Interest payments take toll on Northgate
Vancouver — Despite higher production and lower cash operating costs at its Kemess mine in northern British Columbia, Northgate Exploration (NGX-T) used red ink on its 2000 balance sheet.The company …
News
News – 30-APR-01
NovaGold sells assets
Denver — To fund exploration on its recently acquired Donlin Creek gold deposit, in southwestern Alaska, NovaGold Resources (NRI-T) has liquidated several non-core assets.The company sold commercial …
PEOPLE (April 30, 2001)
Black Bull — Jack Hartery appointed director.Cons. Oasis — John Buckle and Andre St-Michel appointed directors.Stratabound — Daniel Hrushewsky appointed VP.Kalimantan Gold…
Temagami has diamond potential: OGS
Stream sediment-sampling by the Ontario Geological Survey (OGS) has uncovered new targets for diamond exploration in the area of Temagami and Marten River, northwest of North Bay.The survey outlines s…
Rate cut propels market rally
Denver — The Dow Jones industrial average continued climbing after the U.S. Federal Reserve announced a surprise interest rate cut of 0.5%. The market finished the April 18-24 report period up 237.61…
Staff Investment Policy (April 30, 2001)
The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public off…
Algoma files for court protection
A huge first-quarter loss, overwhelming long-term debt and massive steel dumping into North America by foreign countries have forced Algoma Steel to file for court protection from its creditors.The Sa…
OGS expands database
The Ontario Geological Survey (OGS) has purchased airborne geophysical data from the private sector and is making the information available to the mining industry.The OGS will use the data to compleme…
Western Copper goes it alone
Vancouver — Western Copper Holding’s (WTC-T) joint-venture partner, Lima, Peru-based Mauricio Hochschild & Cia, has dropped its option to earn a 68% interest in the Penasquito silver-lead-zinc proper…
Caber drilling goes one-for-six
A 6-hole drill program mounted by Quebec government-owned Soquem has failed to intersect any significant sulphides on the Caber property, west of Matagami; however, the work did uncover significant mi…
Royal Standard seeks PGMs
Denver — Royal Standard Minerals (RSM-M) has signed a letter of intent to acquire a half-interest in a platinum-palladium project in far-eastern Russia.The company will pay Geoprospects International…