Richmont, Louvem finish 1998 profitably
Richmont Mines (RIC-T) is writing its year-end story in black ink for the seventh time in a row.The Montreal-based gold producer earned a profit of $3.9 million (or 25 cents a share) on revenue of $47…
Articles by Northern Miner Staff
Franco, Euro declare dividends — again
With a new mine in production and bright profit pictures despite bad times for gold, Franco-Nevada Mining (FN-T) and Euro-Nevada Mining (EN-T) have declared dividends, making an unbroken 11 years of d…
DIAMOND PAGE — Ashton finds five kimberlites in Alberta
With two-thirds of the 1999 winter drill program now complete, Ashton Mining of Canada (ACA-T) reports it has discovered five new kimberlites in the Buffalo Hills region of north-central Alberta.Initi…
DIAMOND PAGE — De Beers strikes deal to buy Canadian diamonds
De Beers Consolidated Mines (DBRS-Q), through Swiss-based De Beers Centenary, has reached an agreement-in-principle with BHP Diamonds to buy 35% of run-of-mine production from the Ekati diamond mine i…
Moss to drill Quebec prospect
Drilling by Moss Resources (MRS-T) will test a newly outlined polymetallic showing at the Duval-Boudreault property near Val d’Or, Que. The program, scheduled to begin in late March, will also test ne…
MINING MARKETS & INVESTMENT NEWS – INSIDER TRADING — Etruscan execs discard options
Recent insider trading transactions reported by the Ontario Securities Commission in its OSC Bulletin, include the following:Etruscan Resources (EET-T) — Glenn Holmes, officer, disposed of 300,000 op…
EDITORIAL & OPINION – COMMENTARY — Resource estimation and geological constraints, Part 2
Without a doubt, the most important step in deposit resource estimation is formulating a well-constrained geological model for the orebody, its shape and the structure and stratigraphy that controls i…
SPOT PRICES (March 15, 1999)
Precious MetalsPrice (US)ChangeGold$291.50+$4.85Silver$ 5.24-$0.11…
Dynatec riding out downturn
Contract miner Dynatec (DY-T) is finding a silver lining in the dark clouds hanging over the mining industry.Despite the industry downturn, the Richmond Hill, Ont.-based company says it has improved i…
Cabribgold options ground
Caribgold Resources (CG-T) has joined the rush to the Lac Rocher area of Quebec, the site of a new nickel discovery, by acquiring 369 claims from a private party.The junior must pay $108,680 immediate…
Lyon Lake completes merger
Lyon Lake Mines (LLL-V) has won final approval for a business combination with Palmer Resources.The consolidated shares of Lyon Lake began trading on the Montreal and Vancouver stock exchanges Feb. 19…
MINING MARKETS & INVESTMENT NEWS – U.S. MARKETS — Dow hits all-time high
The Dow Jones industrial average shot to an all-time high of 9,736.08 points in the middle of the report period ended March 9, only to fall off to finish the week at 9,693.76, up 396.15 points, or 4.3…