Campbell tackles costs
Excess dilution has prompted Campbell Resources (CCH-T) to switch mining methods at its Joe Mann gold mine, near Chibougamau, Que.Since September, production has been restricted to upper levels, with …
Articles by Northern Miner Staff
METAL PRICES, Daily Metal Prices (November 15, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateNov. 9Nov. 8Nov. 5Nov. 4…
Hebron Fjord finds anomalies
An airborne magnetic survey has identifed several anomalies at Hebron Fjord’s (HEF-M) gold-copper property in southern Peru.The anomalies occur along a northeasterly trending fault and cut across the …
Eldorado continues turnaround in latest quarter
A year ago, Eldorado Gold (ELD-T) was in the red to the tune of US$115.6 million (or US$1.58 per share) for the 9-month period ended Sept. 30. A vigorous cost-cutting program has pushed the Vancouver-…
DIAMOND PAGE — Nora ties up more ground in Namibia
Nora Exploration (NXI-M) is poised to earn a majority interest in 1,000 sq. km of marine concessions off the coast of Namibia.To earn an initial 30%, Nora must pay South African-based Woduna Mining Ho…
Royal Gold sees higher earnings
Thanks to higher gold prices and greater production from the Pipeline complex in central Nevada, Royal Gold (RGLD-Q) is enjoying higher earnings.The company returned to profitability in July, after co…
Silver Standard eyes Nevada silver mine
An agreement with a unit of Kinross Gold (K-T) sets the stage for Silver Standard Resources (SSO-V) to acquire the past-producing Candelaria silver mine in western Nevada.By issuing 50,000 shares to K…
NEWS ROUNDUP — Nevada operations cut jobs
Barrick Goldstrike Mines has eliminated 86 jobs at the Betze-Post and Meikle gold mines in Elko, Nev.The company has replaced a portion of the existing 190-ton-capacity fleet with 330-ton capacity tru…
NAME CHANGE (November 15, 1999)
BDG Pacific Resources (BPK-V) has changed its name to Southern Nites Petroleum (SKP-V) on a 1-new-for-4-old-share basis.
Monarch looks for capital and projects
Following the sale of its La Camorra gold mine in Bolivar state, Venezuela, Monarch Resources (MRE-T) is casting about for business opportunities.Monarch sold La Camorra and its exploration properties…
Battle Mountain improves
Showing an improvement over the second quarter, Battle Mountain Gold (BMG-N) nonetheless incurred a net loss of US$14 million (or 6 cents per share) in the 3-month period ended Sept. 30.By comparison,…
NEWS ROUNDUP — Yamana finances mine development
Northgate Exploration (NGX-T) will provide US$4 million to Yamana Resources (YRI-T) to develop the Bacon silver project in southern Argentina.Yamana intends to build a small underground mine on the Ve…