Producers rise with yellow metal
Despite little substantive news from the bullion markets over the report period ended Feb. 25, gold prices still managed to stage a significant rally and closed up $5 to just under US$300 per oz.The U…
Articles by Northern Miner Staff
MOST ACTIVE ISSUES, FEB. 20-26
ExchgVol(000s)HighLowCloseChangeNewmont Mng*N2188724.7123.1424.61+1.30…
Diamond hunt ignites Nunavut
The year 2001 presented some ups and downs for Nunavut’s mining industry, the most prominent being mine-closure announcements and a possible diamond rush.Last year, the Lupin gold mine, in the Northwe…
Operating costs take toll on Novicourt
Noranda’s (NRD-T) 62%-owned base metal subsidiary, Novicourt (NOV-T), turned in a subdued performance during the last three months of 2001.The junior producer posted net earnings of $600,000 (or 2 pe…
Province, feds disagree on Port Colborne risks
Health Canada and Ontario’s Ministry of the Environment are at odds over hazards faced by residents living in Port Colborne, Ont., near an old Inco refinery.Health Canada says the province may be unde…
GREATEST VALUE TRADED, FEB. 20-26
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Richmont edges into black (March 04, 2002)
Despite a $4.2-million writedown on its Nugget Pond mine in Newfoundland and a $1-million provision for site restoration in the second quarter, Richmont Mines (RIC-T) dramatically reversed course in 2…
Pan American Silver eyes Manantial Espejo (March 04, 2002)
Vancouver — The proposed Manantial Espejo silver-gold mine in Argentina has moved a step closer to reality following a deal that allows Pan American Silver (PAA-T) to earn a 50% interest.In August 20…
Sultan secures more ground near Kena
Vancouver — With a 1,500-metre drill program ready to go on its Gold Mountain zone, Sultan Minerals (SUL-V) continues to consolidate ground around the Kena property, near Ymir in southeastern British…
Insiders weigh in with private placements
Recent insider-trading transactions reported by the Ontario Securities Commission include the following:- Aurora Platinum (ARP-V) — Michael Winn, director, bought 27,600 shares at $2.82-3.29 to hold …
Trading Summary (March 01, 2002)
The Toronto Stock Exchange finished the week off by gaining 73.3 point to end at 7,710.8 on Friday. Leading the gai…
TVX stymied at Olympias
The Greek Conseil d’Etat, the country’s highest administrative law court, has ruled invalid and annulled permits al…