EVENTS (March 13, 2000)
March 16-17 American Association of Professional Landmen — “16th Annual Meeting.” Peppermill Hotel & Casino, Reno, Nev. Tel: (817) 847-7700. Web site: http://www.nvlandman.org/malri.ht…
Articles by Northern Miner Staff
PEOPLE (March 13, 2000)
Cornerstone — Timothy Froude appointed manager of exploration.Niko — John Koch appointed vp operations.Ontex — Charles Harnick, Peter Clute and Laurence Marsland appointed directors.
Improved price buoys SPC
Higher copper prices lifted fourth-quarter earnings for Southern Peru Copper (PCU-N) in 1999.The company posted net earnings of US$9.7 million (or 12 per share), compared with earnings of US$3.4 mill…
Great Basin expands Ivanhoe (March 13, 2000)
Results from ongoing drilling at the Ivanhoe gold project in Nevada have increased the strike lengths of the Clementine and Gwenivere gold-bearing vein systems to 1,800 ft.Great Basin Gold (GBG-V) rep…
Federal budget contains no flow-through provision
Ontario Mines Minister Tim Hudak says he is disappointed by Ottawa’s decision not to enhance federal flow-through financing in the recent budget.Currently, Canadian investors who subscribe to flow-thr…
Cominco, Aur, Teck drop on deal
The Toronto Stock Exchange 300 index rose 296.49 points during he report period March 1-7 to end the week at 9,425.48. Metal producers were mixed, with the TSE gold and precious minerals sub-group ris…
Dow posts heavy losses
The Dow Industrials got pummeled during the report period ended March 7, falling 332.28 points, or 3.3%, to 9,796.03. It was the second time in two weeks the Dow had dipped below the 10,000 mark, as t…
Meridian boosts reserves at El Peon
Reno, Nev.-based Meridian Gold (MDG-N) reports a 38% increase in gold reserves at the newly opened El Peon mine in northern Chile.The reserve figure now stands at 1.2 million oz. gold following drill…
Glamis feels price pinch
Despite an increase in gold production, Glamis Gold (GLD-T) was unable to turn a profit in 1999. The company posted a loss of US$21.3 million (or US33 per share) on revenue of US$57.5 million, compar…
Year-end production down across the board
Canadian production of diamonds, potash, refined copper and zinc rose between December 1998 and December 1999, whereas output of uranium, primary copper and zinc, lead, nickel, gold and silver was dow…
Viceroy eyes Bounty horizon Down Under
Mid-tier gold producer Viceroy Resources (VOY-T) has struck a deal to explore a highly prospective gold-bearing horizon on properties immediately south of its Bounty mine in Western Australia.Under an…
New phase of drilling at Duck Pond property
Seeking to expand known copper-zinc mineralization and possibly snare a Buchans lookalike, Thundermin Resources (THR-T) and joint-venture partner Queenston Mining (QMI-T) have started a further phase …