News
Staff Investment Policy (October 29, 2001)
The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public off…
PEOPLE (October 29, 2001)
Alcan — Clarence Chandran and Brian Levitt appointed directors.Cream Minerals — Ferdinand Holcapek appointed director.Diamondex — James Eccott appointed director.Idaho Cons…
National deals Salamandra
Vancouver — Juniors National Gold (NGT-V) and Alamos Minerals (AAS-V) have entered into a joint-venture agreement regarding the Salamandra property in Mexico’s Sonora state.Alamos can earn a half-int…
Semafo tables Wona resource evaluation (October 29, 2001)
Montreal-based Semafo (SMF-T) has estimated indicated resources at the newly discovered Wona zone on the Mana gold property in Burkina Faso, West Africa, at 3.5 million tonnes grading 2.38 grams gold …
Grade up at Dolores
Vancouver — Re-analysis of low-to-mid-grade core samples from the Dolores project in Mexico has increased silver values by 36.3% for owner Minefinders (MFL-T).The improvements are based on “total dig…
GREATEST VALUE TRADED, OCTOBER 17-23
ExchgVal($000s)HighLowCloseChangeAlcoa*N48713134.2331.3033.75+0.94…
Cut in Bank of Canada rate falls on deaf ears
Hoping to boost investor confidence, the Bank of Canada shed 75 basis points from its key lending rate on Oct. 23, bringing it to a 40-year low. But so far, the decision appears to have backfired: the…
Manhattan in talks over Tambo Grande
Vancouver — Manhattan Minerals (MAN-T) is meeting with Peruvian government officials in a move aimed at advancing the Tambo Grande massive sulphide project.The meetings, which include Mines Minister …
Noranda slips into the red
The ongoing slump in metal prices pushed Noranda (NRD-T) $60 million into the red during the third quarter as revenue slipped to $1.46 billion.The loss, which translates into 27 per share, compares w…
Base metal consumption falls
The extent to which the world has changed since the events of Sept. 11 was made more clear when the base metals industry gathered for LME Week (Oct. 22-26), a major event in the metals calendar year. …
CDNX mining index leads way
Vancouver — Except for technology, Canada’s junior exchange posted gains on all sub-indices during the report period ended Oct. 23. The Canadian Venture Exchange closed the week up 45.69 points, or 1…