AMEC wins Meadowbank contract
Vancouver — AMEC has been hired to study the feasibility of mining the Meadowbank gold deposit in Nunavut. Situated 70 km north of Baker Lake, the property is owned by Cumberland Resources (CBD-T).Th…
Articles by Northern Miner Staff
Golden Star funds work in Ghana
Vancouver — With the price of bullion hitting US$350 per oz., Golden Star Resources (GSC-T) is advancing its mining properties in Ghana.The company filed a shelf offering to sell up to US$75 million …
European mission raises profile of central Newfoundland
A mining trade mission that visited Europe in early autumn 2002 to drum up interest in central Newfoundland’s resource potential has proved successful, according to the president of the Newfoundland a…
BHP Billiton drops Ekati brand
London-based BHP Billiton has dropped its Ekati diamond brand in favour of Aurias, a brand already known in markets outside North America.The company previously sold diamonds under the Ekati brand nam…
Aurizon goes deeper at Casa Berardi
Vancouver-based Aurizon Mines (ARZ-T) has raised $8 million after issuing nearly 5.2 million flow-through shares and 740,740 common shares priced at $1.35 apiece.The $7 million raised from the flow-th…
Intrepid enlarges Salvadoran gold target
Drilling by Intrepid Minerals (IAU-V) at the Aldea Zapote exploration concession, east of Metapan in the northwestern corner of El Salvador, has extended the property’s known silver mineralization dow…
Apollo raises $14.4 million for Montana Tunnels
One more sign that things are picking up in the gold business: Apollo Gold (APG-T) has completed a private placement of 6 million units priced at $2.40 each for gross proceeds of $14.4 million.A unit …
Lending Rates (January 06, 2003)
as of 4 pm ET, Dec. 19, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.40LIBOR US$ 6-month1.40LIBOR US$ 1-year1.52Gold lease 3-…
McWatters eyes Kiena revival (January 06, 2003)
Surface and underground drilling by McWatters Mining (MWA-T) has outlined new measured and indicated resources at the idled Kiena mine, near Val d’Or, Que.The resources, found in two zones, total 1.2 …
Daily Metal Prices (January 06, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateDec. 30Dec. 27Dec. 26Dec. 25Dec. 24Al Alloy1350/132…
Axmin closes financing (January 06, 2003)
Junior gold explorer Axmin (AXM-V) has closed a non-brokered private placement of 4.2 million units priced at 30 apiece, for total proceeds of $1.2 million.Each unit consists of one share plus a half…
Exchange Rates (January 06, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 30Dec. 27Dec. 26Dec. 25Dec. 24US$ in C$1.57891.5684HolidayHo…