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…
Articles by Northern Miner Staff
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…
Minera Andes drills in southern Argentina
A drilling crew dispatched by Minera Andes (MAI-V) has completed a 10-hole program at the Huevos Verdes gold-silver target on the Cerro Saavedra property in southern Argentina’s Santa Cruz province.Re…
Apex snares financing for San Cristobal
Two of the world’s major lending agencies have agreed to help finance the San Cristobal silver-zinc project of Apex Silver Mines (SIL-X) in southwestern Bolivia.The agencies are International Finance …
Band-Ore intensifies drilling near Wawa
While awaiting assay results from drilling programs on two of its Ontario properties, Band-Ore Resources (BAN-T) has begun drilling on a third.At the GQ diamond property, near Wawa, Ont., three short …
PGM at high demand
Rising demand and uncertainty over Russian supplies are evoking primary producers of platinum group metals to expand production at an unprecedented rate.Plagued by archaic technology and having only l…
Partners outline 500,000-tonne resource at Mel deposit
Partners Inco (N-T) and Nuinsco Resources (NWI-T) have released a mineral resource estimate of 550,000 tonnes grading 1.69% nickel for the Mel deposit in what is considered to be a dislocated part of …
Production stops at Grasberg after fatal accident
Freeport-McMoRan Copper & Gold (FCX-N) has agreed to cut back on production at its 85%-held Grasberg copper-gold operation in Indonesia pending the investigation of a waste-pile accident that killed f…
Northern Miner Indices (May 29, 2000)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick Gold…
Continuity confirmed at Luicho project
A combination of underground and cliff rock chip-sampling by Pacific Rim Mining (PFG-T) has confirmed the lateral and vertical continuity of mineralization on the Luicho gold project in southern Peru….
Niger poised for mining growth
Niger’s emergence on the mining radar screen owes much to the efforts of Etruscan Resources (EET-T), a junior exploration company based in Dartmouth, N.S.In April, the country’s prime minister, Hama A…