Semafo finds new zone
Junior Semafo (SMF-T) has outlined a new zone of mineralization at the Mana gold property in Burkina Faso, West Africa.In December 2000, Semafo sank 18 holes to follow up trenching completed last summ…
2001
OSC seeks comment . . . so comment
Canada’s junior resource sector has been significantly downsized in the past year, mostly because of low commodity prices and the diversion of capital to technology ventures. But there has been some f…
News – 05-MAR-01
Gold’s rise jolts miners to life
Denver — The Dow Jones industrial average fell 94 points, or 0.9%, for the report period ended Feb. 27 to close at 10,636.88, while the Nasdaq plunged 4.8% to 2,207.82, its lowest point in two years….
Staff Investment Policy (March 05, 2001)
The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public off…
Resource up, Rio out of project
A new resource estimate has increased the tonnage at the Sobre Saliente prospect in northern Uruguay, but Rio Tinto (RTP-N) has informed its joint-venture partner, Uruguay Goldfields (UGI-V), that it …
Sherritt makes bid for Luscar coal fund
In partnership with the Ontario Teachers’ Pension Plan, a unit of Sherritt International (S-T) has made an offer to acquire all of the outstanding shares of the Luscar Coal Income Fund (LUS-T).The tot…
UWO raising funds for Fyfe chair
The scientific career of one of the country’s greatest living geologists is to be commemorated by an endowed research and teaching chair in the Department of Earth Sciences at the University of Wester…
Sadiola Hill gold mine has record year
Western Mali’s Sadiola Hill gold mine, owned by AngloGold (AU-N), Iamgold (IMG-T), and the Malian government, has finished a record year of production.Sadiola poured 611,442 oz. gold in 2000, a record…
Writedowns translate into loss for Placer Dome
Vancouver — Placer Dome (PDG-T) felt the brunt of lower gold prices as US$377 million in writedowns pushed the company into the red during 2000.Despite record cash flow and operating earnings, the co…
LME Warehouse Levels (March 05, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 27/01 (change from Feb. 20 in brackets):MetalStock(tonnes)ChangeAluminium477075(…
Breakwater ends year with mixed results
Zinc miner Breakwater Resources (BWR-T) posted a $13.5-million loss for 2000 despite recording its highest revenue yet: $319 million. The 16-per-share loss compares with 1999 earnings of $22.5 millio…