Camorra results cap good year for Hecla
Exploration drilling at the La Camorra mine in Bolivar state, Venezuela, suggests Hecla Mining (HL-N) may find additional high-grade resources at depth.A deep drill hole and a hole wedged off from it …
Articles by Northern Miner Staff
BHP options Alberta diamond project
After staking a 7,200-sq.-km land package in northern Alberta last year, the Canadian diamond division of BHP Billiton (BHP-N) has acquired an option on two key properties held by Buffalo Diamonds (YB…
Greek bombshell sinks TVX (March 18, 2002)
Massive writedowns eroded an otherwise profitable year for TVX Gold (TVX-T).The gold miner lost US$227.9 million (or US$1.24 per share) in 2001 on revenue of US$158.3 million, compared with earnings o…
Solitario cuts PGMs at Pedra Branca
Vancouver — Denver-based Solitario Resources (SLR-T) has intersected new platinum-palladium mineralization at its Santa Amaro and Cedro 1 prospects at the Pedra Branca project in Brazil.Solitario’s S…
Mergers affected ’01 gold price
Several factors combined to make 2001 a difficult year for gold, according to CPM Group. Chief among these were contracting trading volumes in the futures and dealer markets, and consolidation and mer…
Copper, nickel lead price index
Base metals prices achieved fresh highs for the year during the 5-day report period ended March 8, maintaining the steep upward trend established since late February.So far, the London Metal Exchange …
Denison to modify name
Management of Denison Mines (DEN-T) has proposed changing its name to “Denison Energy” in order to reflect the company’s modern, split focus on both the uranium and oil and gas sectors.In addition, ma…
Rubicon deals ground to Redstar Minerals, Wheaton River
Vancouver — With drilling already under way on its key properties in Ontario’s Red Lake district, Rubicon Minerals (RMX-V) intends to advance some of its other projects by dealing them to experienced…
Lending Rates (March 18, 2002)
as of 4 pm ET, Mar. 12, 2002(%)Bank of Canada2.25Canadian Prime3.75U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month2.00LIBOR US$ 6-month2.23LIBOR US$ 1-year2.85Gold lease 3-month0.60Gold leas…
Spot Prices Wed. March 13, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$293.75-$0.60Silver$ 4.50-$0.03Platinum$517.00+$…
Northern Miner Indices (March 18, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningNMC-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mini…
LME Warehouse Levels (March 18, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 12 (change from March 5 in brackets):MetalStock (tonnes)ChangeAluminium953900(+…