Canadian Royalties proves up Expo-Ungava deposit
Vancouver — The discovery of platinum-palladium mineralization associated with previously identified copper-nickel prospects has triggered renewed interest in the Ungava ultramafic belt of northern Q…
Articles by Northern Miner Staff
The Northern Miner – North American Mining Index (November 05, 2001)
66.45 (+1.74)(Sept. 30/98 = 100)…
The Northern Miner – Small Producers Index (November 05, 2001)
45.83 (+0.44)(Sept. 30/98 = 100)…
Gold Funds (November 05, 2001)
Gold Funds as of October 25, 2001Dundee Precious MetalsCentral FundNet Value$13.23$5.35Price$9.05$5.49…
Good quarter for Dia Met
Higher production from the Ekati diamond mine in the Northwest Territories and sharply lower interest expenses have meant a near-doubling in earnings for Dia Met Minerals (DMM-T).The company posted ne…
Kikerk find yields stones
A kimberlite discovery at the Kikerk Lake property in the north Slave Craton region of Nunavut has returned a significant number of microdiamonds.Ashton Mining of Canada (ACA-T) unearthed the Potentil…
LME Warehouse Levels (November 05, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 30/01 (change from Oct. 23 in brackets):Metalstock (tonnes)ChangeAluminium700175…
Geita powers Ashanti
Ghana-based Ashanti Goldfields (ASL-N) saw its profits nearly double during the third quarter, thanks in part to increased production at its 50%-owned Geita mine in Tanzania.Earnings totalled US$14.5 …
Getchell drags down Placer (November 05, 2001)
Vancouver — A US$292-million writedown on the Getchell mine, near Winnemucca, Nev., pushed North America’s fourth-largest gold miner deep into the red during the third quarter.The one-time charge cau…
Barrick earnings slip
Lower production and higher costs combined to reduce third-quarter earnings for Barrick Gold (ABX-T).Net earnings topped US$66 million (or 17 per share) in the three months ended Sept. 30, US$20 mill…
Newmont banks on strong second half (November 05, 2001)
Vancouver — North America’s largest gold producer has tabled a solid third-quarter profit on the back of improved sales and a strong contribution from its Batu Hijau copper-gold mine in Indonesia.New…
NovaGold hits highest grades yet at Donlin
Vancouver — California-based NovaGold Resources (NRI-T) continues to pull high-grade intercepts from the Acma zone of the Donlin Creek deposit in Alaska.Situated 480 km west of Anchorage, Donlin Cree…