Boliden still bleeding despite cutting costs
With the Myra Falls mine out of production and output reduced at its Ronnskar smelter, Boliden (BOL-T) posted a loss of US$22.9 million for the first quarter of 1999.The loss, amounting to US21 cents …
Articles by Northern Miner Staff
Pierina powers Barrick to record quarter
In stark contrast to its struggling peers, industry-leader Barrick Gold (ABX-T) has just turned in its best quarter ever, thanks to a potent combination of soaring production, falling costs and record…
AG votes in favour of Homestake takeover
Shareholders of Argentina Gold (ARP-V) have voted 99% in favour of an offer by San Francisco-based Homestake Mining (HM-N) to acquire all of the junior’s outstanding shares.Under the proposed arrangem…
Compromise sets stage for national junior exchange
The timeless wisdom of Solomon has helped settle a jurisdictional wrangle over where to locate Canada’s new junior stock exchange.Officials from the Vancouver and Alberta Stock Exchanges (VSE and ASE)…
Index (May 03, 1999)
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TSE INDICES (May 03, 1999)
1999Apr. 27Apr. 26Apr. 23Apr. 22Apr. 21HighLowCom…
Companies (May 03, 1999)
AnglogoldArgentina GoldArgosy MiningAsarcoAshanti GoldfieldsAshton MiningAtna ResourcesB.Y.G. Natural ResourcesBarrick GoldBattle Mountain GoldBolidenBroken Hill ProprietaryCaldera ResourcesCalliope M…
DIAMOND PAGE — Montello, Kennecott form Manitoba alliance
Alberta diamond explorer Montello Resources (MEO-A) and Kennecott Canada Exploration are expanding their joint-venture relationship to include diamond reconnaissance exploration in Manitoba.Kennecott …
Ourominas now Thistle Mining
A 10-for-1 consolidation of capital and a name change to Thistle Mining (THT-T) have capped the recent refinancing of Ourominas Minerals (OMI-T).The company, which will be converting from an explorati…
TVX forms partnership with Normandy — Development of Olympias to precede Skouries
In a move aimed at cleaning up its balance sheet and financing its overseas projects, TVX Gold (TVX-T) has formed a partnership with Australia’s largest gold producer.The mid-tier producer is selling …
DIAMOND PAGE — Kennecott discovers kimberlite on Ice
Halfway through a $4.1-million drilling campaign that is testing 30-35 targets on ground shared with Tahera (TAH-T), Kennecott Canada Exploration has made its first kimberlite find.A vertically drille…
Gresik smelter starts up
Freeport-McMoRan Copper & Gold (FCX-N) has sold its first batch of copper cathode from the Gresik smelter and refinery in Java, Indonesia.The smelter is operated by P.T. Smelting, which is 70%-control…