Geologist wins memorial award
Toronto geologist David Ross has been selected as the 1998-99 winner of the David Money Memorial Award, presented each year to the top student in the masters mineral exploration program at Queen’s Uni…
News
Philex posts lower output
A production shortfall has cut deep into the bottom line of Philex Gold (PGI-T).For the three months ended March 31, the junior lost US$2.7 million on revenue of US$11.6 million, compared with earning…
Stronger loonie costs River Gold Mines
Lower-grade ore and a rebounding Canadian dollar left River Gold Mines (RIV-T) with a small loss in the first quarter of 2000.For the three months ended March 31, River Gold posted a loss of $567,550 …
Campbell to drill new prospect at Santa Gertrudis
An 8-hole program of reverse-circulation drilling by Campbell Resources (CCH-T), north of its Santa Gertrudis mine in Sonora state, Mexico, has turned up gold mineralization.Six of the holes drilled o…
Anglogold, Rubicon seal deal
The first foray into Canadian exploration by South African giant AngloGold (AU-N) is under way, following closure of the house’s deal with Rubicon Minerals (RMX-V).The deal lets AngloGold earn a 60% i…
PEOPLE (May 29, 2000)
Atna Res. — John Purkis appointed vp mining and development.Dia Met — Peter Atkinson appointed interim chairman.General Minerals — Brian Cramm appointed CEO and treasurer.K…
NAME CHANGES (May 29, 2000)
Sand River Resources (SRL-V) has changed its name to Rio Fortuna Exploration (RFT-V) on a 1-new-for-7-old-share basis.
50 YEARS AGO – JUNE 1950
The movement to bring the Labrador-New Quebec iron deposits into production has received a big push from the the U.S. partners of Hollinger Consolidated. The partners will finance a large portion of t…
Northern Miner Indices (May 29, 2000)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick Gold…
Barrick defends hedging
Shareholders of Barrick Gold (ABX-T) come to their annual meeting for more than the usual spiel about profits, projects and strategies for growth. They come for the religion — the gospel according to…
High-flying International Wayside grounded by regulators
After gaining 61 in a single day to close at $2.04 on the trading of almost 2 million shares, International Wayside Gold Mines (IWA-V) was slapped with a cease-trade order on the morning of May 11 pe…
Industry supports species-at-risk legislation in principle
Over the past several weeks, The Northern Miner has run several columns critical of the federal government’s efforts to bring forward legislation for protecting species at risk [see T.N.M., Feb. 28-Ma…