Kirkland Lake raises Macassa cash
Kirkland Lake Gold (KGI-V) (formerly Foxpoint Resources) has raised more than $4.7 million via a private placement…
Articles by Northern Miner Staff
BHP unloads CVRD stake (December 30, 2002)
Vancouver – Seeing little strategic value in holding on to its stake in iron ore producer Companhia Vale do Rio Doc…
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Eldorado cashes in
Eldorado Gold (ELD-T) has closed a $46-million financing with a syndicate of underwriters led by Yorkton Securities and including Sprott Securities, BMO Nesbitt Burns, TD Securities, National Bank Fin…
People (December 30, 2002)
Gemcom Software — Appointed Rick Moignard as president and CEO.Richmont Mines — Louis Dionne appointed president and CEO.Lakefield Minerals — William Urseth appointed president.
Goldcorp deepens High Grade zone again
Two recent holes drilled at the Red Lake mine in northwestern Ontario have extended the producing High Grade zone another 122 metres at depth, reports Goldcorp (G-T).Hole 34, drilled from the 37 level…
Editorial Cartoon (December 30, 2002)
Commercial-size stones envisaged for Renard 3 kimberlite
Despite its small tonnage implications, the Renard cluster of eight kimberlitic bodies in the Otish Mountains of north-central Quebec shows potential for large commercial-size diamonds at grades compa…
Kelvin yields significant diamond count
Originally discovered in the spring of 2000, about 9 km northeast of the Kennady Lake cluster in the Northwest Territories, the Kelvin kimberlite body was ignored until this year when De Beers Canada …
Issues for monetary policy
Although the gold standard could hardly be portrayed as having produced a period of price tranquility, it was the case that the price level in 1929 was not much different, on net, from what it had bee…
Odyssey drills Altintepe gold prospect
Vancouver — Looking to outline a bulk-mineable oxide gold system, Odyssey Resources (ODX-V) has begun diamond drilling on the Altintepe gold property, on Turkey’s Black Sea coast.Field work has ident…
Investors bid up junior golds
Vancouver — Santa Claus brought early Christmas presents to Canada’s junior exchange over the holiday-shortened report period ended Dec. 20 as investors placed bets that 2003 will be a good year for …