Placer Dome outlines plans for 2003
Vancouver In addition to ramping up gold production, Placer Dome (PDG-T) plans to reinvest US$220 million on its…
Articles by Northern Miner Staff
Falconbridge grounds Kidd for eight weeks (February 25, 2003)
Citing a poor zinc market, Falconbridge (FL-T) reports that it will extend to eight weeks the planned two-week main…
Golden Phoenix plans attack at Borealis (February 25, 2003)
Golden Phoenix Minerals (GPXM-O) has tabled plans for a three-pronged exploration program at its Borealis gold proj…
Trading Summary (February 24, 2003)
The bears had a firm grip on the bulls’ nose rings in trading on Monday, with the TSX Composite index off 56.33 poi…
McWatters extends reach in northwestern Quebec
Two transactions, one with Quebec mining enterprise SOQUEM and another with Barrick Gold (ABX-T) will give McWatter…
Canico releases Onca drill results
Vancouver — Canico Resource (CNI-V) has tabled results from the first 77 holes in the company’s ongoing drill prog…
FNX, Dynatec table McCreedy West resource (February 24, 2003)
With production scheduled to begin in weeks, partners FNX Mining (FNX-T) and Dynatec (DY-T) have tabled resource es…
TSX roars despite gold’s withdrawal
Buyers outpaced sellers over the Feb. 12-18 report period to push the Toronto Stock Exchange composite index up an impressive 118.51 points, finishing at 6,592.55.Gold, which had soared of late, was y…
Northern Miner Indices (February 24, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T19.5%CamecoCCO-T3.1%FalconbridgeFL-T4.0%Freeport BFCX.B-N5.7%Glamis GoldGLG-T3.3%GoldcorpG-T5.4%IncoN-T9.0%Meridian GoldMNG-T…
Canico buys out Inco in Brazil
Vancouver — Canico Resource (CNI-V) has raised enough funds to acquire Inco’s (N-T) Ona-Puma nickel laterite project in Brazil’s Para state.Recent financings allowed the junior to fulfil its require…
Golden Star closes $51m financing (February 24, 2003)
Golden Star Resources (GSC-T) has completed an over-subscribed, bought-deal offering, raking in gross proceeds of $51 million.Led by brokers Canaccord Capital and BMO Nesbitt Burns, the private placem…
Taconite helps make raceway safer and faster
The full-throttle roar of engines and rowdy fans have not been heard since late October at the Brainerd International Raceway (BIR) in north-central Minnesota, but not all is silent. More than 600 ton…