Golden Giant strike cuts Hemlo’s earnings
A drop in gold production has contributed to a 38% shortfall in earnings for Hemlo Gold Mines (TSE).For the first six months of 1995, Hemlo earned $23.4 million (or 23 cents a share) on revenue of $10…
Articles by Northern Miner Staff
Greenland grants more mineral licences
Still more companies are flocking to the world’s largest island in search of Voisey Bay-type nickel-copper-cobalt deposits.The activity is due to the geological similarities between Labrador’s Nain ge…
Cyprus Amax suspends mining at Climax mine in Leadville
Inco Ltd T173433$47 1/444 1/445 7/8-1 3/8.TBarrick Gold T115839$37 1/834 5/834 5/8-2Placer Dome T106226$39 1/436 36 1/2-2 1/4Diamond Flds T65703$70 3/468 3/4 69 3/4-7/8Falco…
Line Creek coal mine will expand
The Line Creek coal mine has received approval from the British Columbia government to expand to Horseshoe Ridge. The mine is about 18 km northeast of Sparwood.Line Creek Resources has been producing …
Dakota reopens Stibnite mine
The Stibnite gold mine in Idaho has resumed operation, following approval from the National Marine Fisheries Service (N.M.F.S.).The open-pit, heap-leach operation is owned by Dakota Mining (TSE), whic…
Funding in place for Willoughby
A $1.1 million financing will enable Camnor Resources (VSE) to cover its share of the cost of a planned $1.5-million exploration program at the Willoughby property near Stewart, B.C.Camnor and Gold Gi…
GREATEST VALUE TRADED, JULY 12-18
Exch Value ($000s)HighLowCloseChange Inco Ltd T400649$47 3/445 3/847 1/4+1 3/4Placer Dome T185619$403838 3/4….Noranda Inc T163236$3028 1/429 5/8+1 1/8Barrick Gold T141238…
INVESTMENT COMMENTARY — Undervalued Goldcorp regarded as a winner
The recent exploration success at the Red Lake gold mine in northwestern Ontario could translate into a mid-term price of $20 to $25 per share for Goldcorp (TSE).Such is the opinion of David James, go…
INSIDER TRADING — Noranda insiders traded shares
Several senior officers of Noranda (TSE) and its affiliates traded options and common shares in the company over the past few months.According to the Ontario Securities Commission’s OSC Bulletin, Keit…
Gold-hungry juniors stake out Timmins ground
Several juniors are acquiring ground in the Timmins, Ont., area, as they search for signs of the elusive yellow metal.In Reeves Twp., Cross Lake Minerals (VSE) has acquired a 100-claim property coveri…
Glamis-Eldorado marriage unlikely
The hostile takeover of Eldorado (TSE) by Glamis Gold (TSE) is on the rocks.In an eleventh-hour move, Glamis withdrew its application before the Ontario and British Columbia Securities Commissions, re…
Adex pleased to nab producer
Ownership of the Mount Pleasant polymetallic mine in New Brunswick has changed hands.Adex Mining (TSE) acquired all of the shares of Piskahegan Resources, which holds a 100% interest in the mine prope…