Central bank sales depress gold yet again
Central bank selling has once again rocked gold markets, causing the yellow metal to slip $8.10 during the Dec. 1-7 report period and land at US$283.30 per oz. on the London morning fix of Dec. 8.On D…
Articles by Northern Miner Staff
Rough ride for gold
Denver — Fallout from the Bank of England’s gold auction, combined with a decision by the Dutch government to sell 300 tonnes of gold, sent the market on a roller-coaster ride for the report period e…
CDNX bullish after first week jitters
Vancouver — After stumbling out of the starting gate last week, the new Canadian Venture Exchange (CDNX) index managed to gain some momentum, posting a gain of 46.93 points, or 2.4%, to finish the we…
Northern Orion restructures debt with Miramar’s help
Vancouver — Northern Orion Explorations (NNO-T), further in the red following a series of writedowns attributed to its Mantua gold operation in Cuba, has arranged a refinancing with parent Miramar Mi…
EVENTS (December 13, 1999)
Jan. 23-24 Cambridge House Int’l — “Vancouver Investment Conference.” Hotel Vancouver, Vancouver, B.C. Phone: (604) 227-7722.Jan. 25-28 B.C. & Yukon Chamber of Mines — “Cordilleran Geology and Explo…
Superconductors race with silver
Electric power losses in heavy-duty motors caused by resistance in wires is a major problem for utility companies and consumers. These losses amount to nearly 60% of total power consumption and requir…
Grasberg mine transforms Irian Jaya
Vancouver — There is no denying the impact the Grasberg operations have on the East Indonesian province of Irian Jaya. Operated by Freeport-McMoRan Copper & Gold (FCX-N) through its 85.87% ownership …
Miramar buys into Hope Bay project
Vancouver — Vancouver-based Miramar Mining (MAE-T) has inked a deal with Cambiex Exploration (CBX-T) to acquire a half-interest in the Hope Bay gold project in Nunavut.Miramar currently operates the …
Tandem drills Tilly Lake
Toronto-based Tandem Resources (TDM-M) has begun drill-testing showings of copper, gold and silver at its Tilly Lake property in northwestern Ontario.The showings occur in a 300-metre-long-by-30-metre…
Hornby Bay ponders JV
Junior Hornby Bay Exploration (HBBY-C) is courting three unnamed companies to evaluate the diamond potential of 210,434 ha it holds in western Nunavut.Overseeing the discussions is newly appointed boa…
Emotions drive protest
Trade unionists were there to protect good-paying jobs and to protest against companies moving their operations to countries with cheap labour. Environmentalists were there to protect sea turtles and …
Ontario prospectors lament loss of grants
The cancellation by the provincial government last month of the Ontario Prospectors Assistance Program (OPAP) has drawn mixed reactions from grassroots explorers. Some prospectors see the withdrawal o…