NAP bumps up reserves
North American Palladium (PDL-T) has blocked out 17% more palladium ore at its Lac des les palladium mine in northwestern Ontario.The mine now boasts a reserve of 96.2 million tonnes grading 1.55 gra…
Articles by Northern Miner Staff
Campbell, MSV, GeoNova plan merger
Three struggling juniors active in the Chibougamau region of northern Quebec — Campbell Resources (CCH-T), MSV Resources (MSV-T) and GeoNova Explorations (GNE-M) — have reached a preliminary…
Revival planned for CanTung mine
Armed with funds provided by two end-users of tungsten, North American Tungsten (NTC-V) is aiming to revive the dormant CanTung mine in the Northwest Territories, near the Yukon border.The Vancouver-b…
Haileybury to open ‘rock garden’
The town of Haileybury, Ont., about 100 km northwest of North Bay, never promised the world a rose garden, but it will soon make good on its promise of a rock garden.In mid-July, the Haileybury School…
Loonie, gold, 300 index fall in tandem
Casting a shadow over the market, sellers outpaced buyers to knock 306.95 points off the TSE 300 index during the March 28-April 3 report period. The benchmark ended the week 4% lighter, at 7,444.38.P…
Mining index flat as CDNX remains mired
Vancouver — The Canadian Venture Exchange finished the report period ended April 3 down 80.5 points, or 2.7%, at 2,908.21. The mining index followed suit, losing 72.9 points to close at 6,001.8, off …
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Romarco sells Nevada assets
Denver — Romarco Minerals (R-T), a former high-flying junior based in Nevada, has sold its exploration assets to privately owned Metallic Ventures.Romarco’s main asset is the Goldfield project in sou…
Metal Prices (April 09, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateApril 3April 2March 30March 29March 28Aluminium1455…
Silver Standard picks up mine
Vancouver — Silver Standard Resources (SSO-V) plans to move ahead with the purchase of Kinross Gold’s (K-T) past-producing Candelaria silver mine in western Nevada.The junior will pay $100,000 and is…
Vista writes down asset
Denver — Low gold prices have forced Vista Gold (VGZ-X) to write down the value of the Amayapampa property in Bolivia, resulting in a net loss for the year of US$13.2 million (or 15 per share).The l…
Mining mergers assume ‘victim or vulture’ theme
As mining deals get bigger and the pace of consolidation accelerates, the emerging trend might best be described as “victim or vulture,” says London-based analyst Jack Jones of CIBC World Markets.”Thi…