Russians blindside Pan American Silver
A month-old Russian company that describes itself as a machinery and aircraft builder has succeeded in its US$12-million bid for surface assets at the huge Dukat silver mine in Eastern Russia.The succ…
Articles by Northern Miner Staff
Inca Pacific hits hot hole at Magistral
Vancouver — The last five holes of an 8-hole drill program on the Magistral copper skarn property in north-central Peru have intersected significant copper mineralization for partners Inca Pacific Re…
Cambior inks restructuring agreement with lenders
Beleaguered Cambior (CBJ-T) has finally signed a definitive restructuring agreement with its lenders and hedge providers.The deal brings to a close a 3-month standstill period initiated after the gold…
PEOPLE (January 10, 2000)
Diamond Fields — Frank Waldron appointed director.Meteor — Fred Fabro appointed director.Minco — William Meyer appointed director.Miramar — Robert McCallum and L…
Dow ends year on high note
The Dow Jones industrial average ended the report period of Dec. 29-31, and the year, at a new high of 11,497.12 points. However, the average plummeted nearly 360 points in early trading in January, w…
Metal Prices sink as new year begins
When the world failed to come to a screeching halt on Jan. 1, 2000, investors came out of their bunkers and dumped on gold, driving down the yellow metal by US$8.55 over the report period to US$282.10…
CDNX posts gain over end-of-year period
The Canadian Venture Exchange started off the new year unaffected by widespread selling that dampened the holiday spirits of the major markets. As a result, the CDNX index gained 118.94 points over th…
GREATEST VALUE TRADED, 1999
Value($000s)HighLowCloseAlcoa*N 18430831 83.38 5…
METAL PRICES (January 10, 2000)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateJan. 4Jan. 3Dec. 31Dec. 30Dec…
Ashton finances drilling
Diamond-hunter Ashton Mining of Canada (ACA-T) has closed a $1.3-million private placement, with proceeds targeted for winter drilling in Alberta, the Northwest Territories and Nunavut.The financing c…
Barrick, Rio Narcea to JV ground
Barrick Gold (ABX-T) has gained a foothold in the gold districts of northwestern Spain following a joint-venture agreement with regional gold producer Rio Narcea Gold Mines (RNG-T).The agreement, whic…
Diamond sector enters 2000 on bullish note ( Part 2)
Kennady LakeLast winter, Monopros, the Canadian exploration arm of De Beers, collected bulk drill samples from a cluster of four pipes at Kennady Lake in the Northwest Territories (5034, Hearne, Tuzo …