High River cuts costs, boosts production
A $3.7-million charge related to the sale of properties in Nicaragua pushed High River Gold Mines (HRG-T) out of the black and into the red for the quarter ended June 30.The Toronto-based company repo…
Articles by Northern Miner Staff
Meridian expands discovery
Stepout drilling at the El Penon gold-silver project in northern Chile has more than doubled the strike length of the Quebrada Colorado gold-silver zone.Owner Meridian Gold (MNG-T) recently received r…
Cumberland proves up Nunavut projects
While many of its peers are chasing mineral deposits in Africa, Latin America and Southeast Asia, Cumberland Resources (CBD-T) has chosen to concentrate its exploration efforts in Canada’s Far North. …
EDITORIAL & OPINION — ODDS ‘N’ SODS — Win some, lose some
In 1919, I left my job as an Ontario mines inspector to work for the Longyear Company in Minneapolis, Minn., on its shaft contracts.My family came from Ontario with me, but, because I was often on the…
Rio clarifies deal with Anatolia
I wish to clarify your description of the terms of our agreement with Anatolia Minerals Development, as described in a recent issue (“Rio Algom teams with Anatolia in Turkey,” T.N.M., Sept. 7-13/98).I…
MINING MARKETS & INVESTMENT NEWS — Correction
Sulliden Exploration (SUE-M) manages its own exploration programs at its Las Huaquillas polymetallic property and no longer employs independent firm Kilborn Engineering Pacific. As well, hole 97-4 ret…
MINING MARKETS & INVESTMENT NEWS — Porcher Island seeks consolidation
At the annual meeting of Porcher Island Gold (PIG-V), shareholders approved a change in the name of the company to Tetra Metals.The meeting was adjourned for one month until Sept. 30 to allow register…
Banro seeks $1 billion for seized land — Suit aims to protect shareholders’ interests
In the midst of an insurgency aimed at ousting President Laurent Kabila of the Democratic Republic of Congo, Banro Resources (BNRS-C) has launched a $1-billion lawsuit against the government following…
SOPT PRICES
Wednesday September 9, 1998Price (US)Week’S ChangeGold*$284.15+$4.15Silver*$ 4.85…
Alaska, Echo Bay drum up aid for Russian flood victims
Echo Bay Mines has joined the people of Alaska in donating relief supplies to help flood victims in eastern Russia.The Denver-based company, which has worked in Alaska for more than a decade and has i…
Anglogold dazzles NY market
Anglogold (AU-N), the world’s largest gold producer, literally roared on to the New York Stock Exchange with the help of a lion named Arthur.The 800-lb. mascot, which represents the company’s new logo…
TSE INDICES (September 14, 1998)
1998Sept.8Sept.7Sept.4Sept.3Sept.2HighLowComposit…