Meadowbank “surprise” fells Cumberland
Shares in Cumberland Resources (CLG-T) shed another 25% on Monday, after the Vancouver-based miner said that…
Articles by Northern Miner Staff
Grand Central climbs on gold discovery (March 22, 2004)
Shares of Grand Central Silver Mines (GSLM-PK) have doubled, tripled and quadrupled in recent months, follow…
Platinum surges while palladium finds support
Platinum has already surged this year, reaching levels not seen since 1980. Indeed, platinum has been the only real challenger to nickel for the title of “star metal,” which is fitting given it’s the …
Land-use deal Down Under
A ground-breaking A$38-million land-use agreement between Aussie mining giant Hamersley Iron and the Eastern Guruma indigenous people of Western Australia’s Pilbara region has been signed after six ye…
Spot Prices Tuesday, March 16, 2004 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$399.60-1.60Silver$7.16 +0.24Platinum$900.00+5.00…
LME Warehouse Levels (March 22, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 16 (change from March 9 in brackets):MetalStock(tonnes)ChangeAluminium1330300(-…
Mexgold closes deal for El Cubo
Using the proceeds from a $45-million private placement, Mexgold Resources (MGR-V) has acquired the El Cubo gold-silver mine in Mexico’s Guanajuato state.The Nova Scotia-based company paid US$13.5 mil…
Cameco’s Boroo on-stream
Cameco’s (CCO-T) 53.2%-owned Boroo gold mine, 110 km northwest of Ulaanbaatar in Mongolia, has started commercial production.The open-pit operation is owned and operated by Boroo Gold, an indirect sub…
Eldorado writes down Sao Bento
Vancouver-based Eldorado Gold (ELD-T) posted a net loss of US$45 million for 2003, largely because of a US$39.5-million writedown of the value of the Sao Bento gold mine in Brazil. By comparison, the …
NAP nearly doubles production (March 22, 2004)
With the new primary crusher at its Lac des les mine, near Thunder Bay, Ont., fully operational, North American Palladium (PDL-T) enjoyed a profitable fourth quarter.During the three months ended Dec…
StrataGold to drill Hyland
A $700,000 drilling program is planned for the “Carlin-type” gold project known as Hyland, 70 km northeast of Watson Lake, Y.T.Owner StrataGold (SGV-V) will perform the drillling, which is to be funde…
Happier prospects
We’ve mentioned before in this space that the annual convention of the Prospectors and Developers Association of Canada is the best place to judge the mood of the mineral exploration business, but not…