Partners ready Mistassini drill targets
Partners ready Mistassini drill targets Partners Canabrava Diamond (CNB-V) and Majescor Resources (MAJ-V) have…
Articles by Northern Miner Staff
Stillwater weathers charge
Montana-based platinum producer Stillwater Mining (SWC-N) finished 2001 off with net income of US$65.8 million desp…
Producer and Dealer Prices (February 11, 2002)
Antimony: Mid-mkt US$1,125/t.Bismuth: Mid-mkt US$3.25/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.95-7.40/lb.Copper: Comex Mar. US$0.7325/lb.
Producers rise as gold nears US$300-per-oz. level
Gold staged a strong comeback over the Jan. 30-Feb. 5 report period, rising $16.50 in London markets to finish at US$297.45 per oz. on the morning of Feb. 6.Canada’s major producers also rose with the…
Little change in US markets
Both major U.S. market indices were little-changed over the report period Jan. 30-Feb. 5, with the Dow Jones industrial average closing 67.19 points higher at 9,685.43, and the Standard & Poor’s 500 f…
Black Hawk to buy out Limon royalty
Black Hawk Mining (BHK-T) has made arrangements to buy out a 2% royalty on the El Limon gold mine in Nicaragua for $1.25 million. The deal, with royalty-holder Repadre Capital (RPD-T), will see Black …
World Bank to aid Konkola
The World Bank and the Zambian government are floating a proposal that could keep the Konkola copper mines from sinking. The plan would see funds earmarked for other Zambian development programs funne…
Wildara gives LionOre something to roar about
A newly discovered high-grade sulphide zone at the Wildara property in Western Australia has partners LionOre Mining International (LIM-T) and Australian-listed Dalrymple Resources hopping with deligh…
Drills turn at McCuaig (February 11, 2002)
Vancouver — Rubicon Minerals (RMX-V) has kicked off a 3,050-metre drill program on the McCuaig gold project in Red Lake, Ont.The company is targeting a gold-bearing structural zone discovered last ye…
Gold Fields’ earnings nearly triple (February 11, 2002)
Reflecting a weakened South African rand and a month’s production from the recently acquired St Ives and Agnew mines in Western Australia, Gold Fields (GOLD-Q) has reported record earnings of US$67 mi…
Brett licence approved
The government of El Salvador has issued an exploration licence covering the El Potosi gold mine to Vancouver-based Brett Resources (BRN-V). The new licence was issued in conformance with a new Mining…
Lending Rates (February 11, 2002)
as of 4 pm ET, Feb. 5, 2002 (%)Bank of Canada2.25Canadian Prime3.75U.S. Discount1.25U.S. Prime4.75…