Sherritt to convert shares
Nickel producer and coal holding company Sherritt International (S-T) has arranged to convert the multiple-voting shares held by its chairman, Ian Delaney, into restricted voting shares of the class t…
Articles by Northern Miner Staff
Drilling cuts more bonanza grades in D zone
Staying true to its name, American Bonanza Gold Mining (BZA-V) has pulled more high grades from its Copperstone property in Arizona.Hole 4, collared at the southern end of the so-called D zone, yielde…
Ghana gov’t supports AngloGold-Ashanti tie
The government of Ghana has expressed its support of the planned US$1.7-billion merger between Ashanti Goldfields (ASL-N) and AngloGold (AU-N).The government agreed to vote its 16.9% stake in Ashanti …
Shakespeare tests positive
Test milling of drill core samples from the Shakespeare copper-nickel project west of Sudbury, Ont., has recovered a bulk copper-nickel concentrate.The testing, done by SGS-Lakefield Research for proj…
Spot Prices Wednesday, Dec. 16, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$409.70+1.45Silver$5.66 +0.12Platinum$826.00+27.00…
Rio Narcea to drive ramp at Aguablanca (December 22, 2003)
Anxious to catch the peak of nickel prices, Rio Narcea Gold Mines (RNG-T) plans to begin developing its Aguablanca underground nickel project in western Spain even before open-pit mining starts.Aguabl…
Partners step up work at Windfall Lake
With results from the remaining holes now in hand, partners Fury Explorations (FUR-V), Alto Ventures (ATV-V) and Noront Resources (NOT-V) are preparing for their next drill campaign at the Wind…
GFMS tables Russian report
Since emerging from its financial crisis in 1998, the Russian economy has improved significantly, which is reflected in its mining sector, according to a report from Gold Fields Mineral Services (GFMS…
Editorial Cartoon (December 22, 2003)
What might have been
To almost nobody’s surprise, the past week saw another controversial mining development stalled. On Dec. 10, Minera de Centro del Peru (better known as Centromin) gave notice it was terminating the ag…
Southern Star places new shares
Southern Star Resources (SSR-V) has issued more than 1 million flow-through shares to raise $525,000 in gross proceeds.The shares were issued as part of a private placement closed in late November. An…
Limousine Butte drilling turns up gold
Vancouver — Nevada Pacific Gold (NPG-V) reports impressive assay results from the first two holes drilled on its wholly owned Limousine Butte project, in Nevada’s White Pine Cty.The initial holes in …