Barrick defers Pascua-Lama
Citing the poor gold and silver market, Barrick Gold (ABX-T) has further delayed the start of construction at its Pascua-Lama project, on the border between Chile and Argentina.Work at Pascua, origina…
Articles by Northern Miner Staff
Australia’s Ranger invests in General Minerals
Denver — The Australia-based company Ranger Minerals has purchased 4.5 million shares of General Minerals (GNM-T) in a non-brokereed private placement. The transaction is designed to finance explorat…
Gold needs more marketing
Most gold miners have succeeded in cutting production costs as a result of lower gold prices but appear to have ignored the real problem: increasing the demand for gold.We now hear and see commercials…
Market rally lifts base metal majors
Triggered by hints of lower interest rates and an end to the election quagmire in the U.S., stocks on the Toronto market enjoyed a broad rally, with the TSE 300 index up a whopping 4% over the Nov. 29…
Canadian Stock Exchange indices
DateDec. 5Dec. 4Dec. 1Nov. 30Nov. 29HighLowTSE 3009279.048944.70…
MOST ACTIVE ISSUES, NOV. 29-DEC. 5
ExchgVol(000s)HighLowCloseChangeWilliam ResT 23722 0.07 0.04 0.04 -0.03…
Minefinders bullish on Dolores’ potential
Vancouver — An open-pit design of Minefinders’ (MFL-T) wholly owned Dolores property, in northern Mexico, shows that the Main deposit has robust economics.Based on prices of US$300 per oz. gold and U…
CDNX continues to lose ground
Canada’s junior exchange continued its downward spiral during the report period ended Dec. 5, with the tech index leading the way. The Canadian Venture Exchange composite index dropped 74.42 points, o…
Lupin contributes to third-quarter profit
Denver — Echo Bay Mines (ECO-X) has posted a third-quarter profit on the strength of a 44% increase in gold production.The company cranked out 184,449 oz. in the three months ended Sept. 30, up from …
GREATEST VALUE TRADED, NOV. 29-DEC. 5 (December 11, 2000)
ExchgVal($000s)HighLowCloseChangeAlcoa*N 636829 31.56 27.06 31.50 +3.69…
High Grade zone extends deeper (December 11, 2000)
Exploration drilling at the Red Lake gold mine in northern Ontario has extended the Hanging Wall 5 zone at depth. The zone is one of several comprising the producing High Grade deposit.Goldcorp (G-T) …
Nelson posts loss
Despite cost improvements at its Jilau gold mine, in Tajikistan, Nelson Resources (NLG-T) posted a loss for the first three quarters of 2000.The company lost US$400,000 in the quarter ended Sept. 30, …