Breakwater moves into the black
[Editor’s note: A previous article, also entitled “Breakwater moves into the black,” was published in our Nov. 1-7/99 issue. It contained numerous errors, including the reporting of silver grades as g…
Articles by Northern Miner Staff
PCS suffers massive third-quarter loss
A writedown relating to its nitrogen business combined with an overall decline in production and sales resulted in a massive third-quarter loss for Potash Corp. of Saskatchewan (POT-T).For the three m…
Nisga’a nightmare — The $200-billion problem
If a referendum were held tomorrow, British Columbians would overwhelmingly reject the Nisga’a treaty now being debated in the House of Commons. Well, debate may be too generous a word. Three of the f…
SUPPLIERS NEWS ROUNDUP — Hatch scoops up BHP unit
Toronto-based consulting firm Hatch has bought the engineering arm of Broken Hill Proprietary for an undisclosed sum.BHP shed the unit and its 900 employees in order to focus on mining operations. BHP…
PRODUCER & DEALER PRICES (November 08, 1999)
Antimony: Mid-mkt US$1,150/t.Bismuth: Mid-mkt US$4.65/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65/t.Cobalt: Recent trades US$13.95-16.00/lb.Copper: Comex Dec. US$0.814/lb.Indium: Indiu…
Laguna picks up ground in Panama
Laguna Gold (LGC-T) has signed an exploration agreement with Australia’s Broken Hill Proprietary (BHP-N) to explore three properties in Panama.The junior can earn a 70% interest in the properties by s…
Cortez boosts profits for Placer Dome
Increased production and lower costs at the Cortez gold mine in Nevada, combined with improvements at other operations, enabled Placer Dome (PDG-T) to post solid profits for the first nine months of t…
Altoro gears up to drill Pedra Branca project
Eyebrow-raising trench results, favourable geology and limited but enticing historic drill intercepts have whetted Altoro Gold’s (ATG-V) appetite for exploration at its Pedra Branca platinum-palladium…
COMMENTARY — Steady as she goes, for silver
Silver prices will remain stable over the next six months, trading at between US$5 and US$5.50 per oz., says Gold Fields Mineral Services.According to the British-based firm, demand is outstripping su…
TSE INDICES (November 08, 1999)
1999Nov. 2Nov. 1Oct. 29Oct. 28Oct. 27HighLowCompo…
Cambior to lose US$33 million from hedging
Trying to repair the damage caused by its failed hedging program, Cambior (CBJ-T) has reduced its position by 1.3 million oz. gold.The company bought 1 million oz. through the bullion markets at an av…
Glamis sells Ivan copper mine
Glamis Gold (GLG-T) has sold its Ivan copper mine near Antofagasta, Chile, to Minera Milpo of Lima, Peru.Glamis acquired the small underground operation through its February 1999 merger with Rayrock R…