Osisko, Virginia test showings at Payne Bay
Osisko Exploration (OSK-M) and Virginia Gold Mines (VIA-M) have completed a prospecting program aimed at identifying nickel targets at the Payne Bay property, near Ungava Bay in Quebec.The partners fo…
Articles by Northern Miner Staff
TSE SHORTS (August 16, 1999)
Short positions outstanding at July 31, 1999Larger individual positions include:Abitibi Consolidated 1,424,086, down 387,888; Alcan Aluminium 924,250, down 203,256; Armada Gold 150,000; Barrick Gold 6…
Tighter market squeezes PCS
Declining fertilizer demand and increased domestic competition took a bite out of Potash Corp. of Saskatchewan’s (POT-T) bottom line during the second quarter.For the quarter ended June 30, Potash Cor…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Improving metals help producers
The Dow Jones industrial average slipped 22.16 points, or 0.2%, to finish the report period Aug. 4-11 at 10,655.15.Mining issues inched upward on improving commodity prices. Gold was up to US$258.70 p…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Rising prices keep nickel miners buoyant
Nickel continued to lead the revived base metal market during the Aug. 4-10 report period, with prices climbing 12 cents to US$2.91 per lb. thanks to a combination of growing demand, shrinking stocks …
Careers (August 16, 1999)
Carbon Link Corporation, a member of CPL Environmental, an established activated carbon supplier to the gold mining industry, is seeking to employ a “GOLD RECOVERY EXPERT,” demonstrating technical exp…
Meetings (August 16, 1999)
Aug 16 Alpha Gold Aug 16 Gran Columbia Aug 16 Mango Aug 16 Rupert Aug 16 Telkwa Gold Aug 17 Bice Ventures Aug 17 Breckenridge Aug 17 Int’l Calneva Aug 17 Oromin Aug 17 Planet Expl. Aug 17 Redhawk Aug …
Noranda improves bottom line
Lower operating costs and higher metal production translated into higher income for Noranda (NOR-T) in the first half of the year.Earnings during the six months ended June 30 topped $34 million (or 10…
Maya, Billiton in Honduras
Maya Gold (MAY-A) and the Canadian subsidiary of London-based Billiton will explore for the yellow metal on the Triunfo concession in southern Honduras.To acquire an option on the property, Billiton h…
Index (August 16, 1999)
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Placer reports solid quarter, continues cost-cutting efforts
North America’s third-largest gold mining company turned a profit in the second quarter, demonstrating an ability to adapt to lower gold prices by increasing efficiency and maintaining solid hedging p…
Homestake makes $100,000
Higher production pushed Homestake Mining (HM-N) into the black during the second quarter of 1999, despite poor gold prices.The company earned US$100,000 in the 3-month period, compared with a loss of…