Northern Miner Indices (May 28, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T19.3ComincoCLT-T5.1FalconbridgeFL-T6.7Franco-Nevada MiningFN-T6.3Freeport McMoRan Cop’r BFCX-N6.7Homestake MiningHM-N4….
Articles by Northern Miner Staff
Politics of self-destruction BC’s day of retribution
It was over before it began, as one former cabinet minister learned when he went door-knocking on behalf of the New Democratic Party (NDP) during the recent election campaign in British Columbia. “Peo…
News – 28-MAY-01
Luhala reveals more gold
Drilling by Tan Range Exploration (TNX-V) has led to the discovery of more gold mineralization at the Luhala property in Tanzania’s Lake Victoria Goldfields district.The prospect, called Shilalo South…
Drilling planned for Knife
A planned 5-hole drilling campaign on the newly discovered Knife kimberlite pipe, 80 km south of Coronation Bay in Nunavut, is aimed at delineating the size and internal structure of the body, while p…
Namco inks Leviev deal
With shareholder and regulator approvals, Namibian Minerals (NMR-T) has issued 37.7 million treasury shares to the Leviev Group of Israel to net US$15 million in proceeds.The deal brings to US$27 mill…
Sigma Mines goes deeper
Before the end of the year, Sigma Mines expects to extend its main operating shaft to a depth of 3,000 ft.Although still relatively shallow in comparison with other Canadian mines, the shaft will be t…
Majescor plans program for Wemindji
Field programs budgeted at $500,000 will explore promising kimberlite targets on the land holdings of Majescor Resources (MAJ-M). The properties are east of James Bay in northern Quebec.The Quebec Cit…
Shear cuts narrow dyke
Drilling by Shear Minerals (SRM-V) on the Aylmer Lake West property in the Northwest Territories has culminated in the intersection of a narrow kimberlite dyke.Three lake-based targets identified from…
Black Hawk retires debt
A 15% increase in gold production, coupled with a 24% reduction in cash operating costs, helped Black Hawk Mining (BHK-T) stay in the black during the first quarter of 2001.The company’s El Limon mine…
Rockwell unravels Pedra Branca puzzle
Fortaleza, Brazil — Some 250 km southwest of this busy port city, structural deformation has transformed one of the world’s largest layered mafic intrusive complexes into a geological puzzle, which, …
Low-cost gold mines: the new survivors
As the gold price rallies, only to sink again, the measure of a good gold project is less and less its production and more and more its operating margin. The need to make money in a small way is winni…