Sinking gold drags down majors
Gold’s anemic response to technology stocks’ wild fluctuations only got worse during the April 19-25 report period, with the yellow metal sinking US$3.70 to hit a London morning fix of US$277.70 per o…
Articles by Northern Miner Staff
Breakwater grows again with acquisition of mines Investment Commentary
What a difference a decade makes. Breakwater Resources (BWR-T) didn’t have an easy time breaking into the zinc business during its first attempt in the late 1980s. Now it’s winning accolades from mini…
Russian diamond sector makes headway
Diamond giant DeBeers Consolidated Mines has submitted a proposal for a feasibility study for what could become the world’s largest diamond mine.The Lomonosov project, in the Arkangel’sk region of nor…
50 YEARS AGO/MAY 1950
Base metals soar on demandBase metal prices were the highest ever, staying “in line with the buoyant state of business activity,” including record U.S. steel production and housing construction. Price…
Gold Funds (May 01, 2000)
Gold Funds as of April 20, 2000Dynamic MutualCentral FundNet Value$12.61$5.57Price$8.
Rio Algom polishes performance
Rising copper output and lower costs resulted in a strong first quarter for Rio Algom (ROM-T).For the first three months of 2000, the Toronto-based company posted net earnings of $15 million (or 16 p…
Producer and Dealer Prices (May 01, 2000)
Antimony: Mid-mkt US$1,095/t.Bismuth: Mid-mkt US$3.90/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US…
Canadian Zinc seeks financing
To fund further exploration on its wholly owned Prairie Creek base metal property in the Northwest Territories, junior Canadian Zinc (CZM-T) has entered into a $720,000 private placement.The financing…
Romios hits high grade in Nevada
Drilling by Romios Gold Resources (RGRI-C) has intersected high-grade mineralization at the Scossa property, 6 miles from the producing Rosebud gold mine in Nevada’s Pershing Cty.To date, seven holes …
MEETINGS (May 01, 2000)
May 1 Britannia — general, extraordinaryMay 1 Fieldex — specialMay 1 Redwood — annual, generalMay 2 Diamondex — annualMay 2 Inmet — annual…
EVENTS (May 01, 2000)
May 7-14 Mining Association of B.C. — “Mining Symposium 2000.” Hyatt Regency Hotel, Vancouver, B.C. Tel: (604) 681-4321, ext. 117. Fax: (604) 681-5305. Web site: http://www.mining.bc.caMay…
Red Lake strike ends
Talks between Goldcorp (G-T) and the United Steelworkers of America, which represents about 160 workers at the Red Lake mine in northern Ontario, have finally resulted in an agreement, ending the long…