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…
Articles by Northern Miner Staff
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…
EDITORIAL & OPINION — ODDS ‘N’ SODS — In the rough
During a recent golf outing, I was asked how long I had been playing and what got me interested in the game. I replied that I was introduced to golf in a rather unusual fashion.Back in 1969, we were p…
Twin Gold eyes discovery
A tidewater diamond discovery in northern Quebec’s Ungava region has caught the eye of Twin Gold (TWG-T), a junior best known for its Atlanta gold project in Idaho.Twin Gold intends to test a dozen Gr…
Placer, CVG mothball Las Cristinas
Placer Dome (PDG-T) and partner Corporacion Venezolana de Guayana have halted construction of the Las Cristinas gold mine in Venezuela as a result of dismal gold markets.The site will be put on care a…
Manitoba passes registration law
Manitoba has joined the Northwest Territories, British Columbia, Alberta, Saskatchewan, Newfoundland and New Brunswick in passing legislation requiring geologists to be registered professionally.The n…
Orezone strikes more gold at Kerboul in West Africa
Junior Orezone Resources (ORZ-M) has received more encouraging results from reverse-circulation drilling at its Kerboul gold property in northern Burkina Faso.Eight holes sunk in the Kerboul South z…
EDITORIAL & OPINION — NEW HORIZONS — Platinum keeps prototypes rolling
Zero-emmission power generation has long been the Holy Grail for environmentalists, industrialists and legislators. Increasingly tough pollution standards are the product of enormous pressure for chan…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Summer doldrums dog western markets
The Vancouver Stock Exchange composite index lost 5.87 points, or 1.37%, closing the week ended July 20 at 423.74. The mining index lost 8.55 points to close at 279.43.The combined value of the Albert…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Aber-Tiffany deal adds sparkle to dim market
Gold dropped to yet another 20-year low during the quiet report period ended July 20, losing $2.70 to hit US$252.90 per oz. on the London morning fix of July 21.Most of Canada’s major gold producers s…
Meetings (July 26, 1999)
July 26, Big Bar GoldJuly 26, CypangoJuly 26, GoldstakeJuly 26, NetJuly 26, Texas TJuly 26, StarfieldJuly 27, AME ResourceJuly 27, Cons. Texas NorthernJuly 27, ContinuumJuly 27, OlympicJuly 27, Royals…