Spot Prices Wed. April 18, 2001 (April 30, 2001)
Precious MetalsPrice (US$/oz.)ChangeGold$263.95+$3.85Silver$ 4.44+$0.12Platinum$606.00-$…
Articles by Northern Miner Staff
The Northern Miner — North American Mining Index (April 30, 2001)
72.49 (+1.43)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (April 30, 2001)
47.90 (+1.34)(Sept. 30/98 = 100)…
Interest payments take toll on Northgate
Vancouver — Despite higher production and lower cash operating costs at its Kemess mine in northern British Columbia, Northgate Exploration (NGX-T) used red ink on its 2000 balance sheet.The company …
Final bells ring on takeovers
Sherritt International (S-T) and the Labrador Iron Ore Royalty Income Fund (LIF.UN-T) emerged victorious in the industry’s two most recent takeover battles.Sherritt and its partner, the Ontario Teache…
Strike clips Falco’s wings
The good times did not last long for Falconbridge (FL-T), which barely squeaked out a profit in the first quarter.Pinning the blame on falling metal prices, a strike in Sudbury and production difficul…
IMA aims drills at Argentine gold prospect
Vancouver — IMA Exploration (IMR-V) is advancing the Mogote copper-gold property in northwestern Argentina, following recent reconnaissance work.The 80-sq.-km property is 70 km north of the Pascua an…
Greed drives ‘self-financing’ war Vultures descend on DRC
It has become trendy to blame globalization and the “corporate agenda” for the world’s ills, but when it comes to human misery, even the vilest industry captain would be left in the dust by some of th…
News – 30-APR-01
NovaGold sells assets
Denver — To fund exploration on its recently acquired Donlin Creek gold deposit, in southwestern Alaska, NovaGold Resources (NRI-T) has liquidated several non-core assets.The company sold commercial …
PEOPLE (April 30, 2001)
Black Bull — Jack Hartery appointed director.Cons. Oasis — John Buckle and Andre St-Michel appointed directors.Stratabound — Daniel Hrushewsky appointed VP.Kalimantan Gold…
Temagami has diamond potential: OGS
Stream sediment-sampling by the Ontario Geological Survey (OGS) has uncovered new targets for diamond exploration in the area of Temagami and Marten River, northwest of North Bay.The survey outlines s…