Storliden enters final stretch
With its decline more than half-finished, the Storliden project is taking shape as Sweden’s newest copper-zinc mine.Situated in the Skelleftea district, the project is owned by Swedish-based North Atl…
News
Algoma unveils credit plan
Algoma Steel is expected to lay off 800-1,000 people from its workforce of 3,900.The layoffs are part of a plan of arrangement and reorganization filed under the Companies’ Creditors Arrangement Act (…
Lupin looks to longer life despite poor market
When Echo Bay Mines (ECO-T) closed the Lupin mine in Nunavut in early 1998, few were taken by surprise. After all, the remote underground operation — difficult to reach and getting deeper every year …
NovaGold hits highest grades yet at Donlin
Vancouver — California-based NovaGold Resources (NRI-T) continues to pull high-grade intercepts from the Acma zone of the Donlin Creek deposit in Alaska.Situated 480 km west of Anchorage, Donlin Cree…
Newmont banks on strong second half (November 05, 2001)
Vancouver — North America’s largest gold producer has tabled a solid third-quarter profit on the back of improved sales and a strong contribution from its Batu Hijau copper-gold mine in Indonesia.New…
Getchell drags down Placer (November 05, 2001)
Vancouver — A US$292-million writedown on the Getchell mine, near Winnemucca, Nev., pushed North America’s fourth-largest gold miner deep into the red during the third quarter.The one-time charge cau…
Geita powers Ashanti
Ghana-based Ashanti Goldfields (ASL-N) saw its profits nearly double during the third quarter, thanks in part to increased production at its 50%-owned Geita mine in Tanzania.Earnings totalled US$14.5 …
LME Warehouse Levels (November 05, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 30/01 (change from Oct. 23 in brackets):Metalstock (tonnes)ChangeAluminium700175…
Kikerk find yields stones
A kimberlite discovery at the Kikerk Lake property in the north Slave Craton region of Nunavut has returned a significant number of microdiamonds.Ashton Mining of Canada (ACA-T) unearthed the Potentil…
Gold Funds (November 05, 2001)
Gold Funds as of October 25, 2001Dundee Precious MetalsCentral FundNet Value$13.23$5.35Price$9.05$5.49…
The Northern Miner – Small Producers Index (November 05, 2001)
45.83 (+0.44)(Sept. 30/98 = 100)…
The Northern Miner – North American Mining Index (November 05, 2001)
66.45 (+1.74)(Sept. 30/98 = 100)…