Semafo active on four fronts in West Africa
Following a break during the rainy season, Montreal-based Semafo (SMF-T) has begun exploring for minerals in four West African countries.In Niger, on the Samira-Libiri properties, the company is engag…
Articles by Northern Miner Staff
Teck to drill Argentine prospects
A first round of drilling on the Rio Grande joint-venture property in northwestern Argentina is to begin early in the new year.Teck (TEK-T), the operator, can earn an initial 55% interest in the prope…
Dayton to close Andacollo mine
Slumping gold prices and low production have forced Dayton Mining (DAY-T) to shut down the Andacollo mine in central Chile. The operation is held by Compania Minera Dayton, a wholly owned subsidiary.M…
Palladium sets record, takes NAP along for ride
The big news of the Dec. 6-12 report period was the surge in palladium prices. The metal, once again benefiting from uncertain Russian supplies, climbed $80 to a London record of US$935 per oz. on the…
Miners shine despite shaky gold
Denver — The Dow Jones industrial average posted three days of modest gains to finish the Dec. 6-12 report period on a positive note at 10,768.27, though the index was still off 130.45 points, or 1.2…
Correction (December 18, 2000)
In our Dec. 4-10 issue, we incorrectly stated that Niocan (NIO-T) has a right of first refusal on Teck’s (TEK-T) option to acquire a 25% interest in Niocan’s (NIO-T) Oka niobium project in Queb…
Aurora triumphs in flat western market
Vancouver — The Canadian Venture Exchange composite index remained flat over the report period ended Dec. 12, gaining just 9.5 points, or 0.3%, to finish at 2,912.89. The mining index rose 99.84 poin…
Orezone expands in West Africa
Junior Orezone Resources (ORZ-T) will explore the Ghanaian gold properties of Australian-based Dominion Mining.Orezone can earn a half-interest in the properties by spending US$2.5 million over four y…
River Gold slips deeper into red in latest quarter
Higher fuel and mining costs contributed to a quarterly loss for River Gold Mines (RIV-T).Losses in the three months ended Sept. 30 totalled $1.1 million (or 2 per share) on revenue of $8.4 million, …
Producer and Dealer Prices (December 11, 2000)
Antimony: Mid-mkt US$1,450/t.Bismuth: Mid-mkt US$3.85/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$13.25-15.00/lb.Copper: Comex March US$0.869/lb.
SouthernEra posts profit
Lower amortization costs translated into a modest profit for SouthernEra Resources (SUF-T) in the three months ended Sept. 30.Net earnings topped $701,000 (or 3 per share) on revenue of $5.1 million,…
Lottie Lake source eludes Hudson Bay
A short, 6-hole drill program by Hudson Bay Exploration & Development on the Lottie Lake sulphide prospect in central British Columbia has failed to find the source of high-grade copper boulders uncov…