Trading Summary (September 24, 2001)
The U.S. markets finally bounced on Monday and finished in positive territory after an abysmal week last week. The…
Articles by Northern Miner Staff
Antamina alters revenue forecast
Vancouver — Some two months after shipping its first load of concentrate, the massive Antamina copper-zinc mine in north-central Peru has cut its sales forecast for next year in response to falling m…
Aurora Platinum, Platinova print new shares
Recent insider-trading transactions reported by the Ontario Securities Commission in its OSC Bulletin include the following:- Agnico-Eagle Mines (AGE-T) — FMR Corp., which must report its trading act…
Mining sculpture erected in Sudbury
The Sudbury Mining Heritage Sculpture, celebrating the city’s mining history, has been erected in Bell Park.The sculpture was unveiled in mid-September after several years in the planning stage.The pr…
Falco, De Beers study Gope
Having bought some time by securing a 3-year retention licence for the Gope diamond project in the central Kalahari district of Botswana, equal joint-venture partners Falconbridge (FL-T) and De Beers …
Canada’s diamond industry reaches 10-year milestone
Diamonds were a respectable exploration target in Canada in the 1960s and 1970s when De Beers and several major companies launched highly secretive programs aimed at finding kimberlites similar to tho…
Formation Capital buys Sunshine refinery
Denver — Formation Capital (FCO-T) has acquired an option to buy a silver refinery, antimony plant and tailings pond at the Sunshine mine, near Kellogg, Idaho.The purchase price is US$2.3 million, th…
Inca Pacific pushes Magistral to prefeasibility
Vancouver — Inca Pacific Resources (IP-V) intends to advance the Magistral copper porphyry-skarn project in Peru to the prefeasiblity stage, despite having received only mixed results from the final …
Bema’s Julietta proves an early bloomer
Vancouver-based Bema Gold (BGO-T) is putting the finishing touches on its 79%-owned high-grade Julietta gold-silver underground mine some two months ahead of schedule, The mine is in the Magadan regio…
FPO Production from Snap Lake project delayed until 2006
A depressed rough diamond market has given De Beers cause to push back production from the Snap Lake underground diamond project in Canada’s Far North until 2006, more than a year longer than was orig…
Northgate pulls hot holes near Kemess
Vancouver — Northgate Exploration (NGX-T) has cut some impressive gold and copper grades at the Kemess North project in north-central British Columbia. The deposit is about 5 km north of the producin…
Goldfields, Delta to merge
Vancouver — Goldfields and fellow Australian gold miner Delta Gold have inked a merger deal that will catapult the new company to the million-ounce-per-year level. The merged entity will rank as one …