Record output powers Rio Narcea turnaround
Buoyed by record gold production from its El Valle mine in Spain, Rio Narcea Gold Mines (RNG-T) staged an impressive turnaround in 2002, earning US$9.7 million.The earnings translate into US13 per sh…
Articles by Northern Miner Staff
Profit-takers step in
The Toronto Stock Exchange moved lower over the report period April 23-29, with profit-taking marking the end of a rally that lasted more than three weeks. The TSX Composite index fell 37.53 points to…
Crown pulls high grades at Buckhorn (May 05, 2003)
Assays on core samples from the Buckhorn Mountain property in north-central Washington, held by Crown Resources (CRCE-O), indicate high gold grades over significant widths.Crown drilled 41 holes betwe…
Inmet takes over Teck’s Cerattepe project
A deal between the Turkish subsidiaries of two Canadian mining companies will give Inmet Mining (IMN-T) control of the Cerattepe copper and gold deposit, near Artvin in northeastern Turkey.Under the d…
SA Chamber criticizes bill
The possible effects of the proposed Royalty Bill released by South Africa’s National Treasury will not be good for the economy or the mining industry. In the coming weeks the chamber will submit to t…
Editorial Cartoon (May 05, 2003)
Now for a cultural change
It was fully a year ago that we were writing about the New York Attorney General’s investigation into investment research at several major U.S. brokerage houses. New York State prosecutors had gone th…
Crew adds olivine to portfolio
Vancouver — Just as it is preparing to build the Nalunaq gold mine in southern Greenland, Crew Development (CRU-T) has acquired a deposit of olivine in the same region.The deposit, known as Seqi, con…
Daily Metal Prices (May 05, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateApril 29April 28April 25April 24April 23Al Alloy137…
Canadian Stock Exchange Indices (May 05, 2003)
DateApril 29April 28April 25April 24April 23HighLowTSX Composite654…
Chesbar updates Sechol
Improvements in the nickel market have spurred Chesbar Resources (CBI-T) to modify its metallurgical study of the Sechol laterite deposits in east-central Guatemala.Chesbar’s consultants will now esti…
Exchange Rates (May 05, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApril 29April 28April 25April 24April 23US$ in C$1.44571.45011.4532…