Goldcorp cashes in on gold rally
Higher gold prices and a slew of encouraging earnings reports augured well for Canadian producers over the Oct. 21-28 report period. The Toronto Stock Exchange’s gold sub-group climbed 10.71 points to…
Articles by Northern Miner Staff
DRD gains 20% of Porgera
South African-based Durban Roodepoort Deep (DROOY-Q) has agreed to acquire Australian-listed Oil Search’s 20% interest in the 760,000-oz.-per-year Porgera gold mine in Papua New Guinea, for US$73.8 mi…
Pan Am buys royalty
Pan American Silver (PAA-T) has bought back a 3% net smelter return royalty on its Huaron silver mine in Peru from a group of Peruvian companies for US$2.5 million. The buy-back will increase Huaron’s…
Coeur d’Alene active in South America
Vancouver — The world’s largest primary silver producer, Coeur d’Alene Mines (CDE-N) lost US$17.9 million (or US10 per share) in the recent third quarter, compared with a loss of US$12.3 million (US…
DFI eyes $8.1m as production resumes
Having recently resumed mining on the Marshall Fork marine diamond deposit in Luderitz Bay, Namibia, Diamond Fields International (DFI-T) is arranging a non-brokered private placement worth $8.1 milli…
South Atlantic eyes Swedish IOCG
A new copper-gold discovery has prompted South Atlantic Ventures (SAA-V) to increase the size of its exploration portfolio in Sweden’s Kiruna mining district.The Kiruna region is famous for the huge a…
Rising Canadian dollar affects Cambior
The combination of a stronger Canadian dollar and lower gold production hampered third-quarter earnings for Cambior (CBJ-T).The company’s profits slipped to US$700,000 (or nil per share) on revenue of…
J-Pacific renews exploration
Subject to regulatory approval, J-Pacific Gold (JPN-V) will privately raise $300,000 to renew exploration in British Columbia.The placement consists of 750,000 units, of which 550,000 will qualify for…
Bush flying in Manitoba
I first became acquainted with bush flying in the summer of 1952 when, as a third-year geology student, I was hired by Inco as a “geological assistant” for work in northern Manitoba.Actually, geology …
Codelco, Enami strike Ventanas deal (November 03, 2003)
After more than two years of cantankerous negotiations, Corporacion Nacional del Cobre de Chile (CODELCO), has inked a deal to acquire the Ventanas copper smelter and refinery from the Chilean copper …
Randgold ups Ashanti ante, omits cash (November 03, 2003)
True to its word, Randgold Resources (GOLD-Q) has boosted its all-share offer for Ghanaian-based Ashanti Goldfields (ASL-N).Under the revised bid, Ashanti shareholders are being offered 0.56 of a Rand…
Nevada Pacific drills Limousine Butte
Junior Nevada Pacific Gold (NPG-V) has renewed drilling at its Limousine Butte project in east-central Nevada.The 1,600-metre program will consist of eight holes in the Resurrection Ridge area, where …