Asquith, Axmin cut gold zones in CAR
Drilling by Asquith Resources (ASQH-C) and privately held exploration company Axmin has intersected gold mineralization at the former’s Roandji property in the Central African Republic.The drilling, w…
Articles by Northern Miner Staff
Lakota nails down properties
While larger rivals are concentrating on bringing advanced projects to production, junior Lakota Resources (LAKO-C) has assembled a large land package for early-stage exploration in the Lake Victoria …
Sherritt posts record earnings
Buoyant nickel and oil prices combined with strong operational performance allowed Sherritt International (s-t) to post record earnings for 1999.Net earnings in 1999 were $66.6 million (or 60 per res…
Freeport files shelf registration
A shelf registration statement filed with the U.S. Securities and Exchange Commission could allow Freeport-McMoRan Copper & Gold (FCX-N) to sell up to US$500 million in stock or debt securities.Freepo…
Houston eyes Tib Lake palladium
Junior Houston Lake Mining (HLM-V) is performing an induced-polarization survey at its Tib Lake property, near Thunder Bay, Ont., in hopes of discovering new palladium zones.Tib Lake comprises 1,632 h…
Drilling planned for Whitefish Lake property
Vancouver — Encouraged by northern Ontario’s diamond potential, Kennecott Canada Exploration has initiated diamond drilling at the Whitefish Lake and KAP properties, near Wawa.The program is testing …
TSE Shorts (March 13, 2000)
Short positions outstanding at February 29, 2000Larger individual positions include:Abaddon Resources 295,000 up 295,000; Abitibi-Consolidated 1,241,353 down 1,576,155; Admiral Bay Resources…
Spot Prices (March 13, 2000)
Precious MetalsPrice (US$/oz.)ChangeGold$292.75-$1.00Silver$ 5.07-$0.06…
High River Gold sets new production records
A record number of ounces was produced last year at the New Britannia and Buryatzoloto gold mines, reports High River Gold Mines (HRG-T).The New Britannia mine, situated in Snow Lake, Man., and operat…
Markets anticipating Chinese trends
The recent fund-led selloff has left the base metals markets heavily dependent on fundamental support. Over the next few weeks, movements in London Metal Exchange (LME) stocks and physical premium lev…
Coeur sees production drop
Lower silver and gold production resulted in a net loss of US$38.9 million (or $1.61 per share) for Coeur d’Alene Mines (CDE-N) in 1999, compared with a loss of US$244.8 million ($11.81 per share) in …
Aur spurns Cambior to buy Chilean mine
Spying a better opportunity in Chile, Aur Resources (AUR-T) has withdrawn its merger proposal with beleaguered Cambior (CBJ-T) to pick up a controlling stake in the Quebrada Blanca copper mine from Co…