Meridian boosts reserves at El Peon
Reno, Nev.-based Meridian Gold (MDG-N) reports a 38% increase in gold reserves at the newly opened El Peon mine in northern Chile.The reserve figure now stands at 1.2 million oz. gold following drill…
Articles by Northern Miner Staff
Dow posts heavy losses
The Dow Industrials got pummeled during the report period ended March 7, falling 332.28 points, or 3.3%, to 9,796.03. It was the second time in two weeks the Dow had dipped below the 10,000 mark, as t…
Cominco, Aur, Teck drop on deal
The Toronto Stock Exchange 300 index rose 296.49 points during he report period March 1-7 to end the week at 9,425.48. Metal producers were mixed, with the TSE gold and precious minerals sub-group ris…
Federal budget contains no flow-through provision
Ontario Mines Minister Tim Hudak says he is disappointed by Ottawa’s decision not to enhance federal flow-through financing in the recent budget.Currently, Canadian investors who subscribe to flow-thr…
Great Basin expands Ivanhoe (March 13, 2000)
Results from ongoing drilling at the Ivanhoe gold project in Nevada have increased the strike lengths of the Clementine and Gwenivere gold-bearing vein systems to 1,800 ft.Great Basin Gold (GBG-V) rep…
Improved price buoys SPC
Higher copper prices lifted fourth-quarter earnings for Southern Peru Copper (PCU-N) in 1999.The company posted net earnings of US$9.7 million (or 12 per share), compared with earnings of US$3.4 mill…
PEOPLE (March 13, 2000)
Cornerstone — Timothy Froude appointed manager of exploration.Niko — John Koch appointed vp operations.Ontex — Charles Harnick, Peter Clute and Laurence Marsland appointed directors.
EVENTS (March 13, 2000)
March 16-17 American Association of Professional Landmen — “16th Annual Meeting.” Peppermill Hotel & Casino, Reno, Nev. Tel: (817) 847-7700. Web site: http://www.nvlandman.org/malri.ht…
TVX takes writedown
Toronto-based TVX Gold (TVX-T) will take a $64-million, one-time, non-cash charge against its 1999 earnings, reflecting the original purchase price of the Stratoni lead-zinc operation in Greece.The wr…
NAP eases labour tension at Lac des les
North American Palladium (PDL-T) has reached an agreement with unionized workers at the Lac Des les palladium-platinum open-pit mine, north of Thunder Bay, Ont.Members of the United Steelworkers of A…
Yanacocha boosts earnings
In 1999, Compania de Minas Buenaventura (BVN-N) earned US$45 million (or 72 per American Depository Receipt), compared with US$30 million (48 per ADR) in the previous year.The profit was largely a r…
GREATEST VALUE TRADED, March 1-7
ExchgVal($000s)HighLowCloseChangeAlcoa*N 685915 70.81 64.62 64.94 – 3.56…