Dianor steps up diamond search in Ontario
Diamond junior Dianor Resources (DOR-V) has picked up an option to earn into Eastmain Resources’ (ER-T) Abitibi Extension project, north of Dianor’s Cluster project, near Kirkland Lake in northern Ont…
Articles by Northern Miner Staff
Goldfields sees profits shrink
Vancouver — Gold Fields (GFI-N) posted a 40% drop in profits between the 3-month period ended Sept. 30 and the previous quarter.The world’s fourth-largest bullion producer earned US$61 million in the…
Placer Dome earns less on higher output
Vancouver — Despite record production and strong operating cash flow in the third quarter, Placer Dome (PDG-T) suffered a loss in profits, owing to a derivatives expense.The major earned US$21 millio…
Review may urge World Bank to halt mining finance
A report now being prepared by an outside review committee will recommend significant changes to the way World Bank agencies fund projects in the resource industries, The Northern Miner has learned.Th…
Aurelian aims drills at Condor
Vancouver — Aurelian Resources (ARU-V) has launched a 1,500-metre drill program at the Condor gold project in southeastern Ecuador.The junior is currently testing the vertical extent of mineralizatio…
Editorial Cartoon (November 10, 2003)
Alcoa cited by Hungarian mag
A Hungarian business magazine has given its “corporate citizenship” award to the Alcoa-Kofem fabricated aluminum plant in Szekesfehervar for its work in the local community.Figyelo magazine commends A…
Most Russians survive ordeal
Eleven of the 13 men trapped in a flooded mine in southern Russian have survived the 6-day ordeal. Of the two remaining miners: one has died, and the other is missing.As many as 800 rescuers dug throu…
Junior exchange soars to new highs
Vancouver — Canada’s junior exchange surged forward over the week ended Nov. 4 as resource stocks continued to spark investor interest. The S&P-TSX Venture Exchange composite index rose 92.8 points, …
Daily Metal Prices (November 10, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateNov. 3Oct. 31Oct. 30Oct. 29Oct. 28Al Alloy1390/1406…
Boston deep drilling cuts gold
A deep drilling campaign at the Boston gold deposit of Miramar Mining (MAE-T) has shown that gold mineralization may persist to a depth of almost 1,400 metres.Two drill holes completed in late summer …
PNWC finds more PGMs at Varley zone
Vancouver — Pacific North West Capital (PFN-T) has intersected a significant zone of mineralization at its River Valley property, near Sudbury, Ont.The mineralization is centred on the Varley zone, 3…