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Eugne Gauthier, Northern Star's vice-president of exploration, stands over the opening of the Malartic Goldfields shaft no. 1.

Northern Star Mining on target in Abitibi

Val d’Or, Que. — Northern Star Mining (NSM-V) is working steadily toward defining a gold resource that will revive the historic Malartic Goldfields mine property, 16 km west of here, and its goal is closer with each positive dr…


Minmetals deal unfairly funded

This is the second of two parts taken from a paper titled China Minmetals and Noranda: A Backdoor Nationalization Process of Canada’s Natural Resources? Part one was published in the Dec. 10-16 issue of The Northern Miner. The paper was written an…


‘Tis the season for volume trading

The report period Dec. 8-14 saw the price of gold fall US$14.70 to close at US$437.10 per oz. in the afternoon in London. The gold index managed to hold its own and fell a mere 0.19 of a point to close at 209.11, and the diversified metals and min…


Precious metals drop, juniors twitch

A significant decline in precious metal prices over the week took the wind out of the junior resource market. The S&P-TSX Venture Composite Index closed at 1,721.79 for the week Dec. 8-14, up slightly from previous week’s close of 1,712.19, but no…


Gold pour at El Sauzal

Glamis Gold (GLG-T) has poured a first gold bar at its El Sauzal mine, 250 km southwest of the Mexican city of Chihuahua.


Richmont takes reins at Island Gold

Vancouver — A positive resource estimate has induced Richmont Mines (RIC-T) to acquire a majority interest in the Island Gold project in Ontario from Patricia Mining (PAT-V).


Placer Dome sees higher costs in 2005 (December 20, 2004)

Vancouver — Placer Dome (PDG-T) predicts higher production costs for its gold and copper operations in 2005, owing to a weak U.S. dollar, and only a slight increase in metal production. However, strong gold and copper prices sh…


CEO exits as OntZinc prices offering

The equity offering to finance OntZinc‘s (OTZ-V) purchase of Hudson Bay Mining & Smelting will raise up to $143.8 million, following agreements with a syndicate of seven investment houses.


End of an era in BC

Nov. 30 was the last day to stake a mining claim in British Columbia. After January 2005, all mining properties will be acquired online via the Internet.


Jeanette Lourim

Jeanette Lourim, principal of Toronto-based geological consulting firm Jeanette Lourim & Associates, has died as a result of complications from a long-term illness. She was 62.



Miner shows ‘immaturity’

You have compromised your integrity and values following the irrational rant regarding the China conference in Beijing in mid-November (T.N.M., Dec. 3-9/04).


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