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…
Anaconda signs deal at Damoti Lake
Doublestar Resources (DSR-V) and Anaconda Gold (ANX-V) have inked a deal that could see the latter earn a 55% stake in the Damoti Lake project, 200 km north of Yellowknife.To do so, Anaconda must spen…
Campbell finds new zone at Joe Mann
Campbell Resources (CCH-T) reports that five exploration drill holes at the Joe Mann mine in northern Quebec have intersected a gold-bearing quartz vein.The vein runs 1.5-7 metres wide, and four of th…
Coeur d’Alene posts loss
The first quarter of 2003 left Coeur d’Alene Mines (CDE-N) with a loss even though revenue and cash flow were substantially increased.A one-time charge of US$28.1 million for early conversion of exist…
Nevada Pacific targets Limousine Butte (June 09, 2003)
Vancouver-based junior Nevada Pacific Gold (NPG-V) is preparing to drill-test the Resurrection Ridge zone on its 40-sq.-km Limousine Butte gold project in east-central Nevada.Resurrection Ridge is one…
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 …
Shareholders OK Gold Summit deal
Shareholders of Gold Summit Mines (GST-V) have approved a reorganization that will see the company take over a large land package in Nevada and California.The reorganization includes a one-for-five ro…
First Quantum profitable (June 09, 2003)
An expansion program and higher head grades enabled First Quantum Minerals (FM-T) to pump out twice as much copper cathode in the recent first quarter as a year earlier.The mid-tier producer mines the…