Royal secures US$10m
Denver — Royal Gold (RGLD-Q) has reached an agreement with HSBC Bank USA for US$10 million in financing. The funds will be used to acquire royalty assets.The financing will be secured by a mortgage o…
Articles by Northern Miner Staff
Porcupine Reef posts banner year
For Porcupine Reef Gold Mines, 1950 was not just a good year; it was its best year ever.The mine owes much of its success to the recovery of higher-grade ore during the past 12 months. Porcupine avera…
Deregulation would boost Chinese gold consumption
Gold consumption in China could triple if deregulation is approved, according to a research report commissioned by the London-based World Gold Council (WGC).The report, titled China’s Gold Market Refo…
Gold stages comeback, palladium touches new high
In another strong display of staying power, gold jumped US$4.50 over the holiday-shortened Dec. 20-26 report period, adding to a 25 gain in the previous week. The yellow metal, which was fixed at US$…
Spot Prices Wed. December 27, 2000Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$274.70+$4.50Silver$ 4.63+$0.02Platinum$610.00+$7.00Palladium$972.00+$39.00Base MetalsPrice (US$/lb)ChangeNickel$ 3.23 $0.00Lead$ 0.22+0…
Leadville options Mexican gold deposit
Denver — Junior Leadville Mining & Milling (LMMI-O) has signed a letter of intent to acquire the El Chanate gold property in Sonora state, Mexico, from a subsidiary of AngloGold (AU-N).The junior has…
Cambior converts loan to shares
Jipangu, a private Japanese investment company oriented toward the gold sector, has agreed to subscribe to a private placement of 15 million common shares of Cambior (CBJ-T) priced at US42 each, or U…
Group saves historic core samples from McIntyre
The mine buildings belonging to the now-defunct McIntyre gold mine, near Timmins, Ont., which produced 10.8 million oz. of gold over its 76-year life, will succumb to the wrecker’s ball over the next …
TSE Short Positions (January 01, 2001)
Short positions outstanding at December 15, 2000Abitibi-Consolidated Inc. 230,159 up 149,243; Alcan Aluminium Ltd. 295,734 up 206,780; Ameridian Ventures Inc. 100,500 up 100,500; An…
Harmony Gold expands with two deals
Denver — When Harmony Gold Mining (HGMCY-Q) says it grows through acquisition, it is not a statement to be taken lightly. In the past five years, the company has made 14 such deals, and now it intend…
Emily Ann to go ahead
Australian-listed LionOre Nickel, a 75%-owned subsidiary of LionOre Mining International (LIM-T), says it will develop its wholly owned Emily Ann nickel sulphide project when it has completed formal d…
DRC letter unofficial: president
This letter is in regard to the letter to the editor titled “DRC insists Afton economic” (T.N.M., Dec. 4/00). The letter was submitted by Steven Lightburn [advisor to DRC] as his personal opinion of t…