Inmet, Aur cancel merger
Aur Resources (AUR-T) and Inmet Mining (IMN-T) have broken off the planned merger they announced May 4.Short st…
Articles by Northern Miner Staff
Frontier Pacific acquiring Newmont’s Turkish mine
Vancouver – Frontier Pacific Mining (FRP-V) is purchasing the Ovacik gold mine in western Turkey from Newmont (NEM-…
Giant mine on last legs
After incurring significant losses in the first quarter at the flagging Giant gold mine in Yellowknife, N.W.T., and witnessing similar results in April and May, Miramar Mining has decided to close the aging operation.
Miners support cyanide code
Six of the world’s largest gold producers, together with three manufacturers of sodium cyanide, have pledged their commitment to the International Cyanide Management Code (Code).
People (June 28, 2004)
Peru amends royalty legislation
New royalty legislation will get the go ahead in Peru, but the percentage will be tied directly to commodity prices versus the original proposal, which called for royalties on company revenue.
Spot Prices Tuesday, June 15, 2004 Courtesy of Scotiabank (June 28, 2004)
Precious MetalsPrice (US$/oz.)Change…
Suppliers Roundup (June 28, 2004)
AMEC gets Phoenix contract…
Anooraq-Pelawan combo OKed
Vancouver — The South African Exchange Bank has given conditional approval to the proposed combination of
Bonanza grades at Red Lake mine
Uranium miners heat up
The Toronto Stock Exchange’s gold index jumped 5.21 points, or 2.7%, to 201.46 during the June 16-22 report period. Not surprisingly, the price of gold rose US$10.50 to an afternoon fix of US$395.75 per oz. in New York on June 22. The rest of the…
Gold rebound nudges juniors higher
The TSX Venture Exchange retook some ground over the trading period June 16-22, closing at 1,568.96, up almost 46 points. The junior market was propelled by a rebound in the gold price, closing at US$395 per oz., up about US$6. Gold seems to be en…