Miners mixed despite gold’s rise
The Dow Jones industrial average rose to a new high above 11,700 points during the report period ended Jan. 18, only to fall back to 11,560.72, a gain of only 49.64 points, or 0.4%.Spot gold on the Co…
Articles by Northern Miner Staff
PRODUCER AND DEALER PRICES (January 24, 2000)
Antimony: Mid-mkt US$1,200/t.Bismuth: Mid-mkt US$4.05/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$13.70-15.60/lb.Copper: Comex Mar. US$0.866/lb.Indium: In…
Campbell’s production bounces back
The fortunes of Campbell Resources (CCH-T) are set to turn as production resumes at its two gold mines. Two new pits are operating at the Santa Gertrudis mine in Sonora state, Mexico, and a developmen…
Canyon gets nod at Briggs
An amended operating permit will allow Canyon Resources (CAU-X) to begin mining at North Briggs and Goldtooth, two satellite deposits to the Briggs gold mine in southeastern California.The approval fo…
The Northern Miner — Small Producers Index (January 24, 2000)
60.97 (-2.67)(Sept. 30/98 = 100)…
Aur, Cambior active as junior pounces on sickly major
The big story over the Jan. 12-18 report period was the launch by Aur Resources of a hostile takeover bid for Cambior, the Montreal-based gold miner that was crippled last autumn by its own hedging pr…
SPOT PRICES, Wed. January 19, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$288.75+$6.50Silver$ 5.10-$0.05…
PEOPLE (January 24, 2000)
Gold Canyon — Dr. Wayne Ewert, appointed geological advisor.Nord Pacific — John Griffith, Jr., appointed acting CFO.Foran — Gorden Glenn appointed president, CEO and director.
Pulling up stakes
A few decades ago, I was summoned to the manager’s office of the German company for which I was working and told to stake a large property north of Saint John, N.B. “Be very diplomatic on this project…
Get rich quick . . .without making money
The mining industry has been a whipping boy for environmentalists and anti-mining organizations for the past decade, but a recent column titled “They get the gold, we get the shaft,” in The National P…
Mustang pulls more PGEs from East Bull Lake
Junior Mustang Minerals (MMIN-C) has sunk another eight holes at its East Bull Lake platinum group metals property, 80 km west of Sudbury, Ont.This brings to 16 the number of holes drilled to date, wi…
Minera Andes aims drills at Cerro Saavedra property
The new year is proving to be a busy one for Minera Andes (MAI-V), as it prepares to launch not one but two drilling programs at its Cerro Saavedra silver-gold property in the Patagonia region of sout…