Gold stocks buoyed by rising bullion price
U.S. markets were little-changed over the report period Dec. 11-18, with the Dow Jones Industrial Average up 110.02 points (just over 1% of value) to a close of 9,998.39 on Dec. 18. The Standard & Poo…
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Spot Prices Wed. December 19, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$278.90+$5.65Silver$ 4.49+$0.20Platinum$456.00-$…
Poplar confirms grades at Central zone (December 24, 2001)
Vancouver — Poplar Resources (PPX-V) has hit multiple intervals of low-grade copper-platinum-palladium-gold mineralization at the Bottenbacken project in central Sweden.Encouraged by 1980 drill resul…
Stillwater revises facility
Vancouver — Armed with a revised operating plan, North America’s largest producer of platinum and palladium has renegotiated its US$250-million credit facility.Stillwater Mining (SWC-N), which has al…
Blackstone gains Ursus diamond property
Vancouver — Blackstone Ventures (BLV-V) has inked a deal with the numbered company 4763 NWT to acquire the Ursus diamond property in the Coronation Gulf area of Nunavut.The 46-sq.-km property is 45 k…
Algoma workers to vote on new deal
Almost 4,000 union members at Algoma Steel in Sault Ste. Marie, Ont., were expected to vote on Dec. 21 on a 32-month contract that would avoid layoffs and protect pensions yet reduce wages by an avera…
Too much red tape
With reference to your editorial “Penny Wise, pound foolish” (T.N.M., Dec. 3-9/01), I imagine our government might cite the decline in mineral exploration in British Columbia during recent years as an…
Noranda-Virginia JV targets Quebec
Virginia Gold Mines (VIA-T) and Noranda (NRD-T) have signed an agreement to conduct geoscientific work in the north of Quebec.The deal saw Noranda subscribe to a private placement of 333,333 shares of…
The Northern Miner — Small Producers Index (December 24, 2001)
46.21 (+0.84)(Sept. 30/98 = 100)…
The Northern Miner — North American Mining Index (December 24, 2001)
69.28 (+3.09)(Sept. 30/98 = 100)…
Anglo ups stake in Boyongan
Vancouver — Saddled with a US$14-million debt on its soon-to-be- closed Bulawan mine, Philex Gold (PGI-V) has inked a deal to sell a 10% equity stake in the promising Boyongan copper-gold project and…
Goldcorp finds more Red Lake nuggets
Goldcorp (G-T) has turned up more jewelry-box grades at the Red Lake mine in northwestern Ontario.Deep hole 860DW cut 4.9 metres grading an impressive 474 grams gold per tonne. The exploratory hole wa…