Companies (February 22, 1999)
Altius MineralsAnatolia Minerals DevelopmentArgentina GoldAurizon MinesBarrick GoldBeaufield Consolidated ResourcesBoreal ExplorationCambiorCamecoCamphor VenturesChalice MiningComincoDayton MiningDe B…
Articles by Northern Miner Staff
DIAMOND PAGE — Higher output but lower prices for Cameco
Despite having produced and sold record levels of uranium and gold in 1998, Cameco (CCO-T) reports that its net earnings were only about half those of 1997.The Saskatoon-based company earned $44 milli…
Restructuring adds to Noranda’s bottom line
Despite low metal prices and a disappointing fourth quarter, Noranda (NOR-T) managed to turn a profit in 1998 by divesting itself of several assets.The major earned $658 million (or $2.68 per share) o…
Writedowns lead to loss for Teck — Carosue Dam targeted for feasibility; Antamina contracts awarded
Despite having taken some significant writedowns in junior companies during the past few years, Teck (TEK-T) hasn’t shied away from its longstanding practice of investing in juniors with promising exp…
Cost-cutting adds strength to Eldorado
Rigorous cost-cutting enabled Eldorado Gold (ELD-T) to triumph over production shortfalls in the recent fourth.During the 3-month period ended Dec. 31, 1998, Eldorado produced 39,932 oz. gold, compare…
Lac Rocher property picture begins to clear
Staking around the Nuinsco Resources (NWI-T) nickel-copper discovery near Lac Rocher, Que., is continuing, as option deals are being signed on properties in the region, about 120 km northeast of Matag…
EDITORIAL & OPINION — ODDS ‘N’ SODS — Mr. Sandman
While prospecting near Lake Abitibi in Ontario in 1963, I had an odd experience involving a so-called gold mine.In order not to have any problems with thieves while I was prospecting, I would park the…
A tale of two MKs
This letter is in regard to the article “MK Gold picks up Carlin-style project,” (T.N.M., Jan. 11-17/99). Your article erroneously referred to MK Gold as “MK” numerous times.Please be advised that the…
PEOPLE — America Mineral Fields (February 22, 1999)
Timothy Read appointed president, CEO and director.
PEOPLE — Buddha Res. (February 22, 1999)
Glen McDonald appointed director.
Sterlite invests in First Dynasty
A US$7.5-million private placement by Sterlite Industries will enable First Dynasty Mines (FDM-T) to shore up its treasury and fund its projects in Armenia.The Singapore-based company currently produc…
Dayton retains advisor
Dayton Mining (DAY-T) has retained Nesbitt Burns as its financial advisor, partly in order to determine whether any restructuring of the terms of its convertible debentures is warranted.Despite the ap…