Akiko reports Springpole assays
Joint venture partners Akiko- Lori Gold (VSE) and Noranda (TSE) have reported more low-grade gold intercepts from an ongoing work program at their Springpole property, 70 miles northeast of Red Lake, …
Articles by Northern Miner Staff
Metal prices, dollar affect Audrey results
Weak precious metal prices and a strong Canadian dollar were two factors that forced Audrey Resources (TSE) to break out the red ink when reporting its first-half financial results. The Rouyn-Noranda,…
11 Toronto Stock Exchange Indices
Aug. 21 Aug. 20 Aug. 17 Aug. 16 Aug. 15 HIGH LOW Composite “300” 3457.65 3487.69 3491.90 3509.99 3508.08 4009.47 3334.13 Metals & Minerals 3064.07 3129.37 3147.33 3168.33 3197.88 3453.06 2850.84 Integ…
Quintette cuts workforce
As a result of a cost reduction program at the Quintette mine, the company has permanently dispensed with 63 salaried positions and eight hourly positions. The program also includes a temporary layoff…
Audrey drilling new discovery
The first phase of an underground drilling program on the C lens, discovered near the 1100 lens at the Mobrun polymetallic mine near Rouyn-Noranda, Que., has been completed, Audrey Resources (TSE) rep…
Moondust to drill copper-gold bet
A 6,000-ft. diamond drill program is slated to begin shortly on the Webb copper- gold prospect where Moondust Ventures (VSE) can earn up to a 70% interest from Grand America Minerals (VSE). The proper…
Alberta Stock Exchange Galore boosts Yukon
Volume leader during the week ended Aug. 21 was Yukon Minerals which traded more than a million and a half shares for a gain of 12 cents. The Yukon issued closed at 28 cents after the company announce…
Superconductors will feature Inco metal alloys
An agreement has been signed between Inco Alloys International (IAI), a division of nickel giant Inco (TSE), and American Superconductor Corp. (ASC) of Massachusetts related to joint development of IA…
Montreal Exchange Lightning zone assays
Drilling of the Lightning gold zone in Harker and Holloway twps. in northeastern Ontario continues to excite operator Noranda and project partner Freewest Resources. Several intersections cutting more…
Agnico raises $27.6 million for projects
Through a proposed public offering of 3.2 million units, Agnico- Eagle Mines (TSE) will raise $27.6 million for its exploration and development projects. The units, offered on a “bought deal” basis by…
Minnova uncovers new zone near Winston Lake mine
Persistent exploration efforts by Minnova (TSE) around the company’s Winston Lake mine near Schreiber, Ont., have resulted in the discovery of a significant new zinc-copper zone about 1.5 km southwest…
U.S.REPORT Asset sale hikes CoCa Mines income
Denver-based CoCa Mines (TSE) reports net income of US$586,100 (5 cents per share) on revenue of $5.3 million for the quarter ended June 30, compared with a net loss of $399,700 (4 cents per share) on…