Cameco earnings climb
The first nine months of 1997 saw Cameco (CCO-T) make modest gains in revenues and earnings from operations.Net earnings actually declined, however, as a result of a $44-million deferred income tax ex…
Articles by Northern Miner Staff
Morning Star returns to production
Nevada Manhattan Mining (NVMH-O) intends to place the Morning Star gold mine back in production after it buys the operation from owner Vanderbilt Gold (VAGO-O).The companies are still negotiating a pr…
Seahawk hits gold in Guyana
Seahawk Minerals (SKM-V) is encouraged by the first round of drilling at its Blackwater gold property in Guyana.The company has drilled 12 angle holes, spanning 1,500 metres, on the Macedonia Creek an…
PRODUCER AND DEALER PRICES (November 03, 1997)
Aluminium: LME settlements US$1,535, alloy US$1,405 per tonne (Oct. 28/97).Antimony: Composite free market, US$1,900 per tonne (Oct. 28/97).Bismuth: Composite free market US$3.40 per lb. (Oct. 28/97)….
Northern Orion and BHP define zone in N.W. Argentina
Drilling in the Filo Amarillo area of the Agua Rica project in northwestern Argentina continues to broaden a newly discovered zone of high-grade copper.Situated in Catamarca province, Agua Rica is a m…
SPOT PRICES (November 03, 1997)
Wednesday, October 29, 1997Price (US)Week’s ChangeGold*$313.70- $9.00Silver*$ 4.79…
TORONTO STOCK EXCHANGE INDICES (November 03, 1997)
1997Oct.28Oct. 27Oct. 24Oct. 23Oct. 22HighLowComp…
TSE SHORTS POSITIONS (November 03, 1997)
Short positions outstanding at October 15, 1997Larger individual positions include: Barrick Gold 10,920,447, up 55,992; Beau Canada Exploration 1,000, down 186,219; Bema Gold 4,695,448, down 60,400; C…
Troymin reports Yukon find
Troymin Resources (TYR-M) has encountered significant values of gold, silver and base metals at its joint-ventured Prospector Mountain property, 240 km northwest of Whitehorse, Y.T.The Calgary-based c…
Echo Bay says no-no to Kingking
Echo Bay Mines (ECO-T) has decided to not proceed with the acquisition of a 75% interest in the Kingking copper-gold porphyry deposit in the Philippines from Benguet (BE-N).Echo Bay and its 25% partne…
Seahawk in Brazil
Seahawk Minerals (SKM-V) has signed agreements with two Brazilian companies to acquire two gold properties in the South American country.The first property consists of three concessions — Lavras, Pal…
Normandy profit jumps
Australian-based major Normandy Mining saw its net profit jump by more than half this past quarter.In the three months ended Sept. 30, Normandy recorded a consolidated net profit of US$32.1 million (u…