Int’l Annax cuts massive sulphides at Dairi
Vancouver — Drilling at the Dairi massive sulphide project in Indonesia has yielded more encouraging grades for International Annax Ventures (iax-v).Hole 44D, collared 3 km northwest of the Anjing Hi…
Articles by Northern Miner Staff
Correction (January 01, 2001)
In our Investment Commentary (T.N.M., Dec. 18/00), Glenn Brown of Haywood Securities was incorrectly identified as the author of an analyst’s report on Mansfield Minerals (MDR-V).The report was writte…
Producer and Dealer Prices (January 01, 2001)
Antimony: Mid-mkt US$1,350/t.Bismuth: Mid-mkt US$4.00/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$12.70-14.25/lb.Copper: Comex March US$0.8625/lb.Indium: …
National Gold deals for Salamandra gold project
Vancouver — Junior National Gold (NGT-V) has inked a $10.5-million deal with Placer Dome (PDG-T) and Kennecott Minerals to pick up the 3.4-million-oz. Mulatos deposit in Mexico’s Sonora state. Kennec…
Fire closes Cassiar mill
Cassiar Magnesium (CIR-T) has suspended production of chrysotile fibre products at its mill in Cassiar, B.C., because of fire damage.The full extent of the damage is not yet known and the company does…
Altius options Tally Pond
Altius Minerals (ALS-V) has acquired an option to earn a 100% interest in the South Tally Pond property in central Newfoundland from Noranda (NOR-T).The 47.5-sq.-km property covers the southern quarte…
Orval Gillespie
Orval Gillespie, chairman and chief executive officer of Vancouver-based Globaltex Industries, has died. He was 69.In the 1950s, Gillespie first worked as a diamond driller in the Maritimes and then m…
Royal secures US$10m
Denver — Royal Gold (RGLD-Q) has reached an agreement with HSBC Bank USA for US$10 million in financing. The funds will be used to acquire royalty assets.The financing will be secured by a mortgage o…
Porcupine Reef posts banner year
For Porcupine Reef Gold Mines, 1950 was not just a good year; it was its best year ever.The mine owes much of its success to the recovery of higher-grade ore during the past 12 months. Porcupine avera…
Deregulation would boost Chinese gold consumption
Gold consumption in China could triple if deregulation is approved, according to a research report commissioned by the London-based World Gold Council (WGC).The report, titled China’s Gold Market Refo…
Gold stages comeback, palladium touches new high
In another strong display of staying power, gold jumped US$4.50 over the holiday-shortened Dec. 20-26 report period, adding to a 25 gain in the previous week. The yellow metal, which was fixed at US$…
Spot Prices Wed. December 27, 2000Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$274.70+$4.50Silver$ 4.63+$0.02Platinum$610.00+$7.00Palladium$972.00+$39.00Base MetalsPrice (US$/lb)ChangeNickel$ 3.23 $0.00Lead$ 0.22+0…