity at its Joe Mann gold mine this month, following a long development period.The mine, just south of Chibougamau, Que., was shut d…
Rio Narcea still in red
Low gold prices have taken their toll on Rio Narcea Gold Mines (RNG-T), which posted a loss of US$2.1 million last year on revenue of US$31.7 million from its mining operations in northern Spain.In th…
Expatriate acts alone at Kudz Ze Kayah
With a potential partner now out of the picture, Expatriate Resources (EXR-V) intends to act unilaterally when it acquires mineral assets held by Cominco (CLT-T) in the Finlayson Lake district of sout…
Virtual mining
The Kemi chromium mine in Finland is the first Intelligent Mine insofar as it is charting the course toward a system in which routine operations are automated and unmanned, machines are remote-operat…
Tres-Or on PGE bandwagon
An option agreement will enable Tres-Or Resources (TRS-V) to explore for platinum group elements (PGE) near Timmins, Ont.Provided regulators approve the deal, the junior can earn a 100% interest in 19…
Blast from the past
Back around 1955, I met up with three Irish prospectors from Noranda in northwestern Quebec. Joe, the vice-president (“in charge of vice,” he’d often say), ran an exploration outfit with the assistanc…
No Headline (May 15, 2000)
SectionVertical DepthHoleInterceptGold(m)(m)(grams/tonne)…
Low prices hit Echo Bay
Despite an increase in gold and silver production and a decrease in operating costs, Echo Bay Mines (ECO-X) was unable to triumph over low gold prices in the first quarter.Compared with the correspond…
Wayside results set downbeat tone for CDNX
The report period ended May 9 marked a 148.34-point decline as the Canadian Venture Exchange index fell through the 3,500 level to close down 4.1% at 3,449.78. The mining index shed 100.85 points, or …
Tan Range attracts interest
Gold exploration companies are having a tough time rekindling investor interest in the current bear market. However, one company that seems to be doing just that is Tan Range Exploration (TNX-V). The …