Survey says platinum could reach surplus
The amount of newly refined platinum, palladium and rhodium entering the market is expected to rise sharply this year, owing mostly to expanded production at many South African operations.Meanwhile, t…
Articles by Northern Miner Staff
Northern Miner Indices (July 16, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.8ComincoCLT-T4.9FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.3Freeport McMoRan Cop’r BFCX-N5.0Homestake MiningHM-N6….
Producer and Dealer Prices (July 16, 2001)
Antimony: Mid-mkt US$1,080/t.Bismuth: Mid-mkt US$3.75/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$9.00-10.50/lb.Copper: Comex Sept. US$0.718/lb.Indium: In…
Freegold buys rest of Almaden, options Alaskan prospect
An agreement with BakBone Software allows International Freegold Mineral Development (ITF-T) to boost to 100% its interest in the Almaden gold project in Idaho.Freegold previously held a 60% stake in …
Edwards mine hits a dry spell (July 16, 2001)
Low gold prices and dwindling reserves have put the kibosh on the Edwards gold mine in north-central Ontario, though River Gold Mines (RIV-T) says it may resume deep exploration once prices improve.In…
DiamondWorks resumes work
In Sierra Leone, DiamondWorks (DMW-T) has resumed exploring the two kimberlite pipes that make up the Koidu project.As a first step, the Vancouver-based company met with government officials to re-con…
UK gold auction gives producers a lift
Hammered by poor showings in the industrial products sector, the Toronto Stock Exchange 300 index tumbled 189.63 points over the five trading days to end the July 4-10 period at 7,558.69.Gold dropped …
Gold hangs on as market teeters
Denver — The Dow Jones industrial average fell 472.36 points, or 4.4%, to 10,175.64 in the U.S. holiday-shortened report period ended July 10, amid warnings of poor second-quarter earnings. The Nasda…
CDNX continues summer slump
Vancouver — Only the mining index was able to post a small gain over the report period July 4-10 as all other indices slumped. The Canadian Venture Exchange composite index slid 54.74 points, or 1.7%…
Eldorado revises mine forecast
A Brazilian government decree limiting the use of electricity has forced Eldorado Gold (ELD-T) to modify its production forecast at the Sao Bento mine.Situated in Minas Gerais state, the mine is now e…
Anatolia Minerals cuts more gold in Turkey
Denver — Partners Anatolia Minerals Development (YMC.U-V) and Rio Tinto (RTP-N) are pleased with preliminary results from exploration drilling at the Cukurdere project in central Turkey.Two more hole…
Ocampo reveals more gold, silver (July 16, 2001)
Drilling at the Ocampo silver-gold project in Mexico continues to yield encouraging results for Gammon Lake Resources (GAM-T).Among the latest holes drilled is UGD-13, which returned 633 grams silver …