Cangold defines Thorn
Vancouver — Partners Cangold (CLD-V) and Rimfire Minerals (RFM-V) have outlined a 100-by-300-metre gold-in-soil geochemical anomaly on the Thorn silver-gold-copper project, southeast of Atlin, B.C.Th…
Articles by Northern Miner Staff
People (September 08, 2003)
Admiral Bay — Mark Brennan appointed director president and CEO; Robert McIntosh appointed VP of exploration; Godfrey Walton appointed special consultant; Bill Pearson appointed technical advisor; Ba…
Ashton, Soquem launch fall exploration campaign
As joint-venture partners Ashton Mining of Canada (ACA-T) and Soquem mull over the best way to further evaluate the Renard kimberlitic cluster in the Otish Mountains region of northern Quebec, a fall …
The Northern Miner Indices (September 08, 2003)
North American Mining: 88.01 (+1.76)Small Producers: 92.08 (+4.39)(Sept. 30/98 = 100)…
Metal price rally sends producers higher
A rally in metal prices pushed both gold and base metal producers to higher ground over the holiday-shortened Aug. 27-Sept. 2 report period. The Toronto Stock Exchange gold subgroup tacked on 5.38 poi…
Asbestos trust fund established in South Africa
A R400-million (US$55-million) trust fund designed to compensate those suffering from asbestos-related diseases has been established in South Africa, with the lion’s share of funding coming from South…
Norilsk buys more Stillwater
Russia’s Norilsk Nickel gave the final results of its US$32.6-million offer to buy up to 4.35 million shares (5%) of its 51%-owned subsidiary Stillwater Mining for $7.50 apiece, in cash. When the offe…
Spot Prices Wednesday, September 3, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$372.20+7.90Silver$4.98-0.02Platinum$712.00+16.00…
Linear sets sights on Xstrata properties
Venturing from its stronghold in eastern Canada, Linear Resources (LRR-V) has inked a letter of intent to acquire various properties in Latin America from London-listed Xstrata.The properties are in t…
Mustang gallops into Manchester
Mustang Minerals (YMU-T) has inked a deal to explore for nickel on Inco’s (N-T) Manchester property covering a 2.5-km stretch of the Manchester Offset dyke on the south range of the Sudbury igneous co…
Junior Exchange continues summer rally
Vancouver — Canada’s junior exchange continued its summer rally over the week ended Sept. 2. The S&P-TSX Venture Exchange composite index jumped 42.76 points, or 3.35%, and closed at 1,318.37.Verena …
Northern Miner Indices (September 08, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrick GoldABX-T19.4%CamecoCCO-T3.6%FalconbridgeFL-T4.7%Freeport McM BFCX-N7.1%GoldcorpG-T4.4%IncoN-T7.8%Kinross GoldK-T4.3%Newmont Minin…