Market mayhem crushes miners
U.S. markets were extremely volatile and bearish over the report period ended July 16, with the general media often using the term “bungee-jump” to describe the intra-day moves of the main market indi…
Articles by Northern Miner Staff
New forms of gold jewelry share spotlight
Two South African gold companies have entered separate offerings in the gold jewelry market, but for different reasons.AngloGold has teamed with American talk-show host Oprah Winfrey and Edgars, the c…
Cumberland starts new Meadowbank drilling (July 22, 2002)
Cumberland Resources (CBD-T) has started a second phase of drilling on its Meadowbank gold project in Nunavut, following an earlier program that outlined a new zone of mineralization.The new program, …
Correction (July 22, 2002)
The editorial in our July 15-21 issue was cut off without its last line. The last sentence should have read, “That means secure property rights and the enjoyment of income, resources or no resources.”
GFMS hosts seminar
Issues affecting the precious metals market will be discussed at a seminar hosted by Gold Fields Mineral Service on Sept. 24 at Trinity House in London.The event caters to mining executives, central b…
Alcan’s earnings down, revenues up (July 22, 2002)
Despite lower prices for its aluminum products, Alcan (AL-T) still managed to turn a respectable profit in the second quarter.For the period ended June 30, Alcan posted net income attributable to comm…
Exchange Rates (July 22, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 16July 15July 12July 11July 10US$ in C$1.53481.53661.53021.5…
Port Colborne residents to appeal cleanup standard
Residents of Port Colborne, in Ontario’s Niagara region, have been given the right to appeal a cleanup order which they say is too limited.The order, made in March by the Ministry of the Environment, …
Gold Funds (July 22, 2002)
Gold Funds as at July 11, 2002Dundee Precious MetalsCentral FundNet Value$23.48$5.91Price$17.45…
Producer and Dealer Prices (July 22, 2002)
Antimony: Mid-mkt US$1,550/t.Bismuth: Mid-mkt US$3.00/lb.Cadmium: Mid-mkt US$0.30/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.50-7.50/lb.Copper: Comex Sept US$0.7435/lb.Indium: Ind…
Teck Cominco joins Wolfden’s pack (July 22, 2002)
Teck Cominco (TEK-T) has entered into an agreement with Wolfden Resources (YWO-V) to participate in the exploration of the High Lake volcanogenic massive sulphide property on Bathurst Inlet in Nunavut…
Kikerk Lake find carries diamonds
A kimberlite found this past spring by Ashton Mining of Canada (ACA-T) has proved diamond-bearing. The discovery was made on the Kikerk Lake joint-venture property in the Coronation Gulf district of N…