Sherritt spring earnings up
Toronto-based Sherritt International (S-T), which has operations in Canada and Cuba, is reaping the benefits of record oil production, upward-trending commodity prices and enhanced efficiency.The comp…
Articles by Northern Miner Staff
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — EuroZinc, Grayd buck trend as VSE tumbles
The Vancouver Stock Exchange composite index nosedived 14.26 points, or 3.4%, over the report period ended Aug. 10 to close the week at 400.89. The mining index also lost ground, shedding 6.35 points,…
Seabee production increases
Increased production from the Seabee mine in northern Saskatchewan kept Claude Resources (CRJ-T) in the black during the first half of 1999.Earnings during the period reached $1.9 million (6 cents per…
Aquest seeing gold, antimony at Anabella
Drilling at the Anabella project in the western highlands of Guatemala has encountered intermittent zones of gold-antimony mineralization, reports operator Aquest Minerals (AQU-V).The results come fro…
Geomaque tackles San Francisco costs
The San Francisco gold mine in Mexico continues to provide a steady stream of production to Geomaque Explorations (GEO-T), having churned out 17,532 oz. in the second quarter.The quarterly output brin…
Anglo explores Peruvian gold prospect
The Peruvian subsidiary of South African-based Anglogold (AU-N) has signed a letter-of-intent with Solitario Resources (SLR-T) to acquire an interest in the Sapalache gold property in northern Peru.An…
PEOPLE — Battle Mountain (August 16, 1999)
Ian Atkinson appointed vp operations and exploration.
Rubicon starts drill program at Palmer
Junior Rubicon Minerals (RMX-V) has begun a 5-to-8-hole, 4,000-ft. drill program at the Palmer base metal project in southeastern Alaska.The road-accessible project, 35 miles northwest of the port of …
PEOPLE — Bolivar
Ian Ward appointed director.
Tahera funds work at Jericho (August 16, 1999)
Through a private placement, Tahera (TAH-T) intends to raise $3.5 million, a portion of which will be used to explore the Jericho diamond properties in the new Canadian territory of Nunavut.The privat…
Richmont posts quarterly loss
Montreal-based Richmont Mines (RIC-T), which has operations in Quebec and Newfoundland, is feeling the pinch of low gold prices, increased cash costs and reduced production.The company posted a loss o…
INVESTMENT COMMENTARY — Falconbridge recommended for exposure to nickel, copper assets
Production from two new mines has prompted mining analysts to take a closer look at Falconbridge (FL-T), the world’s third-largest nickel producer and Canada’s largest producer of copper.Roger Chaplin…