Hope Bay raises funds
Hope Bay Gold (HGC-T) has raised $5 million in a private placement with Dundee Precious Metals (DPM-T).Dundee, a closed-end investment company focused on precious metals, purchased 10 million units at…
Articles by Northern Miner Staff
River Gold slips deeper into red in latest quarter
Higher fuel and mining costs contributed to a quarterly loss for River Gold Mines (RIV-T).Losses in the three months ended Sept. 30 totalled $1.1 million (or 2 per share) on revenue of $8.4 million, …
Orezone expands in West Africa
Junior Orezone Resources (ORZ-T) will explore the Ghanaian gold properties of Australian-based Dominion Mining.Orezone can earn a half-interest in the properties by spending US$2.5 million over four y…
Aurora triumphs in flat western market
Vancouver — The Canadian Venture Exchange composite index remained flat over the report period ended Dec. 12, gaining just 9.5 points, or 0.3%, to finish at 2,912.89. The mining index rose 99.84 poin…
Correction (December 18, 2000)
In our Dec. 4-10 issue, we incorrectly stated that Niocan (NIO-T) has a right of first refusal on Teck’s (TEK-T) option to acquire a 25% interest in Niocan’s (NIO-T) Oka niobium project in Queb…
Miners shine despite shaky gold
Denver — The Dow Jones industrial average posted three days of modest gains to finish the Dec. 6-12 report period on a positive note at 10,768.27, though the index was still off 130.45 points, or 1.2…
Palladium sets record, takes NAP along for ride
The big news of the Dec. 6-12 report period was the surge in palladium prices. The metal, once again benefiting from uncertain Russian supplies, climbed $80 to a London record of US$935 per oz. on the…
Dayton to close Andacollo mine
Slumping gold prices and low production have forced Dayton Mining (DAY-T) to shut down the Andacollo mine in central Chile. The operation is held by Compania Minera Dayton, a wholly owned subsidiary.M…
Teck to drill Argentine prospects
A first round of drilling on the Rio Grande joint-venture property in northwestern Argentina is to begin early in the new year.Teck (TEK-T), the operator, can earn an initial 55% interest in the prope…
Semafo active on four fronts in West Africa
Following a break during the rainy season, Montreal-based Semafo (SMF-T) has begun exploring for minerals in four West African countries.In Niger, on the Samira-Libiri properties, the company is engag…
METAL PRICES (December 18, 2000)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)Dec. 12Dec. 11Dec. 8 Dec. 7Dec. 6…
Northern Miner Indices (December 18, 2000)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T20.6ComincoCLT-T4.0…