Tandem explores in Ungava region
Using funds provided by an American partner, Tandem Resources (TDM-M) has launched a surface exploration program at a diamond prospect at Abloviak Fiord, in the Ungava Bay region of northern Quebec.Th…
Articles by Northern Miner Staff
Agnico-Eagle reduces losses
Higher gold production and lower cash costs helped Agnico-Eagle Mines (AGE-T) trim its second-quarter loss to $1.1 million from $3.4 million a year earlier.The company’s LaRonde mine near Val d’Or, Qu…
Partners explore for diamonds
Having abandoned the search for elusive “prairie gold,” Tintina Mines (TTS-V) and NSR Resources (NSR-V) are exploring for diamonds on their jointly held land package in northern Alberta.The work progr…
Vannessa releases details of Las Cristinas deal (July 30, 2001)
Junior Vannessa Ventures (VVV-V) has purchased a 95% interest in the Las Cristinas gold project in Venezuela for a “nominal” amount of cash and the assumption of the project debt owed to vendor Placer…
Twin recovers 1-carat stone from Baffin Island
Twin Mining (TWG-T) has recovered several commercial-size stones, including one weighing one carat, from test pits on the Freightrain kimberlite prospect at Baffin Island in Nunavut.This past spring, …
Drilling a bust at LDG
Drilling by De Beers Canada Exploration on the LDG (formerly Thor) property in the Northwest Territories failed to intersect kimberlite.Three targets were drilled on the basis of till sampling and gro…
Full steam ahead at Diavik mine
Construction of what will be Canada’s second diamond mine is in full swing at a time when the nation’s diamond industry is marking the 10th anniversary of Chuck Fipke’s monumental discovery.London-bas…
Homestake books new reserve at Veladero
Further drilling by operator and 60% owner Homestake Mining (HM-N) at the Veladero property in the Argentine Andes has nearly doubled gold reserves and upped silver reserves by 60%. But engineering wo…
Halmahera project put on the shelf
Vancouver — Political uncertainty in Indonesia has come home to roost for prospective nickel laterite miner Weda Bay Minerals (WDA-T).The company has suspended work on its nickel and cobalt project o…
GREATEST VALUE TRADED, JULY 18-24
ExchgVal($000s)HighLowCloseChangeAlcoa*N54078142.0036.6037.23-2.16…
Spot Prices Wed. July 25, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$269.25+$1.15Silver$ 4.26+$0.02Platinum$502.00-$…
Inmet profitable in Q2
Better operating results but poorer metal prices combined to keep second-quarter earnings at Inmet Mining (IMN-T) roughly the same as in 2000. For the three months ended June 30, the copper and gold p…