Medinah gets mixed results in Chile
Follow-up drilling on a hot hole at the Alto de Lipangue gold-copper property in central Chile has returned mixed results for Medinah Mining (MDHM-O).Hole 8, drilled in late December 1999, intersected…
Articles by Northern Miner Staff
50 YEARS AGO/MAY 1950
Base metals soar on demandBase metal prices were the highest ever, staying “in line with the buoyant state of business activity,” including record U.S. steel production and housing construction. Price…
Russian diamond sector makes headway
Diamond giant DeBeers Consolidated Mines has submitted a proposal for a feasibility study for what could become the world’s largest diamond mine.The Lomonosov project, in the Arkangel’sk region of nor…
Breakwater grows again with acquisition of mines Investment Commentary
What a difference a decade makes. Breakwater Resources (BWR-T) didn’t have an easy time breaking into the zinc business during its first attempt in the late 1980s. Now it’s winning accolades from mini…
Sinking gold drags down majors
Gold’s anemic response to technology stocks’ wild fluctuations only got worse during the April 19-25 report period, with the yellow metal sinking US$3.70 to hit a London morning fix of US$277.70 per o…
Gold weakens on Dow’s rebound
The Dow Jones industrial average climbed 357.40 points, or 3.3%, during the report period ended April 25 to close at 11,124.82. The gain came on the heels of a strong rally with the Nasdaq, which did …
Junior market still tender following correction
Still volatile after the recent high-tech meltdown, the Canadian Venture Exchange dropped 87.51 points, or 2.4%, to close at 3,562.79 during the holiday-shortened period ended April 25. The mining ind…
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SPC posts higher earnings
Higher copper prices translated into higher profits for Southern Peru Copper (PCU-N) from its Peruvian operations in the first quarter of 2000.The average price of copper on the London Metals Exchange…
Tan Range adopts plan
Tanzanian-focused Tan Range Exploration (TNX-V), which holds a 90% interest in the Itetemia gold property, adjacent to the Bulyanhulu deposit, has adopted a shareholder rights plan to prevent the poss…
Noranda continues to rebound
In step with most of its competitors, base metal major Noranda (NOR-T) has started the new year by significantly improving its earnings.For the first quarter, Noranda posted earnings of $68 million (o…