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…
Articles by Northern Miner Staff
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…
Wheaton River gains Aussie, Argentine assets
Vancouver — In a deal that more than doubles its production, Wheaton River Minerals (WRM-T) has agreed to buy Rio Tinto’s (RTP-N) Peak gold mine in Australia along with the major’s 25% stake in Argen…
Rosy forecast for base Metal Prices
Despite prevailing macro uncertainties we are expecting a substantial improvement in base metal prices this year.The risk remains that economic growth will continue to disappoint and that a second rec…
Greek gov’t suspends work at TVX’s Stratoni
Mining has been suspended again in parts of TVX Gold’s (TVX-T) Stratoni silver-lead-zinc operation, 65 km east of the Greek port of Thessaloniki.The Greek Ministry of Development told the company the …
MOST ACTIVE ISSUES, JANUARY 8-14
ExchgVol(000s)HighLowCloseChangeSouth Am Gld&CT411310.130.080.10+0.03…
‘Six Sigma’ solves problems
The “Six Sigma” system has been around for some time. For those who have been out of the picture or are unaware of what Six Sigma is, I offer the following: it is the use of a rigorous, statistics-bas…
Editorial Cartoon (January 20, 2003)
Deflation: Making sure ‘it’ doesn’t happen here
(The author is a governor of the U.S. Federal Reserve Board.)Since the Second World War, inflation — the apparently inexorable rise in the prices of goods and services — has been the bane of central…
Gold was strongest major currency in 2002
The performance of the price of gold in 2002 largely reflects the fact that the professional investor has returned to the use of gold as a risk management tool. In the 1980s and for much of the 1990s,…
Lending Rates (January 20, 2003)
as of 4 pm ET, Jan. 14, 2003(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.38LIBOR US$ 6-month1.39LIBOR US$ 1-year1.52Gold lease 3-…