Rally ends as gold price slips
A 3-week rally by U.S. gold producers was abruptly halted during the April 3-9 report period, as bullion prices took a strong turn for the worse.In London, spot gold was off US$7.15 from the previous …
Articles by Northern Miner Staff
Spot Prices Wed. April 10, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$298.70-$6.25Silver$ 4.56-$0.14Platinum$526.00-$…
Scorpio tables Candelaria results (April 15, 2002)
Vancouver — Scorpio Mining (SPM-V) has tabled a final compilation of all drill results from surface and underground drilling on its Nuestra Senora polymetallic project in Mexico’s Sinaloa state.Betwe…
Semafo pours Guinean gold (April 15, 2002)
Montreal-based Semafo (SMF-T) has made the leap from explorer to miner by opening the Kiniero gold mine in Guinea.The open-pit operation, formerly known as Jean Gobele, was built at a cost of US$12.4 …
Drilling expands La Fortuna (April 15, 2002)
Drilling on Metallica Resources’ (MR-T) El Morro copper-gold project in Chile has extended the main La Fortuna deposit north and northwest.Hole 30 cut 111 metres (from 184 metres below surface) of sec…
Guyana pursues placement
Guyana Goldfields (YGI-V) will attempt to raise $400,000 by way of a brokered private placement.The placement comprises 1 million units priced at 40 each. A unit consists of a share and half a warran…
Lending Rates (April 15, 2002)
as of 4 pm ET, Apr. 9, 2002(%)Bank of Canada2.25Canadian Prime3.75U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.97LIBOR US$ 6-month2.23LIBOR US$ 1-year2.97Gold lease 3-month0.48Gold lease…
Eastfield bullish on Lorraine
Vancouver — Eastfield Resources (ETF-V) has tabled encouraging results from two more holes drilled on the Lorraine copper-gold property near Prince George, B.C.The latest bout of drilling was aimed a…
Sultan confirms continuity at Kena (April 15, 2002)
Vancouver — Drilling by Sultan Minerals (SUL-V) at the Kena property in southeastern British Columbia has confirmed the presence of high-grade mineralization in the Gold Mountain zone.The program con…
De Beers denies hidden agenda
De Beers is defending itself against allegations of monopolistic behaviour toward a black empowerment group.The major’s relationship with New Diamond Corp. (NDC) came into question after the Johannesb…
LME Warehouse Levels (April 15, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 9 (change from April 2 in brackets):MetalStock (tonnes)ChangeAluminium1042825(+…
AIM steps up marketing drive in Canada
Fresh from a marketing coup in Australia, representatives of the London Stock Exchange’s Alternative Investment Market (AIM) are wooing Canadian juniors that might benefit from a London listing.AIM is…