Hecla boosts 2002 production estimates
Continued operating success at the La Camorra gold mine in Venezuela and the San Sebastian silver mine in Mexico’s…
Articles by Northern Miner Staff
Wolfden looks to Red Lake for more property
Vancouver — Wolfden Resources (YWO-V) has inked a deal with Sabina Resources (SBB-V) to acquire an interest in th…
Outokumpu buys Bula property
Finnish metal producer Outokumpu has bought the Bula property adjacent to its Tara zinc mine in central Ireland, in…
AurionGold advises rejection of Placer offer
Directors of Australian gold miner AurionGold have gone beyond their initial recommendation that shareholders not react to Placer Dome’s (PDG-T) hostile, all-share takeover offer. They are now advisin…
Fording to get more for less
Calgary-based Fording Coal, the country’s largest coal producer, says it will charge more for its coal this year but sell less of it.The company expects prices will be about 10% higher than the averag…
SouthernEra recovers gems
The first hole drilled into the Sue kimberlite pipe in the Northwest Territories has yielded 95 diamonds for SouthernEra Resources (SUF-T).Sue is part of the Yamba Lake property, in which SouthernEra …
Queenston revs up printing press
Higher demand for its paper has prompted Queenston Mining (QMI-T) to increase the size of a private share offering.The placement now consists of 6.25 million units priced at 80 apiece. Half the units…
US markets stay weak
Stock markets in the U.S. were little-changed over the holiday-shortened trading period July 3-9. Over four trading days, the Dow Jones Industrial Average managed a 1% gain, to 9,096.09 points, while …
Canadian Stock Exchange Indices (July 15, 2002)
DateJuly 9July 8July 5July 4July 3HighLowTSX Composite7034.847091.987112.467029.787024.08…
Aurizon buys out TVX royalty
Aurizon Mines (ARZ-T) has paid $5 million in cash for TVX Gold’s (TVX-T) residual interest in the Casa Berardi property in northwestern Quebec.The residual interest consisted of an outstanding $3.9-mi…
Canadian heavyweights kicked off S&P 500
The July 3-9 report period ended with a surprise bang, when Standard & Poor’s announced that it was removing Alcan, Barrick Gold, Placer Dome and Inco from its S&P 500 index…
Ivanhoe confirms Kharmagtai’s potential
Preliminary drilling by Ivanhoe Mines (IVN-T) has confirmed the discovery of a copper-gold porphyry system in Mongolia’s South Gobi region.Known as Kharmagtai, the system was first outlined by Mongoli…