Strike clips Falco’s wings
The good times did not last long for Falconbridge (FL-T), which barely squeaked out a profit in the first quarter.Pinning the blame on falling metal prices, a strike in Sudbury and production difficul…
News
IMA aims drills at Argentine gold prospect
Vancouver — IMA Exploration (IMR-V) is advancing the Mogote copper-gold property in northwestern Argentina, following recent reconnaissance work.The 80-sq.-km property is 70 km north of the Pascua an…
Markets show modest gains
Given the numerous positive factors that emerged during the report period April 16-20, price gains in the metals markets were modest. Nickel led the way, but the average cash price gained only 1.5%; c…
Greed drives ‘self-financing’ war Vultures descend on DRC
It has become trendy to blame globalization and the “corporate agenda” for the world’s ills, but when it comes to human misery, even the vilest industry captain would be left in the dust by some of th…
Interest payments take toll on Northgate
Vancouver — Despite higher production and lower cash operating costs at its Kemess mine in northern British Columbia, Northgate Exploration (NGX-T) used red ink on its 2000 balance sheet.The company …
News – 30-APR-01
NovaGold sells assets
Denver — To fund exploration on its recently acquired Donlin Creek gold deposit, in southwestern Alaska, NovaGold Resources (NRI-T) has liquidated several non-core assets.The company sold commercial …
PEOPLE (April 30, 2001)
Black Bull — Jack Hartery appointed director.Cons. Oasis — John Buckle and Andre St-Michel appointed directors.Stratabound — Daniel Hrushewsky appointed VP.Kalimantan Gold…
Temagami has diamond potential: OGS
Stream sediment-sampling by the Ontario Geological Survey (OGS) has uncovered new targets for diamond exploration in the area of Temagami and Marten River, northwest of North Bay.The survey outlines s…
Rate cut propels market rally
Denver — The Dow Jones industrial average continued climbing after the U.S. Federal Reserve announced a surprise interest rate cut of 0.5%. The market finished the April 18-24 report period up 237.61…
Staff Investment Policy (April 30, 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…
Algoma files for court protection
A huge first-quarter loss, overwhelming long-term debt and massive steel dumping into North America by foreign countries have forced Algoma Steel to file for court protection from its creditors.The Sa…