Shutdowns cost Boliden
Mining companies usually make more money when they are mining, a truth not lost on Boliden (BOL-T). Production shutdowns at the Los Frailes and Myra Falls mines have left the company with a US$31.9-mi…
Articles by Northern Miner Staff
TSE SHORTS (August 02, 1999)
Short positions outstanding at July 20, 1999Larger individual positions include: Abitibi Consolidated1,811,974; Alcan Aluminum 1,127,506, down 212,790; Armada Gold 150,000; Barrick Gold 6,745,874, dow…
TSE INDICES (August 02, 1999)
1999Jul. 27Jul. 26Jul. 23Jul. 22Jul. 21HighLowCom…
METAL PRICES (August 02, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateJuly 27July 26July 23July 22…
INVESTMENT COMMENTARY — Cominco’s turnaround timed for recovering zinc markets
Resolving technical glitches and achieving full production should mean “sharply higher earnings and cash flows” in coming years for zinc producer Cominco (CLT-T), according to a research report by Fir…
GREATEST VALUE TRADED, July 21-27
ExchgVal($000s)HighLowCloseChangeAlcoa*N308290…
DIAMOND PAGE — Ashton continues hunt
Sampling of the last two of six kimberlites discovered during winter drilling by Ashton Mining of Canada (ACA-T) on the Buffalo Hills and Birch Mountain properties has yielded no diamonds.Small repres…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS –VSE stagnant as Winspear takes nosedive
The Vancouver Stock Exchange composite index lost 4.97 points, or 1.2%, to close the week ended July 27 at 418.77. The mining index dropped 5.69 points, or 2%, to close at 273.74.Meanwhile, the combin…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Gold continues its mid-summer slumber
During the July 21-27 report, gold took a baby step back from oblivion, gaining $1.10 to hit US$254 per oz. on the London morning fix of July 28.Each of Canada’s three biggest gold producers posted ga…
Rio cuts costs, increases production
Second-quarter profits were down for Rio Algom (ROM-T), but the company continued to boost copper production and reduce mining costs.For the three months ended June 30, the Toronto-based major recorde…
Record gold production, higher costs for Normandy
Improved performances at eight gold mines propelled Australian major Normandy Mining (NDY-T) to new production records for its recently completed fiscal year.For the year ended June 30, Normandy produ…
Production down, earnings up for Stillwater
Production difficulties related to an expansion program at its namesake mine in Montana has forced Stillwater Mining (SWC-X) to record a loss for the second quarter of the year.The company intended to…