Articles by Northern Miner Staff
Gold paying the price of past hoarding
It was a nice two weeks, but gold faded back to US$265 per oz. as though it had never seen US$280. Gold lease rates, which went up — gasp! — half a point, are back near 2%. Nothing seems to move the…
Poised for recovery
Natural Resources Canada has completed its annual report on trends in Canadian mineral exploration.The mineral exploration sector experiences cycles that last about 10 years. Past lows in exploration …
Canaccord hosts gold seminar
Robert Buchan, president of Kinross Gold, and Anthony Walsh of Miramar Mining will speak at a seminar on precious metals, to be held June 21 at the Toronto Board of Trade.Canaccord Capital is sponsori…
Aylmer Lake find proves diamond-bearing
A narrow kimberlite dyke discovered during spring drilling on the Aylmer Lake West property in the Northwest Territories has yielded an encouraging number of microdiamonds.A 1.6-metre-thick interval o…
Copper and zinc test new lows
The base metals market deteriorated further during the report period June 4-8. Only the performance of tin, the average cash price of which gained 3% on aggressive fund buying, saved it from an across…
Majescor chases diamond deposits in northern Quebec
Exploration for a specific mineral will sometimes lead to the discovery of an entirely different commodity, as happened in the mid-1990s, at Voisey’s Bay, Labrador, when two prospectors found a world-…
First Quantum closes financing
Vancouver-based First Quantum Minerals (FM-T) has done what few seem able to do these days: raise millions of dollars on the market.The company issued 8.7 million shares at $4.05 apiece, for gross pro…
The Northern Miner — North American Mining Index (June 18, 2001)
76.62 (-2.24)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (June 18, 2001)
56.86 (-1.27)(Sept. 30/98 = 100)…
GOLD FUNDS (June 18, 2001)
Gold Funds as of June 7, 2001Dundee Precious MetalsCentral FundNet Value$13.55$5.14Price$9.65$5.00…
Anglo finances project
A unit of Anglo American (AUUK-Q) has allocated $1.1 million for ongoing work at Karmin Exploration’s (YKA-V) Aripuana massive sulphide project in Brazil’s Mato Grosso state.Previous work focused on t…