GREATEST VALUE TRADED, August 4-10, 1999
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Articles by Northern Miner Staff
MOST ACTIVE ISSUES, August 4-10, 1999
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INVESTMENT COMMENTARY — Falconbridge recommended for exposure to nickel, copper assets
Production from two new mines has prompted mining analysts to take a closer look at Falconbridge (FL-T), the world’s third-largest nickel producer and Canada’s largest producer of copper.Roger Chaplin…
Richmont posts quarterly loss
Montreal-based Richmont Mines (RIC-T), which has operations in Quebec and Newfoundland, is feeling the pinch of low gold prices, increased cash costs and reduced production.The company posted a loss o…
Tahera funds work at Jericho (August 16, 1999)
Through a private placement, Tahera (TAH-T) intends to raise $3.5 million, a portion of which will be used to explore the Jericho diamond properties in the new Canadian territory of Nunavut.The privat…
PEOPLE — Bolivar
Ian Ward appointed director.
Rubicon starts drill program at Palmer
Junior Rubicon Minerals (RMX-V) has begun a 5-to-8-hole, 4,000-ft. drill program at the Palmer base metal project in southeastern Alaska.The road-accessible project, 35 miles northwest of the port of …
PEOPLE — Battle Mountain (August 16, 1999)
Ian Atkinson appointed vp operations and exploration.
Anglo explores Peruvian gold prospect
The Peruvian subsidiary of South African-based Anglogold (AU-N) has signed a letter-of-intent with Solitario Resources (SLR-T) to acquire an interest in the Sapalache gold property in northern Peru.An…
Geomaque tackles San Francisco costs
The San Francisco gold mine in Mexico continues to provide a steady stream of production to Geomaque Explorations (GEO-T), having churned out 17,532 oz. in the second quarter.The quarterly output brin…
Aquest seeing gold, antimony at Anabella
Drilling at the Anabella project in the western highlands of Guatemala has encountered intermittent zones of gold-antimony mineralization, reports operator Aquest Minerals (AQU-V).The results come fro…
Seabee production increases
Increased production from the Seabee mine in northern Saskatchewan kept Claude Resources (CRJ-T) in the black during the first half of 1999.Earnings during the period reached $1.9 million (6 cents per…