News
Base metals tumble, gold stagnant
As expected, base metals fell sharply during the period Dec. 3-7. Moreover, after breaking through key technical levels and closing poorly at the end of the week, further declines look probable in the…
The Northern Miner — North American Mining Index (December 17, 2001)
66.19 (-0.69)(Sept. 30/98 = 100)…
Gold Funds (December 17, 2001)
Gold Funds as of December 6, 2001Dundee Precious MetalsCentral FundNet Value$12.93$5.31Price$9.15$5.25…
Lending Rates (December 17, 2001)
as of 4 pm Dec. 11, 2001 (%)Bank of Canada2.50Canadian Prime4.00U.S. Discount1.25U.S. Prime5.00LIBOR 3-month1.90LIBOR 6-month1.93LIBOR 1-year2.36Gold lease 3m0.9131Gold lease 1yr1.4087-…
The Northern Miner — Small Producers Index (December 17, 2001)
45.37 (-0.92)(Sept. 30/98 = 100)…
Newmont trumps bid by AngloGold
The takeover battle for Normandy Mining (NDY-T) has entered a new round, with Newmont Mining (NEM-N) countering AngloGold’s (AU-N) latest bid by offering twice as much cash.Newmont is now of…
Aur gets Duck Pond base metal project
In a deal valued at $6 million, Aur Resources (AUR-T) is taking over the Duck Pond base metal project in Newfoundland from partners Thundermin Resources (THR-T) and Queenston Mining (QMI-T).
Wallbridge adds to Sudbury stable (December 17, 2001)
Having acquired a licence to explore 8.4 sq. km of land near Windy Lake, northwest of Sudbury, Ont., Wallbridge Mining (WM-T) plans to spend $2.3 million on exploration this winter.The renewable licen…
Aurora Platinum options Anglier property (December 17, 2001)
Vancouver — Junior Aurora Platinum (ARP-V) has acquired Paramount Ventures & Finance’s (PVF-V) remaining interest in the Anglier platinum-palladium property in Quebec.The 16-sq.-km Anglier property i…
Partners eye Coronation
Northern Abitibi Mining (NAI-V) and Tyler Resources (TYS-V) have inked a deal to acquire a joint 65% interest a 460-sq.-km diamond prospect in the Coronation Gulf district of Nunavut.Under the agreeme…
Tahera pulls more stones from Anuri East
More diamonds are reported for the Rockinghorse property in Nunavut, following caustic fusion analysis of 51.4 kg of drill core from the Anuri East kimberlite.In all, Tahera (TAH-T) recovered 50 micro…