Articles by Northern Miner Staff

Sideways-trading takes hold

Although several positive fundamental factors emerged from the U.S. during the report period April 23-27, these were offset by negative ones worldwide, such as weakening fundamentals in the Asian regi…



Exchange Rates (May 07, 2001)

CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 1April 30 April 27April 26April 25US$ in C$1.53381.53561.5417…


Market rally gathers steam

Denver — The Dow Jones industrial average chugged ahead, gaining 444 points, or 4.2%, in the April 25-May 1 report period to close at 10,898.34, its highest point since mid-February.Most issues were …


Golds picking up in quiet market

The report period ended May 1 was a quiet one for the Toronto Stock Exchange, with the TSE 300 composite index up fractionally at 7,946.33 points for a gain of 54.66 points, or 0.7% of value.What was …


AngloGold shines in quarter

Denver — A solid operating performance by AngloGold (AU-N) in the first quarter translated into income of US$43 million (or 40 per share), compared with a loss of US$18 million (16 per share) in th…


More stones at Fort la Corne

Based on results from last year’s bulk-sampling of two kimberlites at the Fort la Corne project in Saskatchewan, partners Kensington Resources (KRT-V) and De Beers Consolidated Mines (DBRSY-Q) are c…


De Beers offer sweetened

The bid by a group led by Anglo American (AAUK-Q) to take De Beers Consolidated Mines (DBRSY-Q) private has been raised by US$2 for the benefit of minority shareholders who were holding out for a bett…


Navigator options claims to Tahera

Diamond explorer Tahera (TAH-T) has optioned a small land package held by Navigator Exploration (NVR-V) near the Jericho project in Nunavut.Tahera can earn an initial 51% interest in the JH claims in …


Villagers approve resettlement plan

From a distance, the village of Rosia Montana in Romania’s Transylvanian Mountains epitomizes the pastoral tranquillity of rural Europe. A closer inspection reveals the scars of a repressive political…



Weak currencies hamper Homestake

Denver — Weakening of the Australian and Canadian dollars relative to the greenback forced Homestake Mining (HM-N) to post a first-quarter loss of US$12 million (or 5 per share).The loss is attribut…


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