THE NORTHERN MINER — SMALL PRODUCERS INDEX (November 09, 1998)
91.23 (-7.41)(Sept 30/98 = 100)…
News
EDITORIAL & OPINION — GEOLOGY 101 — MVT lead-zinc deposits, Part 2
Mississippi Valley-type (MVT) deposits are important producers of zinc and lead, with zinc production being dominant. Some deposits, such as that of Newfoundland Zinc Mines, have contained negligible …
Noranda maintains strong balance sheet — Major’s restructuring program to focus on mining, metals
Like its competitors, Noranda (NOR-T) experienced drops in third-quarter earnings and revenue as a result of low metal prices.In the three months ended Sept. 30, the company earned $22 million (or 7 c…
Summo confirms grades at Johnson
Junior Summo Minerals (SMA-T) reports that exploration drilling at the dormant Johnson Camp mine in Arizona has confirmed the thickness and grade of the Copper Chief deposit.Results from eight infill …
Elkhorn gets boost
Treminco Resources (TMO-T) has received an updated resource estimate for the Elkhorn gold project in Montana.The Canadian subsidiary of Mineral Resource Development Inc. (MRDI), a division of H.A. Sim…
MINING MARKETS & INVESTMENT NEWS — NEWS ROUNDUP — BHP, Golden Star exces come and go
After a global search, Broken Hill Proprietary has appointed Paul Anderson managing director and chief executive officer. A management shakeup at the Australian-based resource conglomereate had been e…
Monopros pulls diamonds from Victoria Island
The Snowy Owl kimberlite at the Victoria Island project in the Northwest Territories has yielded 75 diamonds from an 80-kg sample.The preliminary diamond count was reported verbally to partners Major …
EDITORIAL & OPINION — Education misstep warrants letter campaign — Save geology
We might understand if it had happened in New Jersey, or Hawaii, where little or no mining takes place. But we don’t understand why one of the most resource-rich regions of the world is shunning the d…
Writedown costs Denison third-quarter profit
Denison Mines (DEN-T) posted a loss of $10.4 million (3 cents per share) for the third quarter, following a writedown of $11.5 million on unsuccessful offshore oil drilling in the Mediterranean Sea.Th…
GREATEST VALUE TRADED (November 09, 1998)
ExchgVal (000s)HighLowCloseChangePlacer DomeT2925…
Partners drill in Argentina
Vancouver-based partners Primo Resources (PRI-V) and Golden Peaks Resources (GL-V) have begun diamond drilling at their Los Dos Buhos and Sierra de Las Minas gold properties in southwestern Argentina….
MINING MARKETS & INVESTMENT NEWS — NEWS ROUNDUP — Taurus terminates agreement
Vancouver-based International Taurus Resources (ITS-V) has cancelled its agreement with American Copper (ACC-V) to explore and develop the Lyon gold property in Yerington, Nev.Taurus intends to contin…