Gold shines as Iraqi stalemate continues
Profit-takers outnumbered investors over the Dec. 4-11 report period, causing the Toronto Stock Exchange composite index to lose 43.41 points. The index finished the week at 6,597.20.Gold, buoyed by n…
Articles by Northern Miner Staff
Lending Rates (December 16, 2002)
as of 4 pm ET, Dec. 10, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.41LIBOR US$ 6-month1.43LIBOR US$ 1-year1.59Gold lease 3-…
Southwestern drills Boka
The recovery of multi-ounce grades from adits has prompted Southwestern Resources (SWG-T) to launch a drill program at the Boka gold project in China’s Yunnan province.The 2,000-metre program will try…
Diavik nears startup
Construction of the Diavik diamond mine, in the Northwest Territories, is expected to be close to completion by year-end.London-based Rio Tinto (RTP-N) and its Canadian partner, Aber Diamond (ABZ-T), …
Rubicon tests Rivard
Vancouver — A first phase of drilling by Rubicon Minerals (RMX-V) at its recently acquired Rivard gold project in northwestern Ontario is investigating mineralization downdip of surface occurrences.S…
MOST ACTIVE ISSUES, DEC. 4 – 10
ExchgVol(000s)HighLowCloseChangeKinross GoldT313453.082.822.88+0.12…
Inco reviews Goro development
Facing sudden and significant cost overruns, Inco (N-T) will be reviewing its Goro nickel laterite project in the French Pacific territory of New Caledonia.The company is beginning a 6-month engineeri…
Miramar sets sights on Boston Deeps (December 16, 2002)
Vancouver — The largest drill program planned for Canada in 2003 may have got 9,000 metres bigger, now that Miramar Mining (MAE-T) intends to test the depth potential of the Boston deposit at the Hop…
Correction (December 16, 2002)
A recent insider trading report should have stated that Michael Terrel, director of St. Jude Resources (SJD-V), bought 23,000 shares directly at 65-80 apiece and 525,145 shares indirectly and private…
GoldOre nabs La Plata (December 16, 2002)
Vancouver-based GoldOre Resources (GOZ-V) has purchased the La Plata copper property, near Durango, Colo., in exchange for shares and the assumption of US$35,000 of debt.La Plata overlies a porphyry s…
Wayside defines Cariboo
Vancouver — International Wayside Gold Mines (IWA-V) is adding the Bonanza Ledge and BC vein deposits to its mine plan for the Cariboo project in the Barkerville area of central British Columbia.Bona…
New silver coin law in US
President George W. Bush has signed legislation that creates a new market for domestic silver in government-minted coins.The silver, which will be bought by the U.S. Treasury on the open market, will …