Gold demand slows in India, Pakistan
Consumer demand for gold in India was 8% lower in the third quarter of 2002 than a year earlier. However, the decrease was less severe than the 44% drop between the first half of 2002 and the first ha…
Articles by Northern Miner Staff
Monroe soars on London diamond find
The recovery of seven gem-quality diamonds from the London alluvial diamond project in South Africa sent shares in Monroe Minerals (MMX-V) soaring 20, to 45, in early trading in Vancouver on Feb. 5….
Kinross jumps to senior ranks as gold soars
Although it came as no surprise, Kinross Gold made headlines over the Jan. 28-Feb. 4 report period by concluding its long-awaited 3-way merger with TVX Gold and Echo Bay Mines to become Canada’…
Phelps Dodge in the red
Vancouver — Legal settlements and writedowns for idled mining operations in the fourth quarter highlighted a terrible financial year for the world’s second-largest copper producer.Phelps Dodge (PD-N)…
AFRICA
Operator Etruscan Resources (EET-T) and minority partner Mountain Lake Resources (MOA-T) have sold the first bundle of alluvial diamonds produced at the Tirisano mine at Ventersdorp, South Africa.The …
Hoy awarded Provincial Geologist’s Medal
Canada’s geological community has awarded the 2002 Provincial Geologist’s Medal to Trygve Hoy, who devoted his career to exploring and documenting the rock formations of southeastern British Columbia….
Russian subsidiary powers High River
High River Gold Mines’ (HRG-T) attributable gold production grew by more than 43,000 oz. in 2002, thanks to an increased stake in its Russian subsidiary, Buryatzoloto.High River boosted its position i…
MOST ACTIVE ISSUES, JAN. 29-FEB. 4
ExchgVol(000s)HighLowCloseChangeWheaton Rvr MT234641.501.381.45-0.04…
Surging gold energizes Venture Exchange
Vancouver — With a little help from gold, Canada’s junior exchange closed the week ended Feb. 4 on an uptick. The S&P-TSX Venture Exchange composite index added 15.6 points, or 1.4% of its value, and…
Spot Prices Wednesday February 5, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$385.00+15.15Silver$4.93+0.08Platinum$689.00+40.00…
Producer and Dealer Prices (February 10, 2003)
Antimony: Mid-mkt US$2,300/t.Bismuth: Mid-mkt US$2.85/lb.Cadmium: Mid-mkt US$0.65/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$7.50-8.00/lb.Copper: Comex Mar US$0.7795/lb.Indium: Indi…
US markets slide, golds mixed
Markets in the U.S. continued their downward spiral during the Jan. 29-Feb. 5 report period, as calls for war against Iraq grew louder in Washington. The S&P 500 slipped 10.34 points, or 1.2%, to clos…