Getchell pushes placer into red
Vancouver — Placer Dome (PDG-T) posted a US$29 million profit during the fourth quarter, but US$301 million in wri…
Articles by Northern Miner Staff
TNR joins NovaGold in Alaska
Vancouver — Focusing on completing a full feasibility study over the 13-million-oz. Donlin Creek gold deposit, Nov…
Partners agree to nuptials in Nunavut
Equal partners Miramar Mining (MAE-T) and Hope Bay Gold (HGC-T) have agreed to combine the two companies via a prev…
Golden Phoenix nixes Borealis deal
Citing issues that arose during its due diligence, Golden Phoenix Minerals (GPXM-O) has rescinded the letter agreem…
Newmont wraps up Franco acquisition
Newmont Mining (NEM-T) announced on Sunday that it has wrapped up one prong of its proposed three-way merger deal b…
Wildcat buys Bissett mine
Winnipeg-based Wildcat Exploration (WEL-V) has picked up the closed Bissett gold mine, in Bissett, Man., from South African mining house Harmony Gold Mines (HGMCY-Q).Wildcat will pay $5 million up-fro…
Exchange Rates (February 18, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 12Feb. 11Feb. 8Feb. 7Feb. 6US$ in C$1.59181.58981.5974…
Gold, nickel prices take a tumble
Erasing gains from the previous week, gold slipped a nickel over the Feb. 6-12 report period to land at a London morning fix of US$297.40 per oz. on Feb. 13.Going along for the ride were: Barrick Gold…
Mining operations keep Inmet profitable
Buoyed by operating earnings from all three of its mines, Inmet Mining (IMN-T) closed the year with a net profit of $18.9 million (44 per share) on revenue of $106.8 million.The figure was a substant…
Extraordinary items
It was a scandal when, five years ago, some divisions of the American optical manufacturer Bausch & Lomb (the makers of Ray-Ban shades) were discovered to have been booking orders as revenue. Heads ro…
Prospecting in Wekusko, Part 2
In the fall of 1955, my prospecting partner, Einar Sanden, and I transported a diamond drill rig to the east shore of Crowduck Bay in northern Manitoba to explore a new lithium prospect. I had the tem…
Recovery in the air
During the Feb. 4-10 report period, we witnessed a serious test of nerves in metals markets.In the base metals sector, copper prices maintained a narrow range in the highest trading area since June 20…