Kinross pulls plug on Lupin
Soaring costs have forced Kinross Gold (K-T) to suspend operations at its Lupin mine in Nunavut, 400 km northeast of Yellowknife.Despite a restructuring plan that improved costs, the stronger Canadian…
Articles by Northern Miner Staff
Bulls charge, gold bugs fly higher
The “Blackout of 2003” failed to darken the mood of investors, who pushed the Toronto Stock Exchange composite index 128.80 points higher over the Aug. 13-19 report period. The benchmark finished at 7…
Suppliers Roundup (August 25, 2003)
Knelson to build screensLangley, B.C.-based Knelson Gravity Solutions will begin building screens for filtering coarse ore from fine ore, under the brand name Knelson-Sizetec. The deal is part of a ma…
Claude squeaks by in second quarter
Higher headgrades and stronger gold prices enabled Claude Resources (CRJ-T) to offset the weaker U.S. dollar and record a small profit for the 3-month period ended June 30.Net earnings totalled $107,0…
Number nailed on Segala
Preliminary reserve estimates at the Segala gold deposit in western Mali put the size of the deposit at 383,000 oz.Estimates by Snowden Mining Industry Consultants, who were engaged by owner Nevsun Re…
Editorial Cartoon (August 25, 2003)
Bendigo eyes Victorian revival
Bendigo, Australia — Bendigo Mining is looking to extract up to 25 million oz. gold from the historic goldfield after which it is named, here in central Victoria state.Making a bit of history itself,…
Microbes and mining
Noise is anathema to the modern mining industry, as it generally means wasted energy. In looking for better, less-loud ways of winning metals, the industry is increasingly turning to techniques that i…
Trading Summary (August 22, 2003)
Trading SummaryMarkets were generally weaker on Friday, closing off a one-week market rally. The TSX Composite…
Rio gets the green for Aguablanca
Rio Narcea Gold Mines (RNG-T) has finalized a US$47-million debt facility to build a mine to exploit the recently l…
Gammon to boost Northeast Ocampo
Dartmouth, N.S.-based Gammon Lake Resources (GAM-T) has launched a 65,000-metre drill campaign on its Northeast Oca…
True North eyes new targets
Vancouver A newly completed $470,000 program by True North Gems (TGX-V) has identified 8 new target areas on the…