Canadian Zinc tables Prairie Creek study
Vancouver — Canadian Zinc (CZN-T) is considering ways to redevelop the existing mine and mill on the Prairie Creek property in the Northwest Territories.The scoping study, performed in-house using in…
Articles by Northern Miner Staff
AngloGold posts profits before writedowns
Denver — While gold production edged up and costs declined slightly in the fourth quarter, AngloGold (AU-N) recorded a profit of US$84.6 million before a writedown of US$92.9 million. The net loss fo…
McWatters suspends mining
McWatters Mining (MCW-T) has suspended all mining at its Sigma-Lamaque open-pit gold mine in Val d’Or, Que., and will review the viability of continuing operations at its nearby Kiena underground gold…
Minnesota deserves more credit
Add my name to the list of those who are perplexed and frustrated by the Fraser Institute’s recent survey of the geological and investment potential of various states, provinces and countries. In the …
Coeur sheds Aussie subsidiary
Denver — Idaho-based Coeur d’Alene Mines (CDE-N) has pocketed US$15.6 million by selling its half-interest in Gasgoyne Gold Mines to Sons of Gwalia. Both Gasgoyne and Gwalia are based in Australia.Th…
Low prices frustrate Sunshine
Denver — The U.S. government has approved a newly amended plan of reorganization for Sunshine Mining & Refining (SSCF-O), though, with silver prices well below US$5 per oz., the company may have nowh…
Homestake posts record gold output
Denver — With gold production up, Homestake Mining (HM-N) has reported its lowest cash costs in more than two decades.Fourth-quarter production hit a record 589,100 oz. gold, up 9% from the correspon…
Base metals survive sinking composite index
The Toronto Stock Exchange performed dismally during the report period Feb. 7-13, with the TSE 300 composite index sliding 359.27 points in five trading days and finishing at 8,942.13. The banks and t…
More high grades at Tulawaka
Drilling on the Tulawaka property in northern Tanzania has revealed more high-grade results for partners Barrick Gold (ABX-T) and Minires du Nord (MDN-T).The companies are focusing on the East zone, …
Gold weighs on miners
Denver — The Dow Jones industrial average slumped 54.1 points, or 0.5%, to close at 10,903.32 for the report period ended Feb. 13, as Comex gold, on the New York Mercantile Exchange, slid to US$260.3…
Staff Investment Policy (February 19, 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…
Liquidation takes toll on prices
Large-scale fund long liquidation ravaged base metals markets late on Friday, Feb. 9 and continued into the following Monday, erasing almost all this year’s gains in copper, nickel and zinc prices. Al…