La Colorada construction under way
With a US$10-million project debt facility in hand from International Finance Corp., Pan American Silver (PAA-T) has begun construction aimed at quadrupling production at its La Colorada mine in Mexic…
Articles by Northern Miner Staff
Canadian Stock Exchange Indices (June 24, 2002)
DateJune 18June 17June 14June 13June 12HighLowTSX Composite7327.547357.427249.027283.607359.56…
Ensuring mining’s legitimacy, Part 2
The question remains: How does the industry regain the public credibility that, ultimately, underpins legitimacy?The answer is simple: it openly acknowledges the criticisms leveled at it, engages with…
Golds retrench
With bullion prices finding new support at around US$318 per oz., the U.S.-listed gold companies spent the report period June 12-18 consolidating at levels about 5% lower than the 52-week highs attain…
TSE Short Positions (June 24, 2002)
Short positions outstanding at June 15, 2002Larger individual positions includeAgnico-Eagle 5,064,777 up 110,343; Alcan 1,488,270 up 517,286; Algoma Steel 160,000 down 181,000; A…
PEOPLE (June 24, 2002)
Aurado — Roland Khalife, Raja Shaffu and Elie Soueiden appointed directors; David Robinson appointed CEO, Ian Baron appointed COO; Kamal Tamraz appointed CFO.Aurora — Daniel Innes appointed presiden…
Exchange Rates (June 24, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 18June 17June 14June 13June 12US$ in C$1.54411.54731.55001.5…
Big plans for Peruvian placers
Mineral exploration companies like to get noticed. But a new venture operating out of Las Vegas and largely controlled by southern Ontario interests has gone one better on the usual junior promotion g…
El Sauzal proves bankable
Vancouver — With the US$121-million takeover of Francisco Gold (FGX-V) under way, Reno-based Glamis Gold (GLG-T) is wasting no time advancing the El Sauzal property in Mexico.In mid-June, Francisco s…
Redcorp anticipates green light for Tulsequah Chief
British Columbia’s beleaguered mining industry has had little to cheer about for much of the past decade as exploration dollars dried up and headed south. Advanced-stage development projects have been…
Anglo find propels Aussie explorers
Vancouver — With delineation drilling on the Boyongan prospect outlining what appears to be one of the highest-grade copper-gold porphyry discoveries in recent memory, Australian-listed Greenstone Re…
BM Diamondcorp targets Indonesian alluvials
Seeking success where others have failed, Toronto-based junior BM Diamondcorp (BDI-V) intends to resume mining at the Cempaka alluvial diamond project in Indonesia.Comprising 39 sq. km, the property i…