Nickel slips as Inco averts workers’ strike
Unable to catch a break these days, gold ended the May 24-30 report period at its lowest level in eight months. However, the yellow metal regained some strength overnight, being fixed at US$272.25 per…
Articles by Northern Miner Staff
South Malartic tables Croinor prefeasibility
Junior South Malartic Exploration (MSU-M) has released the results of a prefeasibility study on the Croinor gold project, 75 km from Val d’Or, Que.The study, conducted by MRB & Associates, was based o…
Wayside undergoes operational audit
Shareholders have finally learned why trading in International Wayside Gold Mines (IWA-V) has been halted since May 11.Officials of the Canadian Ventures Exchange cite the need for an operational audi…
Drilling reveals new zone at Hope Bay
Infill drilling at the Hope Bay gold project, in Nunavut, has discovered a new zone of mineralization for equal partners Miramar Mining (MAE-T) and Cambiex Exploration (CBX-T).Dubbed Stringer, the zon…
Taror prefeasibility nears completion
Depressed gold prices and lower production translated into a 1999 loss for Nelson Gold (NLG-T).Net losses totalled US$1.5 million on revenue of US$13 million, compared with US$66.64 million on US$18 m…
50 YEARS AGO – JUNE 1950
The movement to bring the Labrador-New Quebec iron deposits into production has received a big push from the the U.S. partners of Hollinger Consolidated. The partners will finance a large portion of t…
Monopros cuts new AK-CJ kimberlite
Drilling at the AK-CJ diamond property in Canada’s Northwest Territories has cut a new kimberlite body while expanding the limits of the Hearne pipe, reports Mountain Province Mining (MPV-T) and Camph…
NEWS ROUNDUP (May 29, 2000)
Globex Mining Enterprises (GMX-T) has acquired a 100% interest in a nickel-platinum group metals property in La Motte Twp., 20 km north of Malartic, Que.The property includes the Bilson-Cubric nickel …
Producers mixed as gold takes a tumble
Gold took the spotlight in the May 17-23 report period, slipping 95 to a London morning fix of US$273.90 per oz. on May 24. This marks the second consecutive week in which the yellow metal has tumble…
CDNX sinks in stormy seas
The Canadian Venture Exchange index sank 124.24 points, or 3.6%, to close at 3,315.33 for the report period ended May 23. Only the oil and gas index managed to stay afloat, posting modest gains, while…
MOST ACTIVE ISSUES, May 17-23
ExchgVol(000s)HighLowCloseChangeAlcoa*N 7707 66.31 61.88 61.94 – 5.00…
Summo confirms SE Extension
An ongoing 50-hole drill program by Summo Minerals (SMA-T) on the SE Extension copper oxide deposit in southeastern Utah has so far extended the deposit for at least 2,200 ft.The program covers a 2,20…