Low prices hit Placer Dome
The harsh realities of operating gold mines in a stagnant low-price environment have forced Placer Dome (PDG-T) to write down the value of certain assets and reduce reserves and resources at various e…
Articles by Northern Miner Staff
CDNX continues bull run (January 29, 2001)
Canada’s junior exchange ended the Jan. 17-23 period on an up-note, with all indices posting gains. The Canadian Venture Exchange composite index tacked on 78.1 points, or 2.5%, and closed the period …
LME Warehouse Levels (January 22, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 16/01 (change from Jan. 9 in brackets):MetalStock (tonnes)ChangeAluminium351725(…
EXCHANGE RATES (January 22, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)b>DateJan. 16Jan. 15Jan. 12Jan. 11Jan. 10US$ in C$…
Cambior streamlines debt load
After more than a year of twists and turns, Cambior (CBJ-T) has finally completed an extensive restructuring, shedding most of its non-gold assets and streamlining its debt load and hedge book.The res…
Freewest, Sparton persevere at Folson Lake PGM property
Partners Freewest Resources (FWR-M) and Sparton Resources (YSP-V) will begin another round of drilling at their Folson Lake platinum group metals (PGM) property, near Sudbury, Ont.Folson Lake covers 3…
Anaconda exercises Magistral option
Vancouver — Having completed an internal scoping study of Inca Pacific Resources’ (IP-V) Magistral porphyry-skarn project in northern Peru, Anaconda Peru is continuing its exploration effort.As part …
Ventersdorp study under way
In preparation for their proposed merger, Etruscan Resources (EET-T) and Mountain Lake Resources (MOA-V) have initiated a prefeasibility study at the latter’s Ventersdorp diamond project in South Afri…
Rubicon still hopeful at Lewis Lake
Vancouver — Despite disappointing results from a 13-hole drilling phase, Rubicon Minerals (RMX-T) intends to persevere at its Lewis Lake base metal property in north-central NewfoundlandThe 2,534-met…
Alcan’s Bougie bushed, packs it in
Jacques Bougie, president and chief executive officer of Alcan Aluminium (AL-T) for the past seven years, has abruptly resigned, citing a desire to step off “the treadmill.”The surprise announcement c…
Nuinsco to drill Bucko
A flow-through financing for $400,000 will bankroll a drilling program by Nuinsco Resources (NWI-T) at the Bucko property near Wabowden, Man.Nuinsco is to drill an electromagnetic anomaly located by a…
Newmont funds Zarafshan expansion
Denver — Having inked a US$30-million financing agreement with the European Bank for Reconstruction and Development, Newmont Mining (NEM-N) is expanding the Zarafshan joint venture in Uzbekistan.Sinc…