Placer cuts hedge book, extends Aurion offer
A day after deciding to reduce its hedge book, Placer Dome (PDG-T) extended its takeover offer for AurionGold, an Australian producer that is itself heavily hedged.By year-end, Placer expects to have …
Articles by Northern Miner Staff
Nelson sells Tajik assets
Having decided to focus on its oil and gas interests, Nelson Resources (NLG-T) is selling its 44% stake in the Jilau gold mine in Tajikistan.The buyer is London-listed Avocet Mining, which will give N…
Lending Rates (September 09, 2002)
As of 4 pm ET, Sept. 3, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.78LIBOR US$ 6-month1.75LIBOR US$ 1-year1.81Gold lease 3-month0.28Gold leas…
Akrokeri-Ashanti in the red
Delays in getting the new Knelson concentrators and cyclone recovery equipment online contributed to a quarterly loss for Akrokeri-Ashanti Gold Mines (YAG-V).During the three months ended June 30, the…
Crystallex production falls in South America
Vancouver — Lower gold grades from its Venezuela operations hurt the bottom line of Crystallex International (KRY-T) in the second quarter of 2002.The junior posted a loss of $3.2 million (or 4 per …
Ontario geologists catch last bus
Additional registration applications in August have brought to 679 the number of Ontario geoscientists registered or applying for membership in the Association of Professional Geoscientists of Ontario…
Northern Miner Indices (September 09, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T23.2%CamecoCCO-T3.2%FalconbridgeFL-T5.2%Freeport BFCX.B-N5.8%GoldcorpG-T4.2%IncoN-T9.2%Meridian GoldMNG-T2.8%Newmont MiningNE…
Daily Metal Prices (September 09, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateSept. 3Sept. 2Aug. 30Aug. 29Aug. 28Al Alloy1221/123…
MOST ACTIVE ISSUES, AUG. 28 – SEPT. 3
ExchgVol(000s)HighLowCloseChangePlacer DomeT1760616.2514.7516.18+1.22…
Gloomy start to September
A market rout on September’s first trading day in the U.S. might be a sign of further carnage to come this fall. For the report period ended Sept. 3, the major indices retested post-9-11 lows, with th…
Audit confirms Dolores gold-silver resource
Vancouver — An independent audit has confirmed Minefinders’ (MFL-T) resource estimate for the Dolores project in Mexico’s Chihuahua state.Pincock, Allen & Holt verified a measured, indicated and infe…
Diamond Fields on track for production renewal (September 09, 2002)
Having bought its own vessel, Diamond Fields International (DFI-T) is preparing to renew marine diamond production off the coast of Namibia.The junior’s main concession covers more than 70 km of coast…