Bema arranges bought-deal financing
Bema Gold (BGO-T) has entered into a bought-deal financing with a syndicate of firms led by Canaccord Capital and Haywood Securities, worth an initial $5 million, with an option that could gross as mu…
Articles by Northern Miner Staff
North American Palladium overcomes mill problems
Despite an operational setback, North American Palladium (PDL-T) earned $2.9 million in the third quarter as revenue soared beyond $42.7 million.In early September, North American was forced to shut d…
Daily Metal Prices (November 25, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateNov. 19Nov. 18Nov. 15Nov. 14Nov. 13Al Alloy1305/130…
Etruscan, Mountain Lake celebrate mining foray
Ventersdorp, South Africa — What it lacks in size, this country’s newest alluvial diamond mine makes up for in quality and potential.Operator Etruscan Resources (EET-T) and minority partner Mountain …
NovaGold earns 70% interest in Donlin
Vancouver — Just 15 months after signing the option agreement, NovaGold Resources (NRI-T) has spent the required US$10 million on exploration to earn a 70% interest in Alaska’s Donlin Creek gold depo…
Emerald interest heats up
Vancouver — In the autumn of 1998, field geologist Bill Wengzynowski sparked a flurry of exploration activity by discovering an occurrence of emeralds on Expatriate Resources’ (EXR-V) Goal Net base m…
Merger trio almost in black
Two of the three mid-tier gold producers planning a friendly merger made money in the third quarter of 2002, but the biggest, Kinross Gold (K-T), is still in the red.Echo Bay Mines (ECO-T) made US$3.7…
Producer and Dealer Prices (November 25, 2002)
Antimony: Mid-mkt US$2,800/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.55/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.50-7.10/lb.Copper: Comex Dec US$0.727/lb.
Large diamonds gleaned from Gahcho Kue
The latest bulk-sample results from the Gahcho Kue joint-venture project in the Northwest Territories indicate the presence of big-carat diamonds in the Hearne kimberlite pipe.The Hearne and 5034 pipe…
Tiberon expands prefeasibility at Nui Phao
Vancouver — Tiberon Minerals (TBR-V) has expanded the scope of its prefeasibility study of the Nui Phao tungsten-polymetallic deposit in northern Vietnam.Recent work suggests operating costs may be l…
Odds ‘n’ sods: Flying over Red Lake
The idea of flying prospectors and supplies into the field occurred to John Hammel in 1925, when he engaged the air service branch of the Ontario Department of Lands and Forests to fly 15 tons of supp…
Black Hawk posts small quarterly loss
With production from the Limon gold mine in Nicaragua down from last year, Black Hawk Mining (BHK-T) lost US$432,000 on revenue of US$4.3 million in the three months ended Sept. 30.For the first nine …