Pele aims drills at Ardeen gold project
Another old gold project is being dusted off and revived: Pele Mountain Resources (GEM-V) is about to begin drilling at its wholly owned Ardeen mine property, 110 km west of Thunder Bay, Ont.Situated …
Articles by Northern Miner Staff
Iamgold joins Int’l Minerals in Ecuador
International Minerals (IMZ-T) (formerly Ecuadorian Minerals) has dealt Iamgold (IMG-T) an option to earn a 60% interest in its Canicapa project in southern Ecuador, about 380 km south of the capital …
Kemess sets records
Vancouver — The Kemess South open-pit mine in north-central British Columbia produced a record amount of gold and copper in 2002 — 282,300 oz. and 72.9 million lbs., respectively, for an increase of…
Exchange Rates (January 20, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJan. 14Jan. 13Jan. 10Jan. 9Jan. 8US$ in C$1.53971.54181.55001.553…
First Point picks up Rio Luna (January 20, 2003)
Vancouver — With a 2,000-metre drill program under way on its Cacamuya gold-silver project in southwest Honduras, First Point Minerals (FPX-V) has inked a deal to acquire the Rio Luna gold property i…
Golds retrench but base metals higher
The Toronto Stock Exchange was only fractionally higher through the trading period Jan. 8-14, with the composite index up 8.2 points, or 0.1% of value, at 6,810.98. Most of the market sectors moved si…
Miramar tallies Doris North study
Vancouver — An independent feasibility study of the Doris North gold deposit on the Hope Bay project in Nunavut calls for a 668-tonne-per-day operation and production of 311,693 oz. gold over a mine …
Agnico finds gold at Lapa
Drilling by mid-tier gold producer Agnico-Eagle Mines (AGE-T) at the Lapa property of Breakwater Resources (BWR-T), 11 km east of Agnico’s LaRonde mine in northwestern Quebec, has intersected extensio…
Fording battle ends in peace (January 20, 2003)
The heated battle for Calgary-based coal miner Fording (FDG-T) has ended with a truce that would see rival bidders combine their respective metallurgical coal assets under the banner Fording Canadian …
Geomaque and St Barbara offer Defiance
Toronto-based junior Geomaque Explorations (GEO-T) plans to merge with St Barbara Mines of Perth, Australia, to create an international gold mining company.The combined company would be called Defianc…
Tiberon tables Nui Phao prefeasibility (January 20, 2003)
Vancouver — Tiberon Minerals (TBR-T) has tabled a positive prefeasibility study of its 70%-owned Nui Phao polymetallic deposit in Vietnam.Based on an initial capital cost of US$140 million, annual th…
Cambior sharpens trimmers in ’03
With gold climbing to prices not seen in years, Cambior (CBJ-T) plans to trim its hedge book by about 40% to around 800,000 oz. gold in 2003.The reduction would see the company’s hedge position drop t…