Drilling heats up at Meadowbank
At its 3-million-oz. Meadowbank gold project in Nunavut, Cumberland Resources (CBD-T) is spending $2.5 million on a drilling program aimed at outlining enough ounces to support a 10-year mine capable …
Articles by Northern Miner Staff
NAME CHANGES (April 22, 2002)
Asquith Resources (YAQ-V) has changed its name to AXMIN (AXM-V) on a 1-new-for-1-old-share basis.Kenrich Mining (KRC-V) has changed its name to Kenrich-Eskay Mining (KRE-V…
Mideast crisis spells downside risks for metals
Several factors — the dearth of economic indicators that would indicate that manufacturing fundamentals are improving, the release of poor corporate financial results for the first quarter, and the p…
Canadian Royalties and Ungava Minerals battle over ground
Vancouver — The inclusion of a key piece of ground in the Phoenix nickel-copper-platinum-palladium property in northern Quebec has created a rift between Ungava Minerals (UNGV-C) and Canadian Royalti…
MOST ACTIVE ISSUES, APRIL 10-16
ExchgVol(000s)HighLowCloseChangeKinross GoldT202482.301.892.09+0.19…
Work halted at Magistral
Vancouver — Anaconda Peru, a wholly owned subsidiary of London-based Antofagasta, has decided not to increase its stake in the Magistral copper project in north-central Peru.The subsidiary had consid…
Excellon parts with portion of Platosa JV
Vancouver-based Excellon Resources (EXN-V) has decided to part with a third of its stake in a joint venture with Apex Silver Mines (SIL-X) for just less than $1.3 million.Excellon is earning a 51% int…
Newmont to redeem preferreds
Newmont Mining advanced $1.58 to US$28.19 over the report period ended April 16 as it called for the redemption (in mid-May) of all the issued and outstanding shares of its US$3.35 covertible preferre…
Cornerstone explores central Nfld
Junior Cornerstone Capital Resources (CTP-V) is gearing up to renew exploration at its Paul’s Pond and Island Pond gold properties in central Newfoundland.Paul’s Pond overlies 7.5 sq. km of the Ordovi…
eResearch looks at junior golds
In their inaugural Junior Gold Quarterly, mining analysts Bruce Reid and Don Poirier of Toronto-based Independent Equity Research (eResearch) have found good value in six North American gold juniors.T…
Inco celebrates centenary in the black (April 22, 2002)
Despite lower nickel prices and declining sales, Inco (N-T), which celebrates its 100th birthday this month, posted a profit of US$11 million for the first quarter. The figure marks a distinct improve…
Navigator comes up empty
Navigator Exploration (NVR-V) is disappointed by results from a short drilling program designed to test five high-priority geophysical pipe-like targets on the Crystal property in the Northwest Territ…