Noranda continues to rebound
In step with most of its competitors, base metal major Noranda (NOR-T) has started the new year by significantly improving its earnings.For the first quarter, Noranda posted earnings of $68 million (o…
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Battle Mountain inks processing deal for Holloway
Battle Mountain Gold (BMG-N) has revised its custom milling agreement for its Holloway mine, near Matheson, Ont.Under an arrangement with Barrick Gold (ABX-T), Battle Mountain will put up half the fun…
Eldorado stays on track during first quarter
In the first quarter of 2000, Eldorado Gold (ELD-T) racked up a US$1-million profit and continued to reduce its outstanding debt.The company’s goal is to produce 185,000 oz. of the yellow metal at a t…
EuroZinc resumes work
With new geophysical data in-hand and the Feitais zinc deposit still open to expansion, EuroZinc Mining (EZM-V) is about to launch a 5,000-metre drill program at the Aljustrel massive sulphide project…
Mazarin’s Lac Knife poised to become New Economy mine
If Jacques Bonneau has his way, Mazarin Mining (MAZ-T) will join the highly touted New Economy without leaving the mining business. The Quebec-based company recently unveiled plans to provide graphite…
Aur buys stake in Quebrada Blanca mine
Cominco (CLT-T) and Teck (TEK-T) have reached an agreement with Aur Resources (AUR-T) for the sale for their combined 76.5% interest in the Quebrada Blanca copper mine in northern Chile.Comi…
Merger pays off for Phelps Dodge
Phoenix, Ariz.-based Phelps Dodge (PD-N) attributes its first-quarter savings of US$30 million to the acquisition of Cyprus Amax Minerals late last year.Increased purchasing power enabled Phelps Dodge…
Partners form JV with Rio Tinto
Two Canadian juniors, Semafo (SMF-T) and Afcan Mining (AFK-M), have formed a joint venture with London-based Rio Tinto (RTP-N) to explore the Mont Kakoulima massive sulphide property in Guinea.
The Northern Miner — North American Mining Index (April 24, 2000)
77.59 (+2.06)(Sept. 30/98 = 100)…