Partners cut West zone gold (May 13, 2002)
Reverse circulation drilling by partners Barrick Gold (ABX-T) and Minires du Nord (MDN-T) has cut “significant gol…
Articles by Northern Miner Staff
Huaron powers Pan American’s quarter
Thanks to newfound production from its Huaron mine in Peru and La Colorada mine in Mexico, Pan American Silver (PAA…
Hedge trimmers lead the way
In the first five days of trading under its new moniker, the S&P/TSX composite index shed 85.93 points, or more than 1%, coming to rest at 7,561.37 on May 7.Inspired by a run up to US$312 per oz. on t…
Anglo gains Disputada for US$1.3 billion
Vancouver — Adding some muscle to its already-impressive base metals portfolio, London-based Anglo American (AAUK-Q) has agreed to buy Exxon Mobil’s (XOM-N) Chilean copper mining subsidiary for US$1….
Silver coin exceeds 100m oz. in sales
The U.S. Mint reports that sales of its American Eagle silver coin have topped 100 million oz.More than 100,700 of the 1-oz. coins have been sold since they were introduced in 1986. That’s equivalent …
NAME CHANGES (May 13, 2002)
Independent Res. (IDN-V) has changed its name to ILOVETV Entertainment (TV-V) on a 1-new-for-1-old-share basis.
Lending Rates (May 13, 2002)
as of 4 pm ET, May 7, 2002(%)Bank of Canada2.50Canadian Prime4.00U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.90LIBOR US$ 6-month2.07LIBOR US$ 1-year2.55Gold lease 3-month0.40Gold lease …
LionOre buys out Anglo’s Tati stake (May 13, 2002)
LionOre Mining International (LIM-T) has struck a US$75.9-million, all-cash deal to buy Anglo American’s (AAUK-Q) nickel interests in Botswana.The assets include a 43.35% stake in Tati Nickel Mining C…
CMHF calls for nominations
The Canadian Mining Hall of Fame’s (CMHF) board of directors has issued its annual call for nominations.The next group of inductees will be honoured at a ceremony in January 2003. Their names will be …
Agnico-Eagle buoyed by Q1 profits
Agnico-Eagle Mines (AGE-T) returned to profitability in the first quarter of 2002, after finishing 2001 with a loss of US$7.7 million.Net earnings in the recent quarter totalled US$477,000 (or 1 per …
Gold Funds (May 13, 2002)
Gold Funds as at May 2, 2002Dundee Precious MetalsCentral FundNet Value$21.88$5.75Price$16.75$6.16…
Responsibility and reason
The past decade has seen “socially responsible investing” grow from a fringe habit followed mainly by cartoon lefties, to a practice followed by a significant minority of investors. Like it or lump it…