Articles by Northern Miner Staff

N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Dec 110.00 109.00 109.70 — 3.25 Jan 109.55 108.90 109.50 — 1.00 Feb 109.30 108.50 109.30 0.10 SILVER (in US cen…

Although Treminco Resources (TSE) reported a net loss of $70,000 for the year ended July 31, cash flow was $1.61 million. This compares with net income of $317,000 and cash flow of $1.96 million in 19…

MVP BGR Central Capital Net value $9.38 $5.39 $0.26 Price $8.25 $4.850 $0.13 Discount 12.05% 10.0% 50.0% Value $55,826,331 $81,597,855 N/A…

Through two private placements totalling 700,000 units, Central Crude (TSE) expects to raise $7.7 million for continued exploration on its Eagle River and Moss Lake gold properties in northern Ontario…

Great Lakes Minerals (TSE) has just received the best assays yet from their copper project on the Keeweenaw Peninsula in northern Michigan. Hole 9, drilled on the 543-S deposit, intersected 41.7 ft. g…

David Libby resigned as a director. A successor to be announced.

Michael Callahan, Angus Stewart and Stanley Ford appointed directors succeeding James Brown, Clive Brown and Ivan Christopher; Michael Callahan appointed president and Angus Stewart appointed secretar…

Halifax-based Scotia Prime Minerals (ASE) and Phelps Dodge of Canada, a unit of major copper producer Phelps Dodge (NYSE), have teamed up to explore three base metal properties in Nova Scotia. Under a…

Vancouver-based International Mahogany (TSE) has agreed to acquire a 33% initial stake in Columbia Gold Mines (VSE) through a private placement deal. Under an agreement, Mahogany is acquiring one mill…

Employees of the smelting and refining plants at the Sudbury, Ont., operations of Inco (TSE) will take a 5-week vacation next summer beginning July 1, the company announced. The company’s mining and m…

Toronto-based Noranda (TSE) may begin selling off core assets including Hemlo Gold Mines (TSE) if cost-cutting measures fail to contain the company’s $3.9-billion long-term debt. Senior executives at …

Using parameters applicable to open pit mining, Billiton Metals Canada has calculated a preliminary reserve of 12.6 million tons grading 2.2% zinc, 3% lead and 1.46 oz. silver per ton at the Blende de…