Falco ends on high note Noranda earnings soar
Falconbridge (FN-T) more than quadrupled earnings in the final quarter of 1999, thanks to higher production and rejuvenated base metal markets.Net earnings topped $93.9 million (or 51 per share) on r…
Articles by Northern Miner Staff
El Peon mine up and running
In the span of only 10 months and at the relatively low capital cost of US$77 million, Meridian Gold (MDG-N) has succeeded in developing its El Peon mine, 160 km southeast of this coastal city. The r…
The South Africans are coming! (February 07, 2000)
Vancouver-based St. Jude Resources (SJD-V) has intersected more gold at its Hwini-Butre property in Ghana.The latest round of infill and stepout holes focused on the Adoikrom, Father Brown and Dabokro…
Cambior intersects Seogui gold
A first phase of drilling at the Seogui gold project in Guinea has returned heartening results for Cambior (CBJ-T).The 200-sq.-km property is 75 km southeast of the country’s only producing gold mine …
Gold weakens in turbulent market
After a steep drop and a strong rise, the Dow Jones industrial average finished the report period ended Feb. 1 almost unchanged, up only 11.16 points, or 0.1%, in anticipation of an interest rate hike…
Development slows in Latin America
In 1999, companies with significant exploration programs budgeted a total of $126.6 million on advanced Latin American gold projects — 32% less than in the previous year.Gold resources under developm…
Champion’s Farim project takes shape
Champion Resources (CHL-V) has received encouraging results from 17 core holes drilled at its Farim phosphate project in Guinea-Bissau, the West African country sandwiched between Senegal and Guinea.T…
Platinum and palladium flirt with US$500-per-oz. level
Platinum and palladium took centre-stage during the Jan. 26-Feb. 1 report period, owing to uncertainty surrounding export quotas for the Noril’sk complex in Siberia that had yet to be signed by Russia…
Partners continue work
Australian junior Cratonic has now earned a 51% interest from Consolidated Trillion Resources (TLQ-T) and Nickelodeon Minerals (NKM-V) in the Nguble diamond exploration project in Zimbabwe.R…
METAL PRICES (February 07, 2000)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateFeb. 1Jan. 31Jan. 28Jan. 27…
Vaaldiam eyes SouthernEra properties
Vaaldiam Resources (VRL-V) has optioned three South African diamond projects from SouthernEra Resources (SUF-T).The Toronto-based junior can earn 70% interests in the Makoppa, Mooikloof and Prieska pr…
Regulators probe Bull River
Geologists from the British Columbia Geological Survey have cast doubt on the veracity of impressive gold grades reported by the two private companies developing the Bull River underground mine near C…