Trading Summary (February 18, 2002)
The Toronto Stock Exchange’s gold issues continued lower on Monday dropping 84.42 points or 1.4% to 5,994.56. The b…
Articles by Northern Miner Staff
Getchell pushes placer into red
Vancouver — Placer Dome (PDG-T) posted a US$29 million profit during the fourth quarter, but US$301 million in wri…
TNR joins NovaGold in Alaska
Vancouver — Focusing on completing a full feasibility study over the 13-million-oz. Donlin Creek gold deposit, Nov…
Partners agree to nuptials in Nunavut
Equal partners Miramar Mining (MAE-T) and Hope Bay Gold (HGC-T) have agreed to combine the two companies via a prev…
Golden Phoenix nixes Borealis deal
Citing issues that arose during its due diligence, Golden Phoenix Minerals (GPXM-O) has rescinded the letter agreem…
Newmont wraps up Franco acquisition
Newmont Mining (NEM-T) announced on Sunday that it has wrapped up one prong of its proposed three-way merger deal b…
Croesus eyes more ground
Vancouver — International Croesus Ventures (ICU-V) has inked a letter-of-intent with Golden Temple Mining (GTM-V) to buy seven massive sulphide properties in Mexico.The deal covers all of Golden Temp…
Renewed interest in BC
British Columbia’s Liberal government demonstrated its commitment to mining by improving and harmonizing the 20% B.C. Exploration Tax Credit with the federal Exploration Investment Tax Credit. The pro…
Tanzanite-terrorism link questioned
Several parties involved in the tanzanite trade are attempting damage control after reports surfaced that the gemstone was being used to fund terrorist activity.The group representing major stakeholde…
Mining operations keep Inmet profitable
Buoyed by operating earnings from all three of its mines, Inmet Mining (IMN-T) closed the year with a net profit of $18.9 million (44 per share) on revenue of $106.8 million.The figure was a substant…
Extraordinary items
It was a scandal when, five years ago, some divisions of the American optical manufacturer Bausch & Lomb (the makers of Ray-Ban shades) were discovered to have been booking orders as revenue. Heads ro…
Prospecting in Wekusko, Part 2
In the fall of 1955, my prospecting partner, Einar Sanden, and I transported a diamond drill rig to the east shore of Crowduck Bay in northern Manitoba to explore a new lithium prospect. I had the tem…