Kennecott finds third kimberlite in Alberta
Kennecott Canada Exploration has intersected a third kimberlite body on the Legion property in northeastern Alberta while drill-testing the Dragon target.Kimberlite material was intersected at a depth…
Articles by Northern Miner Staff
Mountain Lake drills gold at Valentine Lake property
A first phase of drilling at the Valentine Lake gold property in central Newfoundland has returned encouraging results for operator Mountain Lake Resources (MOA-V).Mountain Lake is earning a half-inte…
Companies (November 09, 1998)
American CopperAnglogoldAntares Mining & ExplorationAnzex ResourcesAranlee ResourcesArgentina GoldArizona Star ResourceAscot ResourcesBalaclava MinesBarrick GoldBattle Mountain GoldBema GoldBlack Hawk…
Placer Dome bucks trend by posting strong earnings — Cortez, Granny Smith mines among most impressive performers
Sustained cost reduction, higher gold production and strong hedging revenues resulted in a strong third quarter for Placer Dome (PDG-T).Net earnings for the three months ended Sept. 30 were US$33 mill…
MINING MARKETS & INVESTMENT NEWS — NEWS ROUNDUP — MSV sells royalty for $30 million
Montreal-based MSV Resources (MSV-T) has closed the sale of a royalty interest on future production at its Copper Rand 5000 and Corner Bay copper-gold projects in Quebec’s Chibougamau camp.A private i…
THE NORTHERN MINER — SMALL PRODUCERS INDEX (November 09, 1998)
91.23 (-7.41)(Sept 30/98 = 100)…
Noranda maintains strong balance sheet — Major’s restructuring program to focus on mining, metals
Like its competitors, Noranda (NOR-T) experienced drops in third-quarter earnings and revenue as a result of low metal prices.In the three months ended Sept. 30, the company earned $22 million (or 7 c…
Summo confirms grades at Johnson
Junior Summo Minerals (SMA-T) reports that exploration drilling at the dormant Johnson Camp mine in Arizona has confirmed the thickness and grade of the Copper Chief deposit.Results from eight infill …
Elkhorn gets boost
Treminco Resources (TMO-T) has received an updated resource estimate for the Elkhorn gold project in Montana.The Canadian subsidiary of Mineral Resource Development Inc. (MRDI), a division of H.A. Sim…
MINING MARKETS & INVESTMENT NEWS — NEWS ROUNDUP — BHP, Golden Star exces come and go
After a global search, Broken Hill Proprietary has appointed Paul Anderson managing director and chief executive officer. A management shakeup at the Australian-based resource conglomereate had been e…
Writedown costs Denison third-quarter profit
Denison Mines (DEN-T) posted a loss of $10.4 million (3 cents per share) for the third quarter, following a writedown of $11.5 million on unsuccessful offshore oil drilling in the Mediterranean Sea.Th…
GREATEST VALUE TRADED (November 09, 1998)
ExchgVal (000s)HighLowCloseChangePlacer DomeT2925…