MOST ACTIVE ISSUES (November 23, 1998)
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Articles by Northern Miner Staff
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Dow flirts with 9,000 mark
The Dow Jones industrial average edged closer to the 9,000 point mark, actually surpassing that level during the report period of Nov. 11-17. The average was up 122.3 points (or 1.4%) to finish the we…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Madison, Redwood bright spots in glum market
The Vancouver Stock Exchange composite index dropped 4.12 points, or 1%, to close the Nov. 11-17 report period at 401.03. The mining index slipped below the 300 mark, falling 7.57 points, or 2.5%, to …
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — TSE rebounds while producers have mixed week
Over the report period ended Nov. 17, the Toronto Stock Exchange 300 index overcame losses incurred in the previous week, with the broad market rising 1.3% to end the period at 6,337.78The TSE’s preci…
Northair drills for bulk-tonnage potential
Underground sampling of historic workings in the main Venturina target zone in northern Mexico has yielded gold-silver values higher than those reported from previous surface samples.International Nor…
Kinross Gold continues cost-cutting at mines
Low gold prices are taking their toll on Kinross Gold (K-T) despite ongoing efforts to slash production costs at existing mines in the Americas, Africa and Far Eastern Russia.The company reported a ne…
Sunshine writes down investment in mine
Disappointing drill results have forced Sunshine Mining & Refining (SSC-N) to write down a major portion of its investment in the Sunshine mine in northern Idaho.Against its third-quarter earnings, th…
St Andrew Goldfields improves bottom line
While still in the red, St Andrew Goldfields (SAS-T) managed to improve its balance sheet in the third quarter.For the three months ended Sept. 30, the junior lost $47,000 on revenue of $1.8 million, …
Gold Canyon finds new partner for Springpole
In return for exploration expenditures of $2.5 million over four years, Wyoming-based Pasco Rico Resources can earn up to a 51% interest in Gold Canyon Resources’ (GCU-V) Springpole Lake gold project …
Rio Algom stays profitable during expansion
Increased production and lower cash costs allowed Rio Algom (ROM-T) to record positive third-quarter earnings despite low copper prices.For the three months ended Sept. 30, Rio Algom posted net earnin…
Hillsborough aims to boost productivity
A workforce reduction was not sufficient to keep Hillsborough Resources (HLB-T) in the black at its 63%-held Quinsam coal division near Campbell River, B.C.The company laid off 130 employees in July, …
Ashanti boosts production
For the fifth consecutive quarter, Ashanti Goldfields (AHD-T) has reported record production and cost reductions at its portfolio of operating mines in Africa.During the three months ended Sept. 30, t…