FPO Hemlo seen as ripe for consolidation
The much-anticipated consolidation that’s shaking up the gold industry is capturing the attention of investors and mining executives alike. Although most of the attention is focused on activities at t…
Articles by Northern Miner Staff
Producer and Dealer Prices (March 11, 2002)
Antimony: Mid-mkt US$1,125/t.Bismuth: Mid-mkt US$3.20/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.60-7.00/lb.Copper: Comex May US$0.7405/lb.Indium: Indi…
FPO Pacific Rim, Dayton propose merger
In what has been described as a “win-win situation” by both parties, Pacific Rim Mining (PFG-T) and Dayton Mining (DAY-T) are proposing a merger. Management of Pacific Rim likes the high-grade potenti…
New sulphide prospect at Aripuana
Drilling by Anglo American (AAUK-Q) to test an electromagnetic conductor on the Aripuana property in northern Mato Grosso state, Brazil, has intersected sulphide mineralization along strike from two z…
LEH outlines Geordie
Junior L.E.H. Ventures (LEH-V) has outlined a low-grade polymetallic resource at its Geordie Lake property in the Thunder Bay region of northern Ontario.Indicated resources ring in at 24.4 million ton…
TSE Short Positions (March 11, 2002)
Short positions outstanding at February 28, 2002Larger individual positions include Agnico-Eagle 3,511,200 up 1,144,049; Alcan Inc. 1,284078 down 127696; Appalaches Res. 140456 up 140,456;…
Johnson Matthey buys asset
Johnson Matthey has acquired Avocado Research Chemicals, a manufacturer and supplier of organic compounds used in laboratory research.Based in Heysham, Lancashire, U.K., Avocado is a reputed supplier …
Glamis looks to Francisco for growth
Two years of discussions have culminated in the proposed merger of Glamis Gold (GLG-T) and Francisco Gold (FGX-V), with Glamis President Kevin McArthur predicting that the new entity will rank as the …
Ivanhoe finds gold-rich copper zone at Turquoise Hill
Encouraged by the potential of the Turquoise Hill copper-gold project in southern Mongolia, Ivanhoe Mines (IVN-T) has assigned three drill rigs to the Central Oyu zone, where it recently cut a signifi…
Daily Metal Prices (March 11, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMarch 5March 4March 1Feb. 28Feb. 27Aluminium1403/14…
Blow to TVX in Greece casts pall over market
The final day of the Feb. 27-March 5 report period saw the Bank of England dump another 643,200 oz. gold on the open market. The bank’s latest auction fetched US$296.50 for every ounce sold and was 3….
Shear takes break in Alberta
Vancouver — Shear Minerals (SRM-V) has halted its Birch Mountain diamond exploration program in Alberta owing to the removal of winter road systems (for oil and gas companies) and a warming weather t…