Namakwa surrenders bonanza grades
Perth, Australia-based Namakwa Diamond has recovered another 1,014 diamonds from trenching on its 49-sq.-km Namakwa…
Articles by Northern Miner Staff
Trading Summary (September 23, 2002)
The Toronto Stock Exchange’s energy sector was the lone subindex to advance on Monday, edging up just 0.8 of a poin…
Noranda dismounts Caballo Blanco (September 23, 2002)
Noranda (NRD-T) has dropped its option to earn a 75% stake in Almaden Minerals’ (AMM-T) Caballo Blanco property on…
Amarc misses at Inde
Vancouver — A 14-hole diamond drill program by Amarc Resources (AHR-V) has returned sporadic gold values below the…
Drills rev at Tulawaka
Partners Barrick Gold (ABX-T) and Minires du Nord (MDN-T) have their drills gearing up for a new exploration progr…
Newmont, Barrick oversee expansion of Super Pit Down Under
Kalgoorlie, Australia — Nearly 20 years ago, gold entrepreneur Alan Bond used the word “rationalization” to describe the potential for improving profitability by combining all the mining operations i…
Manhattan tables new Tambo Grande plan
An independent feasibility study calls for a more productive second phase than planned at the proposed Tambo Grande open-pit mine in Peru, reports Manhattan Minerals (MAN-T).The study, authored by AME…
Placer extends again
Make it six. That’s how many times Placer Dome (PDG-T) has extended its offer for partner and takeover target AurionGold. With the previous deadline hours away on Sept. 10, Placer tacked on another 10…
Exchange Rates (September 23, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateSept. 17Sept. 16Sept. 13Sept. 12Sept. 11US$ in C$1.57921.58251.5857…
Echo Bay restates to a loss (September 23, 2002)
Edmonton-based gold and silver miner Echo Bay Mines (ECO-T) has restated its second-quarter, per-share results to reflect a loss related to an April share offering.Under the new accounting handling, E…
Friedland leading the charge in the land of Genghis Khan
The discovery by Ivanhoe Mines (IVN-T) of the world class copper-gold bearing porphyry system at Turquoise Hill in Mongolia’s remote South Gobi region highlights the untapped mineral exploration poten…
Nickel laterites fail to live up to early promise
The pioneers of Australia’s nickel laterite industry set the bar way too high. Just three years ago, they were the stars of the nickel business, determined to lower the industry cost curve and revolut…