Drills turn at Poste Lemoyne (August 13, 2002)
Equal partners Virginia Gold Mines (VIA-T) and TWG Corp. (GWC-V) have begun a 19-hole drilling campaign on their Po…
Articles by Northern Miner Staff
Boundary battle heads to arbitration
After a failed takeover attempt, Canadian Royalties (CZZ-V) is headed to arbitration with Ungava Minerals (UNGV-CUB…
Knife fight headed to court
Failing to come to an agreement at the 10-sq.-km Knife project in the north Slave Craton region of Nunavut, De Beer…
$5.2 m set for Fort la Corne
Based on the interim results from the 2001 evaluation program, the partners of the 225-sq.-km Fort la Corne joint…
Trading Summary (August 12, 2002)
Toronto stocks opened the week lower and stayed there on Monday as profit-takers lived up to their name. The golds…
St. Jude cuts bonanza grade at South Benso (August 12, 2002)
Vancouver — St. Jude Resources (SJD-V) and Montreal-based Fairstar Explorations (FFR-T) have cut bonanza-grade drill intersections at their jointly held South Benso concession in Ghana, West Africa.D…
Ashanti out from under margin requirements
An infusion of cash from a US$75-million note issue allowed Ghanaian gold producer Ashanti Goldfields (ASL-N) to retire old debt and buy out of earlier hedge arrangements that subjected it to margin c…
Ekati turns in strong performance
In the Lac de Gras area of the Northwest Territories, some 300 km northeast of Yellowknife, Canada’s lone diamond mine churned out 4.56 million carats of stones for the fiscal year ended June 30, 2002…
Business or stock play?
Last week we argued that stock-based compensation did a poor job of aligning management’s interests with those of the shareholders. The question of accounting for the cost of option plans, while it is…
Colorado Survey releases CD-ROM
The Colorado Geological Survey has released a CD-ROM titled Digital Inventory of Industrial Mineral Mines and Mine Permit Locations in Colorado. The disc lists industrial minerals, such as sand, grave…
Daily Metal Prices (August 12, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateAugust 6August 5August 2August 1July 31Al Alloy1290…
Gold Funds (August 12, 2002)
Gold Funds as of August 6, 2002Dundee Precious MetalsCentral FundNet Valuen.a.$5.81Pricen.a.$6.55…