Algoma unveils credit plan
Algoma Steel is expected to lay off 800-1,000 people from its workforce of 3,900.The layoffs are part of a plan of arrangement and reorganization filed under the Companies’ Creditors Arrangement Act (…
Articles by Northern Miner Staff
Storliden enters final stretch
With its decline more than half-finished, the Storliden project is taking shape as Sweden’s newest copper-zinc mine.Situated in the Skelleftea district, the project is owned by Swedish-based North Atl…
Spot Prices Wed. October 31, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$280.95+$4.80Silver$ 4.28+$0.03Platinum$427.00+$…
Staff Investment Policy (November 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…
PDAC to focus on hot spots
The annual convention of the Prospectors and Developers Association of Canada, slated for March 10-13, 2002, at the Metro Toronto Convention Centre, will feature a keynote session on exploration hot s…
Good quarter for Dia Met
Higher production from the Ekati diamond mine in the Northwest Territories and sharply lower interest expenses have meant a near-doubling in earnings for Dia Met Minerals (DMM-T).The company posted ne…
Barrick earnings slip
Lower production and higher costs combined to reduce third-quarter earnings for Barrick Gold (ABX-T).Net earnings topped US$66 million (or 17 per share) in the three months ended Sept. 30, US$20 mill…
Quaterra tables Union Bay drill results
Vancouver — A 4-hole drill program at the Union Bay project in Alaska has returned narrow zones of platinum-palladium mineralization.Quaterra Resources (QTA-V) reports that the first two holes of the…
Riddarhyttan picks up property in Finland
Swedish-based and -listed Riddarhyttan Resources has expanded its land package in northern Finland by acquiring the Iso-Kuotko property immediately north of its Suurikuusikko gold deposit.Iso-Kuotko, …
Newmont banks on strong second half (November 05, 2001)
Vancouver — North America’s largest gold producer has tabled a solid third-quarter profit on the back of improved sales and a strong contribution from its Batu Hijau copper-gold mine in Indonesia.New…
NovaGold hits highest grades yet at Donlin
Vancouver — California-based NovaGold Resources (NRI-T) continues to pull high-grade intercepts from the Acma zone of the Donlin Creek deposit in Alaska.Situated 480 km west of Anchorage, Donlin Cree…
Lupin looks to longer life despite poor market
When Echo Bay Mines (ECO-T) closed the Lupin mine in Nunavut in early 1998, few were taken by surprise. After all, the remote underground operation — difficult to reach and getting deeper every year …