PCS rakes in third-quarter profits
They may not have the glamour of gold or the allure of diamonds, but potash and phosphates are producing plenty of profits for Potash Corporation of Saskatchewan.The Saskatoon-based company reported n…
News
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — TSE rebounds while producers have mixed week
Over the report period ended Nov. 17, the Toronto Stock Exchange 300 index overcame losses incurred in the previous week, with the broad market rising 1.3% to end the period at 6,337.78The TSE’s preci…
DIAMOND PAGE — High River posts profits
Lower costs and record production achieved by the New Britannia gold mine at Snow Lake, Man., have earned a third-quarter profit for High River Gold Mines (HRG-T).New Britannia, a 50-50 joint venture …
Northair drills for bulk-tonnage potential
Underground sampling of historic workings in the main Venturina target zone in northern Mexico has yielded gold-silver values higher than those reported from previous surface samples.International Nor…
River expects higher production
With another strong quarter under its belt, River Gold Mines (RIV-T) expects to surpass its 1998 production target for the Eagle River gold mine near Wawa, Ont.As of Sept. 30, the company had achieved…
Kinross Gold continues cost-cutting at mines
Low gold prices are taking their toll on Kinross Gold (K-T) despite ongoing efforts to slash production costs at existing mines in the Americas, Africa and Far Eastern Russia.The company reported a ne…
NAME CHANGE (November 23, 1998)
Thunderwood Resources (THS-T) and Joutel Resources (JTL-T) have to merged to create Thundermin Resources. Shareholders of Thunderwood will receive one share and one share purchase warrant of Th…
THE NORTHERN MINER — NORTH AMERICAN MINING INDEX (November 23, 1998)
108.50 (-1.95)(Sept 30/98 = 100)…
LME WHSE LEVELS (November 23, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Nov. 17/98 (change from Nov. 10 in brackets):MetalStocks (tonnes)Change…
PRODUCER & DEALER PRICES (November 23, 1998)
Aluminium: LME settlements US$1,296.50, alloy US$1,085 per tonne (Nov. 17/98).Antimony: Representative mid-market US$1,295 per tonne (Nov. 17/98).Bismuth: Representative mid-market US$3.20 per lb. (No…
Sunshine writes down investment in mine
Disappointing drill results have forced Sunshine Mining & Refining (SSC-N) to write down a major portion of its investment in the Sunshine mine in northern Idaho.Against its third-quarter earnings, th…
St Andrew Goldfields improves bottom line
While still in the red, St Andrew Goldfields (SAS-T) managed to improve its balance sheet in the third quarter.For the three months ended Sept. 30, the junior lost $47,000 on revenue of $1.8 million, …