Doyon hoist fails
Cambior (CBJ-T) reports that the production hoist at its Doyon mine, 40 km east of Rouyn-Noranda, Que. broke down o…
Articles by Northern Miner Staff
Monroe Minerals sells alluvial diamonds for US$770 per carat
Vancouver–Monroe Minerals (MMX-V) sold its first parcel of diamonds from pre-production at its London alluvial dia…
IMA tables drill results from Las Bayas project
Vancouver — IMA Exploration (IMR-V) has completed its 19-hole drill campaign on its Las Bayas project in Patagonia…
Trading Summary (March 03, 2003)
Toronto’s gold stocks took it on the chin on Monday as the yellow metal slipped another US$1.10 per to US$348.50 pe…
Richmont has banner year (March 03, 2003)
Record gold sales, better prices, and lower production costs came together for Richmont Mines (RIC-T) in 2002, giving the company earnings of $9.1 million (or 59 per share) on revenue of $52 million….
Western markets bullish as composite jumps
Vancouver — Canada’s junior exchange closed the week ended Feb. 25 on an uptick. The S&P-TSX Venture Exchange composite index jumped 14.93 points, or 1.37% of its value, to close at 1.103.26.Stornowa…
Golden Phoenix plans attack at Borealis (March 03, 2003)
Golden Phoenix Minerals (GPXM-O) has tabled plans for a 3-prong exploration program at its Borealis project, near Hawthorne, Nev.Beginning this summer, the company will investigate the possibility of …
Brisas gets regulatory nod
Venezuela’s Ministry of Energy and Mines has approved an operating plan for the Brisas gold deposit in Bolivar state, opening the way for development by Gold Reserve (GLR-T).Brisas, with proven and pr…
Lending Rates (March 03, 2003)
as of 4 pm ET, Feb.25, 2003(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.34LIBOR US$ 6-month1.34LIBOR US$ 1-year1.39Gold lease 3-m…
Falconbridge grounds Kidd for eight weeks (March 03, 2003)
Citing a poor zinc market, Falconbridge (FL-T) is extending to eight weeks the planned closure of its refining operations at the Kidd metallurgical site in Timmins, Ont.Daniel Picard, general manager …
Exchange Rates (March 03, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 25Feb. 24Feb. 21Feb. 20Feb. 19US$ in C$…
Shareholders approve Fording plan (March 03, 2003)
The plan of arrangement under which coal producer Fording (FDG-T) would be converted into an income trust has received shareholder approval at a special meeting in Calgary, allowing Fording to combine…