Trading Summary (June 09, 2003)
The Toronto Stock Exchange was lower across the board on Monday, falling 74.46 points to finish at 6,972.42. The go…
Articles by Northern Miner Staff
M.I.M. shareholders give Xstrata the nod
Shareholders of Australian-based miner M.I.M. Holdings have approved a A$4.9 billion cash-and-debt takeover offer f…
Work underway at Courageous Lake
Vancouver Junior Seabridge Gold (SEA-V) has launched a $1.6 million program over its wholly-owned Courageous Lake…
Yandal deadline passes
Newmont Mining has had partial success sorting out the financial problems at its Yandal gold subsidiary in Australia.On March 27, Newmont brashly gave its hedging counterparties and its noteholders at…
Golds add spice to stale market
Vancouver — Canada’s junior exchange maintained its rally over the week ended June 3 as investors nibbled on select gold-related issues. The S&P-TSX Venture Exchange composite index tacked on 5.84 po…
Queenstake buys Jerritt Canyon, again
The sale of the Jerritt Canyon gold mine in Elko Cty., Nev., is on again, following an agreement by owners AngloGold (AU-N) and Meridian Gold (MNG-T) to take shares as partial payment from buyer Queen…
Phelps Dodge settles with New Mexico
Vancouver — The world’s second-largest copper miner has reached an agreement with the state of New Mexico over financial assurances required as part of the closure of its Tyrone, Chino and Cobre oper…
Midway cuts more gold in Nevada
Vancouver — Midway Gold (MDW-V) has been focusing its efforts on its namesake gold property in Nevada’s Nye Cty., where it is engaged in a joint venture with Newmont Mining (NEM-N).Midway lies betwee…
Junior explorers target Tonopah district
Vancouver — LEH Ventures (LEH-V) has become the latest junior exploration company to join the hunt for gold in the Tonopah region of Nevada.The company inked a deal to earn a 60% stake in the Baxter …
Miramar cuts bonanza grades at depth (June 09, 2003)
Vancouver — Miramar Mining (Mae-T) is buoyed by the initial results from a program aimed at testing the depth potential of the Boston deposit on the Hope Bay gold project in Nunavut.Gold-mineralized …
Global industrial production and what it means for mining, Part 2
The shift in the location of industrial production has significant implications for mineral transportation. Mineral production historically developed in response to, and in the vicinity of, industrial…
Gold shines on long-term dollar weakness
Investors in gold stocks have taken profits in one of the best years for investing in the precious metal in more than a decade.The high price of gold has been linked to the tensions with Iraq, but thi…