Northern Miner Indices (December 23, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T21.9%FalconbridgeFL-T4.2%Freeport BFCX.B-N5.0%GoldcorpG-T5.2%IncoN-T7.7%Meridian GoldMNG-T4.7%Newmont MiningNEM-N24.8%Noranda…
Articles by Northern Miner Staff
Golds show life signs
U.S. markets moved sideways over the reporting period Dec. 11-17, but the mining stocks, particularly the golds, ran up substantially. The Dow, which fell 38.87 points to 8,535.39, was down slightly, …
TSE crawls higher as gold breaks US$330 per oz.
The Toronto Stock Exchange composite index began the Dec. 11-17 report period on an upswing, peaked, then crashed as skittish investors counted their blessings and ran for the hills. Still, the index …
Laramide leases gold deposit (December 23, 2002)
In exchange for cash and future royalties, Laramide Resources (LAM-V) has leased its Cerro Colorado mining claims in Mexico to a private Australian mining company.Secotec paid US$50,000 in cash and ha…
Green light flashes for Tulsequah Chief
Vancouver — The government of British Columbia has finally issued a project approval certificate to Redcorp Venture’s (RDV-T) Tulsequah Chief project in the province’s northwestern region.The approva…
Nevsun intensifies efforts in Mali
Vancouver — Buoyed by a surging gold price, junior Nevsun Resources (NSU-T) is wasting no time advancing its two promising projects in Mali, West Africa.The junior ventured into the region back in 19…
Sherritt Partnership adds coal to fire
Faced with a revised takeover bid by the Sherritt Coal Partnership II, Calgary-based Fording (FDG-T) has postponed until Jan. 3 its special shareholders’ meeting originally slated for Dec. 20.Fording’…
McWatters sizes up East Amphi project (December 23, 2002)
Based on the results of a recent feasibility study of the East Amphi gold project, near Val d’Or, Que., McWatters Mining (MWA-T) has budgeted $1 million for exploration in 2003.The deposit will be dri…
LME Warehouse Levels (December 23, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 17 (change from Dec. 10 in brackets):MetalStock(tonnes)ChangeAluminium1247075(-3…
Perseverance on hold
With zinc prices foundering in the US33-to-36-per-lb. range, Noranda (NRD-T) has decided to postpone development of the Perseverance project, near Matagami, Que.Noranda’s president of zinc operation…
Pan Am date extended
Before the merger with Pan American Silver (PAA-T) can close, Corner Bay Silver (BAY-T) has to secure a water source for a proposed heap-leach operation at the Alamo Dorado project in Sonora state, Me…
Caldera finds little resistance
A ground electromagnetic survey by Caldera Resources (CDR-T) has outlined several conductive bodies at the Mt. Sarah property in South Australia.Roughly 6.8 km was surveyed along four lines to cover p…