Ford takes writedown on PGM stockpile
Ford, the world’s second-largest automaker, has taken a US$1-billion writedown on its inventory of platinum group metals used in catalytic converters. The measure is part of an overall US$5.7-billion …
Articles by Northern Miner Staff
CDNX bucks the downward trend
Vancouver — Canada’s junior exchange bucked the trend set by the major bourses and posted modest gains during the week ended Jan. 15. The Standard & Poor’s-CDNX composite tacked on 3.79 points, or 0….
AngloGold extends bid to sway more shareholders
Unwilling to concede defeat, AngloGold (AU-N) is extending the expiry date of its takeover offer for Normandy Mining (NDY-T) as U.S. and Australian regulators give the go-ahead to rival suitor Newmont…
Correction (January 21, 2002)
In our Jan. 14-20 issue, we reported Valerie Gold had bought 5.3 million shares of Sultan Minerals, 5.1 million shares of Emgold Mining and 3.2 million shares of Cream Minerals. These are actually the…
Gold Funds (January 21, 2002)
Gold Funds as of January 10, 2002Dundee Precious MetalsCentral FundNet Value$15.00$5.86Price$10.05$5.73…
Spot Prices Wed. January 16, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$287.95+$8.60Silver$ 4.67-$0.08Platinum$476.00+$…
KEGS hosts short course
The Canadian Exploration Geophysical Society (KEGS) will host a short course during the week of the annual convention of the Prospectors & Developers Association of Canada.The course, titled “Hardrock…
Trading Summary (January 18, 2002)
The Toronto Stock Exchange fell today on almost all fronts, with only the pipeline stocks gaining ground. The TSE 3…
AngloGold retreats from Normandy war
AngloGold (AU-N) has withdrawn from the battle for Normandy Mining (NDY-T), leaving a victory path wide open for ri…
Ashton finds more diamonds in Artemisia (January 18, 2002)
Vancouver — The newly discovered Artemisia kimberlite pipe in Nunavut continues to yield promising microdiamond co…
BC regional mining offices to close
Vancouver — British Columbia’s Ministry of Energy and Mines will cut 106 positions and eliminate the prospectors a…
Campbell closes Joe Mann financing (January 18, 2002)
Taking another big step towards resuming commercial operations at the Joe Mann gold mine in Quebec, Campbell Resour…