Mining proposals open for discussion
Proposals by the Ontario Securities Commission (OSC) and the Toronto Stock Exchange (TSE) designed to keep a tighter rein on publicly traded mining companies will be the focus of a conference to be he…
Articles by Northern Miner Staff
MINING MARKETS & INVESTMENT NEWS — Investment Commentary — Analysts see opportunity in slow startup
Mine startups are rarely bug-free, and it appears the newly launched Lihir gold mining complex in Papua New Guinea was no exception. Gold production has been lower than planned since commercial produc…
MINING MARKETS & INVESTMENT NEWS — QUERY — New Golden Sceptre under suspension
I own shares in New Golden Sceptre Minerals but have not been able to learn about that company. In fact, it has been over three years since I received any communication from them. The last address I h…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Producers keep TSE buoyant, Barrick continues upward climb
Resource stocks enjoyed a robust period of trading during the report period Nov. 4-10, with both mining groups showing substantial gains. The Toronto Stock Exchange precious minerals and metals sub-in…
Noranda to expand smelter
Subject to environmental and other approvals, a US$170-million expansion and modernization program will be carried out at the Altonorte copper smelter near Antofagasta, Chile.Toronto-based Noranda (NO…
DIAMOND PAGE — Attack on Angolan mine leaves 8 dead, 5 missing
A search of the Yetwene diamond mine property in northeastern Angola has turned up the bodies of two workers, bringing to eight the number of men killed during an armed attack. The mine is operated by…
Apex expands size of San Cristobal deposit
Drilling at the San Cristobal silver-zinc-lead deposit in southern Bolivia has resulted in yet another increase in reserves.Apex Silver Mines (SIL-X) boosted the size of the deposit by half following …
Agnico starts up Laronde’s zinc circuit
With the attainment of commercial production from a new zinc circuit during the third quarter, Agnico-Eagle Mines (AGE-T) has reached another milestone in its expansion program at the Laronde gold min…
Amblin hits massive sulphides at Lyndhurst
Amblin Resources (AX-A) has intersected two massive sulphide zones and a copper stringer zone at Globex Mining Enterprises’ (GMX-T) Lyndhurst property, north of Rouyn-Noranda, Que.Hole 98-6, the lates…
Echo Bay Mines posts quarterly loss
Echo Bay Mines (ECO-T) suffered a loss in the third quarter even as it tried to distance itself from last year’s massive writedowns which totalled US$300 million.The company recorded a loss of US$6 mi…
Novicourt takes hit
Third-quarter earnings of Novicourt (NOV-T) show little change from a year ago, though its 9-month statement is down $3.1 million from the first nine months of 1997.Quarterly earnings amounted to $1.5…
Companies (November 16, 1998)
AG Armeno Mines & MineralsAgnico-Eagle MinesAlberta EnergyAmblin ResourcesAMT International MiningAnglogoldApex Silver MinesArgent ResourcesAshton Mining of CanadaAsia Pacific ResourcesAuriz…