Marshall Fork yields 17-carat diamond
Partners Diamond Fields International (DFI-T) and South African-based Trans Hex Group have recovered a 17-carat alluvial diamond off the coast of Namibia, near the town of Luderitz.The stone, which ca…
Articles by Northern Miner Staff
Another Hemlo?
A mere six years have elapsed since news of the fabulous Hemlo discoveries rocked the mining world. Yet details of another gold discovery, which displays geological parameters of Hemlo-size proportion…
Golds still have legs: Allan
In a series of reports released in June, Research Capital mining analyst Barry Allan takes a look at the gold sector and concludes it still has room to move higher.First, he examines the relationship …
Micon finds alliances expand reach
Mineral industry consulting firm Micon International has found that non-exclusive alliances, such as the one it announced in late May with poject-management and technology firm Wardrop Engineering (T….
Meridian extends offer
With nearly 94 million shares, or about 81% of the company’s issued share capital already tendered, Meridian Gold (MNG-T) has extended its offer for shares of London-listed Brancote Holdings until Jul…
Spot Prices Wed. June 26, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$324.60+$2.75Silver$ 4.85-$0.05Platinum$551.00-$…
Gold Funds (July 01, 2002)
Gold Funds as at June 20, 2002Dundee Precious MetalsCentral FundNet Value$25.06$5.96Price$18.64$6.55…
Lending Rates (July 01, 2002)
as of 4 pm ET, June 25, 2002(%)Bank of Canada2.75Canadian Prime4.25U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.87LIBOR US$ 6-month1.97LIBOR US$ 1-year2.34Gold lease 3-month0.32Gold leas…
FNX tops up treasury (July 01, 2002)
FNX Mining (FNX-T), formerly Fort Knox Gold Resource, has arranged a bought deal with Dundee Securities, BMO Nesbitt Burns and Griffiths McBurney & Partners to raise $25 million.Under the deal, FNX wi…
Producer and Dealer Prices (July 01, 2002)
Antimony: Mid-mkt US$1,410/t.Bismuth: Mid-mkt US$3.05/lb.Cadmium: Mid-mkt US$0.30/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$7.00-8.50/lb.Copper: Comex July US$0.7495/lb.Indium: Ind…
Canadian Stock Exchange Indices (July 01, 2002)
DateJune 25June 24June 21June 20June 19HighLowTSX Composite7120.807129.937139.437225.357247.76…
The Northern Miner – North American Mining Index (July 01, 2002)
85.01 (-0.20)(Sept. 30/98 = 100)…