GOLD FUNDS (June 18, 2001)
Gold Funds as of June 7, 2001Dundee Precious MetalsCentral FundNet Value$13.55$5.14Price$9.65$5.00…
News
Staff Investment Policy (June 18, 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…
Partners search for northern gold
Windy Camp, Nunavut — North of the Arctic Circle, Miramar Mining (MAE-T) and Hope Bay Gold (HGC-T) are faced with the challenge of finding enough near-surface, high-grade ounces to justify advancing …
Seven inducted into National Mining Hall of Fame
Seven pioneers of North American mining have been welcomed into the U.S.-based National Mining Hall of Fame.Only one of the inductees, Stewart Wallace, is alive; the others will be honoured posthumous…
Chapleau options Kougarok tantalum property in Alaska
An agreement with Navigator Exploration (nvr-v) allows Chapleau Resources (CHI-V) to earn up to a 60% interest in the Kougarok tantalum property in north-central Seward Peninsula, about 112 km from No…
Poised for recovery
Natural Resources Canada has completed its annual report on trends in Canadian mineral exploration.The mineral exploration sector experiences cycles that last about 10 years. Past lows in exploration …
Canaccord hosts gold seminar
Robert Buchan, president of Kinross Gold, and Anthony Walsh of Miramar Mining will speak at a seminar on precious metals, to be held June 21 at the Toronto Board of Trade.Canaccord Capital is sponsori…
Gold paying the price of past hoarding
It was a nice two weeks, but gold faded back to US$265 per oz. as though it had never seen US$280. Gold lease rates, which went up — gasp! — half a point, are back near 2%. Nothing seems to move the…
Aylmer Lake find proves diamond-bearing
A narrow kimberlite dyke discovered during spring drilling on the Aylmer Lake West property in the Northwest Territories has yielded an encouraging number of microdiamonds.A 1.6-metre-thick interval o…
Majescor chases diamond deposits in northern Quebec
Exploration for a specific mineral will sometimes lead to the discovery of an entirely different commodity, as happened in the mid-1990s, at Voisey’s Bay, Labrador, when two prospectors found a world-…
First Quantum closes financing
Vancouver-based First Quantum Minerals (FM-T) has done what few seem able to do these days: raise millions of dollars on the market.The company issued 8.7 million shares at $4.05 apiece, for gross pro…
Anglo finances project
A unit of Anglo American (AUUK-Q) has allocated $1.1 million for ongoing work at Karmin Exploration’s (YKA-V) Aripuana massive sulphide project in Brazil’s Mato Grosso state.Previous work focused on t…