Gold’s buoyancy tied to sagging greenback
This article is the first in a series devoted to precious and base metals markets and was culled from Barclays Capital’s monthly report The Commodity Refiner. This week’s instalment focuses on gold. P…
Articles by Northern Miner Staff
Noranda to idle troubled Magnola plant
Noranda (NRD-T) will temporarily close its 80%-owned Magnola magnesium plant in Danville, Que., and take an after-tax charge of $630 million against fourth-quarter earnings. The move will affect 380 w…
St. Jude’s South Benso fills out
Infill drilling by St. Jude Resources (SJD-V) at the South Benso gold property in Ghana has extended the Subriso East zone to surface.Five holes were sunk in Hill B to test updip projections of minera…
Alamos, National Gold raise US$4m prior to merger vote
Vancouver — Alamos Minerals (AAS-V) and National Gold (NGT-V) have arranged financing with H. Morgan & Co. to prepay outstanding debentures issued for the Salamandra gold property in Mexico.The deben…
Gold returns to its role as gauge of tension Barometer rising
Whether or not Western democracies finally take steps to get rid of the threat posed by Saddam Hussein’s Iraq, it is plain that the gold price is back to its old practice of rising whenever there is a…
More miners die in China
An explosion in a Chinese coal mine in late January left at least 33 miners missing only a day after a blast in another mine killed eight workers, China’s news agency Xinhua said.Two people are said t…
TVI pours gold at Canatuan in Philippines
Vancouver — TVI Pacific (TVI-T) has poured its first gold-silver dor bar at the rehabilitated Canatuan oxide plant in southwestern Philippines.The plant, operating at 50 tonnes per day, is initially…
Demand recovers after volatile period
The first few years of the millennium witnessed a volatile gallium market, according to a report from London-based Roskill Information Services.The authors of The Economics of Gallium report that afte…
Fire won’t affect Brunswick output: Noranda
Noranda says a fire in late January at the Brunswick lead-silver smelter in Belledune, N.B., will not affect production.The fire occurred in an isolated area of the complex that houses the silver refi…
Gov’t helps Inuit drilling firm
The federal government has given $100,000 to Inuit-owned Nuvumiut Drilling so it can buy prospecting and drilling equipment. The move is designed to allow the Inuit of Salluit and Kangiqsujuaq in far-…
Venture Exchange slips as gold dips
Vancouver — Canada’s junior exchange took a breather over the week ended Jan. 28. The S&P-TSX composite index slipped 8.99 points, or 0.8% of its value, to close at 1114.42.Quaterra Resources was the…
MOST ACTIVE ISSUES, JANUARY 22-28
ExchgVol(000s)HighLowCloseChangeSilverado*Q677770.530.210.30-0.28…