UK auction ushers in summer doldrums for gold
The decidedly lacklustre response to the Bank of England’s latest auction may have set the tone for gold prices for the rest of the summer.On July 12, the bank sold 804,000 oz. gold at US$279.50 per o…
Articles by Northern Miner Staff
Gold down before UK auction
The Dow Jones industrial average climbed 166.52 points, or 1.6%, to 10,727.19 during the report period July 5-11.Gold was off at US$282.20 per oz. on the Comex division of the New York Mercantile Exch…
CDNX sings summertime blues
Canada’s junior exchange lost ground over the report period ended July 11, with all indices lingering in negative territory. The Canadian Venture Exchange index dropped 99.38 points, or 2.8%, and clos…
MEETINGS (July 17, 2000)
July 19 Coral Gold — annual, general; 11 a.m., Ste. 400, 455 Granville, St., Vancouver.July 19 Mano River — annual, general; 10 a.m., 1055 Dunsmuir St., Vancouver.July 19 Telkwa Gold –…
Metal Prices (July 17, 2000)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)Aluminium1569/15931541/15671543/1568…
Winspear fights De Beers takeover
In the face of an unsolicited takeover offer from De Beers Consolidated Mines (DBRSY-Q) that it deems “hostile, opportunistic and undervalued,” Winspear Diamonds (WSP-T) has initiated a program design…
Expatriate finances projects in Finlayson Lake district
Having found a way to remove the selenium contaminant that plagues the Wolverine polymetallic deposit in the southeastern Yukon, Expatriate Resources (EXR-V) now faces the more pressing task of arrang…
Spot Prices Wed. July 12, 2000Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$282.85-$4.85Silver$ 4.95-$0.04…
IPMI honours Heraeus
German metals fabricator Jrgen Heraeus has won a distinguished achievement award from the International Precious Metals Institute for his work in platinum group metals.His company, W.C. Heraeus (name…
Big blast brings more prosperity to Flin Flon
A recent “big blast,” marking the development of one the largest mining projects in Canada, has ushered in a new era for a camp that got its start 85 years ago.In 1915, Tom Creighton (1874-1949) and f…
Red Lake hosts Morrisseau exhibit
The Red Lake Museum in northwestern Ontario is hosting an exhibit of the works of Norval Morrisseau, a self-taught artist of Ojibwa ancenstry.The exhibit, called “Norval Morrisseau: The Red Lake Years…
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