Iamgold, Repadre ready to combine
Two of the smaller but richer companies in the gold business, Iamgold (IMG-T) and Repadre Capital (RPD-T), have ann…
Articles by Northern Miner Staff
Grupo Mexico eyes Mission closure
Vancouver – Diversified miner BHP Billiton (BHP-N) may not envision any further production cuts from its copper ope…
Drills spin at St. Jude’s Subriso and Hwini-Butre
Vancouver — St. Jude Resources (SJD-V) has kicked off its fall drilling campaign at its Subriso and Hwini-Butre pr…
PFN coasts on River Valley
A fifth phase of drilling has doubled the size of the River Valley palladium deposit in northern Ontario, reports Pacific North West Capital (PFN-T).Combined measured and indicated resources now stand…
Lending Rates (October 28, 2002)
as of 4 pm ET, Oct. 22, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.84LIBOR US$ 6-month1.84LIBOR US$ 1-year2.01Gold lease 3-month0.34Gold leas…
Matamec finds more Sakami gold (October 28, 2002)
Junior Matamec (MAT-V) has found several more gold showings at its Sakami property in the James Bay region of Quebec.In the JR area, 25 of 126 grab samples yielded between 0.1 and 9.6 grams gold per t…
Third-quarter earnings up at Inco
Nickel producer Inco (N-T) saw its earnings increase in the normally slow third quarter, largely owing to higher nickel prices.Inco posted a US$84-million profit, or net earnings of US$91 million, for…
FNX, Dynatec confirm zone at Norman (October 28, 2002)
Infill drilling on the North zone of the Norman nickel-copper deposit, northeast of Sudbury, Ont., has confirmed mineralization at vertical depths of around 165 metres.The program, carried out by part…
Sherritt, Ontario Teachers put Fording on notice
Fording, Canada’s largest producer of export coal, took centre-stage in the Oct. 16-22 report period, becoming the latest takeover target of Sherritt International and the Ontario Teacher’s Pension Pl…
Aredor kimberlites reveal more stones (October 28, 2002)
Partners Rio Tinto (RTP-N) and Trivalence Mining (TMI-V) have recovered more diamonds from the Aredor concession in Ghana.Rio, which operates the project, recently sank eight holes into a promising g…
Junior market ends bearish slide
Vancouver — Canada’s junior exchange managed to find a few points while the major bourses rallied over the week ended Oct. 22. The S&P TSX Venture Exchange composite index tacked on 2.33 points, or 0…
Noranda inks Hemlo deal
Noranda’s exploration company has signed an agreement with Goliath Gold Mines and Golden Sceptre Resources that will likely result in a producing Hemlo area mine within two years.The deal, which gives…