Corrections (October 06, 2003)
In our Sept. 29-Oct. 5 issue, we incorrectly reported that Wolfden Resources (WLF-T) had paid $6.5 million to Blackstone Ventures (BLV-V) to earn a 70% interest in two mining claims adjacent to Wolfde…
Articles by Northern Miner Staff
Newmont eyes Ghana for growth
Vancouver — Denver-based Newmont Mining (NEM-N) expects production to rise by 5.5% this year, reaching 7.2-7.4 million oz. (Thereafter, from 2004 to 2006, yearly output will settle down to 7 million …
A commodity economy needs a commodity currency Swede reason
As the Canadian dollar continues to rise against its U.S. counterpart, the occasional bleats from the commentariat in favour of a monetary union with the United States are fewer and quieter. It seems …
Plexmar hikes to Peru (October 06, 2003)
Junior Plexmar Resources (PLE-V) has inked a deal to earn a full interest in the Marilia gold property in the Cajamarca department of northern Peru.The property, which covers 5 sq. km, is 15 km west o…
Exchange Rates (October 06, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateSept 29Sept 26Sept 25Sept 24Sept 23US$ in C$1.35461.3546…
The Northern Miner Indices (October 06, 2003)
North American Mining: 87.61 (-5.25)Small Producers: 80.13 (-9.87)(Sept. 30/98 = 100)…
Mindoro, Panoro team up in Philippines
Vancouver — With drills turning on the Lobo property and metallurgical tests planned for the nearby Archangel project in the Philippines, Mindoro Resources (MIO-V) has dealt a portion of its Surigao …
Royalty financing
Royalty financing provides companies with an additional potential source of funds for exploration, project development and other financing needs. The basic concept of royalty finance is that a company…
American Mining Hall of Fame inducts three
The 21st annual American Mining Hall of Fame awards banquet, sponsored by the Mining Foundation of the Southwest, will be held at the Sheraton Tucson in Tucson, Ariz., on Dec. 6.Each year, several ind…
Metals Commentary: Nickel strong as copper improves
CopperAs demand indicators are improving, the focus is shifting more towards copper’s supply side and the potential for restart of idled capacity as prices rise.In contrast to the other base metal mar…
Cambior, Ariane kindle merger mania
The Toronto Stock Exchange’s gold index gave back its recent gains, and then some, during the report period ended Sept. 30, as the yellow metal yo-yoed its way US$3 per oz. higher to an afternoon fix …
Cambior, Ariane merge
Montreal-based miners Cambior (CBJ-T) and Ariane Gold (AGD-T) have agreed to merge with an eye toward developing the latter’s Camp Caiman project in French Guiana.Under the proposed nuptials, Ariane s…