De-hedging accelerates
Against a backdrop of higher gold prices and lower interest rates, the global gold hedge book saw 5.2 million oz. trimmed from its pages during the three months ended June 30, helping to underpin the …
Articles by Northern Miner Staff
Tan Range’s royalty structure unique among explorers
Amongst all the junior exploration companies out there, Tan Range Exploration (TNX-V) stands alone in fully embracing the royalty business model to advance its grassroots mineral projects.Based in Van…
Setting down Tanzanian roots
James Sinclair has a long history of gold-exploration activity in Tanzania, having entered the country in 1989 by becoming chairman of Vancouver-based Sutton Resources.Sutton was created in part by a …
Noranda tackles its enormous debt
Having spent the last two years fine-tuning its operations, Noranda (NRD-T) has begun trimming its debt-loaded balance sheet.In 2002, Noranda saw its total consolidated debt (excluding short-term bank…
The Northern Miner Indices (September 15, 2003)
North American Mining: 90.07 (+2.06)Small Producers: 91.70 (-0.38)(Sept. 30/98 = 100)…
NovaGold Resources raises $25 million
Vancouver — NovaGold Resources (NRI-T) has inked a financing deal to raise $25 million by issuing common shares an…
Jacobina restart economic, study says
A feasibility study on the Jacobina gold mine in Brazil indicates it would be economic for operator Desert Sun Mini…
AfriOre cuts high-grade gold in Mali (September 12, 2003)
Best known for its coal-mining activities in South Africa, AfriOre (AFO-T) has created some stock market heat with…
Pechiney says oui
French aluminum producer Pechiney has accepted a new sweetened takeover offer from Alcan (AL-T). The new cash-a…
American Bonanza revs up Gold Bar rig (September 12, 2003)
Targeting Carlin-type gold deposits, junior American Bonanza Gold Mining (BZA-V) will shortly resume drilling at th…
McCreedy resumes shipments to Inco
Partners FNX Mining (FNX-T) and Dynatec (DY-T) are once again shipping ore from their McCreedy West mine to the Cla…
Trading Summary (September 12, 2003)
The diversified miners, up 0.84 of a point to 157.75, led just three other Toronto Stock Exchange subindices higher…