Sunshine dims under cloud
Silver explorer Sunshine Mining & Refining has filed for protection under chapter 11 of the U.S. bankruptcy act.The company has proposed a plan of reorganization with the approval of its four largest …
News
Canadian mining: leaders in productivity
An information bulletin from Natural Resources Canada states that annual productivity growth in the country’s minerals and metals sector exceeded that of the total economy between 1984 and 1998.(The m…
CDNX grabs bull by horns
Canada’s junior exchange ended the report period Aug. 23-29 on a high note, with all indices posting gains. The Canadian Venture Exchange composite index jumped 64.61 points, or 1.9%, to finish the we…
Canadian Stock Exchange Indices (September 04, 2000)
DateAug. 29Aug. 288Aug. 25Aug. 24Aug. 23HighLowTSE 300111…
Richmont in black again
A second good quarter is the reward for the bookkeeping adjustments made in 1999 by small gold producer Richmont Mines (RIC-T).Richmont, which operates gold mines in Quebec and Newfoundland, earned $1…
Billiton trumps Noranda’s bid for Rio Algom
The big story during the Aug. 23-29 report period was the surprise $1.7-billion ($27 per share) cash offer for Rio Algom by British giant Billiton, which currently produces aluminum, iron ore, nickel …
NAP on winning streak
Once awash in red ink, North American Palladium (PDL-T) has turned the corner to become a highly profitable junior producer.Net earnings in the three months ended June 30 topped $11.7 million (or 82 …
New world order
Competing takeover bids for base metal producer Rio Algom can’t have come as a surprise to too many industry-watchers. For three years now, the seers have been predicting consolidation in both the bas…
Corrections (September 04, 2000)
William Hayes is the executive vice-president of U.S. and Latin America operations for Placer Dome. He was not elected chairman of Placer Dome as stated in our Aug. 21-27 issue; he was elected chairma…
Editor’s Response
The Northern Miner received the letter from Mr. Sloan of Can-Cal Resources through several channels. Our assistant editor, James Whyte, felt obliged to reply to a number of points in the letter:Mr. Sl…
LME Warehouse Levels (September 04, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug. 29/00 (change from Aug. 22 in brackets):Metal Stock(tonnes) Change…
Metal Prices (September 04, 2000)
DateAug. 29Aug. 288Aug. 25Aug. 24Aug. 23BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)…