Financial woes mount for Imperial
Despite cost-cutting efforts, Imperial Metals (IPM-T) is still not producing profits at its Mount Polley and Huckleberry copper mines in B.C.The company lost $4.4 million, or 5 per share, on revenues…
Articles by Northern Miner Staff
Gold Funds (September 18, 2000)
Gold Funds as of September 7, 2000Dynamic MutualCentral FundNet Value$12.84$5.39Price…
MOST ACTIVE ISSUES, Sept. 6-12
ExchgVol(000s)HighLowCloseChangePlacer DomeT 15414 15.25 13.30 14.55 + 1.00…
Homestake closes namesake mine
After more than a century of production, the venerable Homestake gold mine in Lead, South Dakota, will cease mining and milling operations at the end of 2001.The decision to close America’s oldest gol…
Program boosts Samira/Libiri
A summer drill program has expanded the newly discovered Libdorado gold zone and potentially added to the existing resource base at the Samira Hill/Libiri project in Niger, West Africa.Partners Etrusc…
REGULAR DEPARTMENTS (September 18, 2000)
CareersClassifiedCommentaryDrillersEditorialInvestment CommentaryMetal PricesOdds ‘N’ SodsProfessional DirectoryStock TablesSubscription Services…
Production rise at Con, Giant benefits Miramar
Though it remains in the red, Miramar Mining (MAE-T) reports that increased production at the Con and Giant mines in Yellowknife has strengthened its bottom line. Moreover, the company expects lower o…
Berland prepares for busy exploration season
Junior Berland Resources (BNL-V) has closed a brokered $350,000 private placement financing with Yorkton Securities to finance exploration at properties in Ontario and Manitoba.Berland will immediatel…
Producer and Dealer Prices (September 18, 2000)
Antimony: Mid-mkt US$1,750/t.Bismuth: Mid-mkt US$3.20/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$14.20-16.00/lb.Copper: Comex Dec. US$0.9205/lb.Indium: I…
Northern Miner Indices (September 18, 2000)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T22.7ComincoCLT-T3.8FalconbridgeFL-T7.0Franco-Nevada MiningFN-T5.8Freeport McMoRan Cop’r BFCX-N4.7Homestake MiningHM-N5….
Dow edges off in slow trading
The Dow Jones industrial average turned in another slow week, falling 27.38 points (0.2%) to close at 11,233.23 for the report period ended Sept. 12.Spot gold on the Comex division of the New York Mer…
De Beers bid for Ashton Mining viewed as harbinger of change
While De Beers Consolidated Mines’ (DBRSY-Q) successful $5-per-share bid for Winspear Diamonds signalled a desperate wish to secure Canadian diamond production, its bid for Australia’s Ashton Mining s…