Trading Summary (February 09, 2004)
Toronto’s gold sector led a market-wide advance on Friday jumping 8.45 points, or more than 4%, to end at 214.78. T…
Articles by Northern Miner Staff
Jericho gets local thumbs up
The Environmental Impact Statement for the Jericho diamond deposit in Nunavut has won conditional approval from the…
Partners dig into Crater Mountain
The Nevera prospect has returned the best ever results form the 44-sq.-km Crater Mountain property in the Eastern H…
Apac confirms grades at Beiyinhar
Surface sampling by Apac Minerals (APC-V) has confirmed previously encountered high-grade gold values at the Beiyin…
Kwale support reaffirmed
Shares in Tiomin Resources shot up 4.5, or nearly 14%, to 37.5 in early-afternoon trading in Toronto on Feb. 9, a…
Chile tops for mining investment
For the second straight year, Chile has been selected as the most attractive region in the world for mining investment in a survey of companies conducted by the Fraser Institute.Executives from compan…
Barrick reworks Highland deal (February 09, 2004)
Barrick Gold (ABX-T) has decided to take a smaller stake in Russian-based Highland Gold Mining than previously planned, preferring instead to invest directly in mines in the world’s largest country.Ba…
LME Warehouse Levels (February 09, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 3 (change from Jan. 26 in brackets):MetalStock(tonnes)ChangeAluminium1442150(-98…
Apex raises US$161m
The report period Jan. 28-Feb. 3 may have been more remarkable for what didn’t happen than for what did. Reaction to the U.S. Federal Reserve’s Open Market Committee dominated the U.S. equity markets …
Nevsun tests Bisha
Although best known for its Tabakoto-Segala gold projects in the Kenieba district of Mali, Nevsun Resources (NSU-T) has launched a major drill program to advance a promising, high-grade gold and base …
Cumberland expands Meadowbank (February 09, 2004)
Convinced that the Meadowbank gold deposit is rich enough to support an open-pit mine and mill in the High Arctic region of Nunavut, Cumberland Resources (CBD-T) is advancing the project through the f…
The markets stand corrected
The shock in the bullion markets at the end of January left some people wondering if the long-awaited gold bull had met a sudden end.What caused the US$10 drop was an announcement from the Federal Ope…