Drill turns at Limousine Butte (May 21, 2002)
Vancouver — Newmont Mining (NEM-N) has launched a fourth round of drilling on Nevada Pacific Gold’s (NPG-V) Limous…
Articles by Northern Miner Staff
Pacific Rim eyes La Calera
Vancouver — With both the court and shareholders approving the merger of Pacific Rim Mining and Dayton Mining, the…
Newmont starts year with loss
Fresh from acquiring Franco Nevada Mining and Normandy Mining, Newmont Mining ended the May 9-14 period down $1.17 to US$28.05 as the world’s number-one gold producer posted a first-quarter net loss o…
Lending Rates (May 20, 2002)
as of 4 pm ET, May 14, 2002(%)Bank of Canada2.50Canadian Prime4.00U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.90LIBOR US$ 6-month2.08LIBOR US$ 1-year2.63Gold lease 3-month0.47Gold lease…
Gold Funds (May 20, 2002)
Gold Funds as at May 9, 2002Dundee Precious MetalsCentral FundNet Value$22.71$5.80Price$17.57$6.91…
Jean Elizabeth Wegenast
Jean Elizabeth “Zibby” Wegenast, wife of mining engineer and university professor William Wegenast, has died after a battle with Parkinson’s disease. She was 73.Born in Newfoundland, she was the daugh…
MOST ACTIVE ISSUES, MAY 8-14
ExchgVol(000s)HighLowCloseChangeKinross GoldT243563.272.843.04-0.06…
El Sauzal poised to benefit from Glamis-Francisco merger
The proposed merger between Francisco Gold (FGX-V) and Glamis Gold (GLG-T), now set for mid-June, will provide the latter with some promising development projects.Under the binding offer, which has be…
Archon hits snags while drilling in Lac de Gras
Drilling by Archon Minerals (ACS-V) in the Lac de Gras area of the Northwest Territories has been halted following the testing of only one target.Archon had set about testing some 22 geophysical pipe-…
Nunavut’s potential
Nunavut is becoming known as an “under-explored” region with high mineral potential. The success of the Polaris and Nanisivik zinc mines and the reopening of the Lupin gold mine demonstrate the feasib…
Cumberland eyes Portage link (May 20, 2002)
Cumberland Resources (CBD-T) has intersected shallow, high-grade mineralization during a drill program aimed at connecting the Third Portage and North Portage deposits on the Meadowbank gold project i…
LME Warehouse Levels (May 20, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 14 (change from May 7 in brackets):MetalStock (tonnes)ChangeAluminium1131625(+149…