Aurelian cuts high grades in Ecuador
Zamora, Ecuador — Aurelian Resources (ARU-V) has intersected spectacularly high-grade gold values in the first hole drilled at its 100%-owned Condor project in southeastern Ecuador.The Toronto-based …
Articles by Northern Miner Staff
Rubicon expands Jaclyn’s dimensions
Midway through a drilling program at the Golden Promise project in central Newfoundland, Rubicon Minerals (RMX-T) has determined that the deposit’s Jaclyn vein zone is bigger than expected.Rubicon opt…
Editorial Cartoon (December 29, 2003)
Exchange Rates (December 29, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 22Dec. 19>Dec. 18Dec. 17US$ in C$1.33151.33971.32921.3251…
Radius tallies Tambor gold
Vancouver — An independent estimate commissioned by Radius Explorations (RDU-V) suggests that the Tambor property in Guatemala has a resource equivalent to 274,000 oz. gold.Based on a cutoff grade of…
Sabotage
The following is an excerpt from Glitter & Greed: The Secret World of the Diamond Cartel. The author, a journalist and human rights activist, has written about De Beers Consolidated Mines for roughly …
Monument Bay yields gold
Drilling by partners Bema Gold (BGO-T) and Wolfden Resources (WLF-T) has intersected two gold-mineralized shoots near the Twin Lakes West zone on the Monument Bay property, 650 km northeast of Winnipe…
Grasberg suffers second slide (December 29, 2003)
New Orleans-based Freeport-McMoRan Copper & Gold (FCX-N) has declared force majeure on deliveries of copper concentrate from the massive Grasberg copper-gold mine in Indonesia.The decision was made in…
Ghana gives nod to Newmont’s Ahafo
The Parliament of Ghana has unanimously approved a foreign investment agreement with Newmont Mining (NEM-N), paving the way for construction of the Ahafo gold project in the Brong Ahafo region.The agr…
Spot Prices Monday, Dec. 22, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$409.70+1.45Silver$5.66 +0.12Platinum$826.00-30.00…
Planet cashes up, McEwen cashes out
Vancouver — The closing of a $6-million bought-deal financing has given Goldcorp (G-T) a 13.4% equity stake in junior Planet Exploration (PXI-V).The high-grade gold miner picked up $2.5 million, or 4…
Trading Summary (December 24, 2003)
There was relatively heavy trading for a Christmas Eve, but the Toronto Stock Exchange finished a shortened trading…