Nugget Pond startup strengthens Richmont
The start of production at the Nugget Pond mine, near Baie Verte, Nfld., enabled Richmont Mines (ric-t) to boost its operating cash flow tenfold in the second quarter, compared with 1996 levels. Also,…
Articles by Northern Miner Staff
Royalty sisters report mixed quarter
Rescheduling of operations at Barrick Gold’s (abx-t) Goldstrike project in Nevada has boosted first-quarter earnings for Euro-Nevada Mining (an-t), while impeding those of sister company Franco-Nevada…
COMMENTARY — Communication is key
The author is a senior geologist at Watts Griffis & McOuat and has written the following article at the request of Keep Mining in Canada, a grassroots campaign designed to increase awareness of the im…
DIAMOND PAGE — Cypango arranges placement
Cypango Ventures (cav-v) has arranged a brokered private placement of up to 5 million special warrants at a price of 40 cents per warrant.Each special warrant will be exchangeable into one common shar…
CIM meeting to discuss exploration methods
The methods and limitations of mineral exploration will be the focus of a symposium to be hosted by the Mineral Economics Society of the Canadian Institute of Mining, Metallurgy & Petroleum on Sept. 2…
DIAMOND PAGE — More kimberlite found at Klipspringer project
SouthernEra Resources (suf-t) has found a kimberlitic body on a strike extension of the Sugarbird fissure on its Klipspringer project in South Africa’s Northern province.The new body has been traced i…
DIAMOND PAGE — De Beers flies high in first half
During the first six months of 1997, earnings for South Africa-based De Beers Consolidated Mines (dbrs-q) increased to US$507 million, compared with US$482 million in the first half of 1996.The rise i…
DIAMOND PAGE — Ashton identifies additional kimberlite
Diamond explorer Ashton Mining of Canada (aca-t) has discovered yet another kimberlite at the Buffalo Hills project in northern Alberta, bringing to 16 the number found since January.Newly discovered …
STOCK MARKETS — Vancouver’s mining index heads skyward — Solid drill results from several projects bolster western markets
The Vancouver Stock Exchange composite index gained 9.46 points over the report period ended Aug. 12 to close up 1.1% at 834.3, whereas the mining index finished 13.71 points higher at 753.93, for a g…
TSE INDICES (August 18, 1997)
1997Aug 12Aug 11Aug 8Aug 7Aug 6HighLowComposite30…
Agnico-Eagle reports second-quarter loss
Lower gold prices and production, as well as reduced interest income, led to a loss for Agnico-Eagle Mines (age-t) in the second quarter.The company recorded a net loss of $1.2 million (or 3 cents per…
Asia Minerals discovers high-grade copper-zinc-gold target
A first-phase exploration program by Asia Minerals (amp-a) has resulted in a copper-zinc-gold discovery at the Aurora property in the Sierra Madre mountains of Luzon province, in the Philippines.The c…