Gold group retains law firm
A New Hampshire group calling itself the Gold Anti-Trust Action Committee (GATA) has retained the Philadelphia law firm Berger & Montague to help it investigate allegations of manipulation in the gold…
Articles by Northern Miner Staff
EDITORIAL & OPINION — Labour needs a new agenda — Us and them
Canadians and Americans are different in one major way, a visiting foreign businessman once observed. South of the 49th Parallel, the American Dream — the notion that Joe Average can become Top Dog t…
EDITORIAL & OPINION — ODDS ‘N’ SODS — Many mineros poor but happy
The following is the third in a series of articles in which the author, an exploration geologist based in Delta, B.C., recounts his experiences working in the jungles of Venezuela in the late 1980s an…
AG votes in favour of Homestake takeover
Shareholders of Argentina Gold (ARP-V) have voted 99% in favour of an offer by San Francisco-based Homestake Mining (HM-N) to acquire all of the junior’s outstanding shares.Under the proposed arrangem…
Pierina powers Barrick to record quarter
In stark contrast to its struggling peers, industry-leader Barrick Gold (ABX-T) has just turned in its best quarter ever, thanks to a potent combination of soaring production, falling costs and record…
Boliden still bleeding despite cutting costs
With the Myra Falls mine out of production and output reduced at its Ronnskar smelter, Boliden (BOL-T) posted a loss of US$22.9 million for the first quarter of 1999.The loss, amounting to US21 cents …
Rio Tinto boosts reserves at Argyle
Rio Tinto (RTP-N) has increased minable reserves at Australia’s largest diamond mine by 45%, extending the life of the operation to 2006 at current mining rates.The reserve boost at the Argyle mine in…
DIAMOND PAGE — Caldera flies Pilbara properties
Having been active up to now in South Australia, Caldera Resources (CDR-M) recently completed geophysical surveys on two properties in the Pilbara Block in Western Australia.Caldera, which absorbed pr…
Euro bows out of Golden Cycle deal — IRR too low to justify purchase price
Euro-Nevada Mining (EN-T) has decided against acquiring a 54% stake in Golden Cycle Gold (GCC-P), which owns a 33% interest in the Cresson gold mine near Colorado Springs, Colo.After a thorough due di…
METAL PRICES (May 03, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateApril 27April 26April 23Apri…
HMINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — AG settles following Homestake deal
The Vancouver Stock Exchange composite index edged up 1.03 points, or 0.02%, to finish the week ended April 27 at 436.51. The mining index lost 1.95 points, or 0.6%, and ended at 310.56.Meanwhile, the…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Dow eyes 11,000 mark
The Dow Jones industrial average rose 383.16 points, or 3.7%, in the report period ended April 27 to finish at a new high of 10,831.71, closing in on the 11,000 mark.Mining issues were mixed as gold a…