Rubicon drills in Red Lake
Junior Rubicon Minerals (RMX-V) has renewed drilling at the Rivard property in Ontario’s Red Lake camp.The 7,500-ft. program follows a first phase, completed earlier this year, which produced a best r…
Articles by Northern Miner Staff
Suit claims Barrick misled investors
Two U.S.-based law firms have launched a class-action suit against Barrick Gold (ABX-T) for allegedly misleading investors by forecasting higher earnings than the company delivered last year.Barrick, …
Base metals: higher with caution
(The following excerpt from The Commodity Refiner, a monthly publication of Barclays Capital Research, provides an overview of current base metals markets.)A comparison of actual base metals prices in…
Gabriel scraps $28m bought-deal financing
Gabriel Resources (GBU-T) has scrapped plans for a bought-deal offering of 10 million shares priced at $2.80 apiece.The move follows reports that Romania’s prime minister dismissed a positive governme…
Bolivar Gold fast-tracks Choco 10
El Callao, Venezuela — Newly listed in January, Toronto-based Bolivar Gold (BGC-V) has lost no time acquiring a prime, undeveloped gold asset and putting it on the fast track to be a producing mine b…
Editorial Cartoon (July 21, 2003)
A mighty wind
News leaked out of the Premier’s Office in Ontario this month that the provincial government was considering moving out of the joint income tax arrangement, under which individual taxpayers in all pro…
PDAC seeks securities reform
The Prospectors & Developers Association of Canada will make presentations to the federal government’s “wise persons” committee and a provincial committee, both of which are examining ways to reform s…
The Northern Miner Indices (July 21, 2003)
North American Mining: 74.16 (+0.37)Small Producers: 71.78 (-1.34)(Sept. 30/98 = 100)…
Don Mario pours gold
Orvana Minerals (ORV-T) has poured the first dor bar at its Don Mario gold mine in Bolivia.The bar, which contains 415 oz. gold, was produced from stockpiled low-grade ore during tweaking of the oper…
Lending Rates (July 21, 2003)
as of 4 pm ET, July 15, 2003(%)Bank of Canada3.25Canadian Prime4.75U.S. Discount Primary2.00U.S. Fed Funds market rate1.1875U.S. Prime4.00LIBOR US$ 3-month1.11LIBOR US$ 6-month1.13LIBOR US$ 1-…
Daily Metal Prices (July 21, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJuly 15July 14July 11July 10July 9Al Alloy1385/1385…