South Pond drilling comes up nearly empty
A small drilling program at the South Pond copper-gold property in south-central Newfoundland has returned disheartening results for Celtic Minerals (CME-V).Seven core holes totalling 1,236 metres wer…
News
Mine Show awaits reclamation
The Great Canadian Mine Show, a mobile arcade that allows visitors to experience mining vicariously through interactive technology, owes its creditors $150,000.The debt is being shouldered by the Elli…
Canadian group nominated for Nobel prize
Three members of the U.S. Congress have nominated an Ottawa-based organization to share in the 2003 Nobel Peace Prize for its work against “blood diamonds” in Africa.Ottawa-based Partnership Africa Ca…
Storliden mine approaches startup
A few months later than expected, the ramp at the Storliden copper-zinc project in northbern Sweden has reached its destination, stretching 960 metres to provide access to the 1.8-million-tonne deposi…
Goldcorp doubles shares
Shareholders have given the go-ahead for Goldcorp (G-T) to double its number of outstanding shares to just over 165 million.The 2-for-1 split was approved by 99.7% of the shareholders who voted, repre…
Moosehead remains elusive
A small drill program, designed to test electromagnetic anomalies at the Moosehead property in central Newfoundland, has ended in disappointment for Altius Minerals (ALS-V) and Sudbury Contact Mines (…
Higher output pares loss at Pan American
With its Huaron mine in Peru and La Colorada mine in Mexico now in production, Pan American Silver (PAA-T) saw its annual revenue increase 25% in 2001. The company posted a net loss for the year of US…
Anglogold joins Rimfire
Vancouver-based Junior Rimfire Minerals (RFM-V) has inked two deals allowing Anglogold (AU-N) to earn up to a 70% stake in the Eagle and ER-Ogo-Fire properties in east-central Alaska.The major can ear…
Rio Narcea raises funds
Alberto Lavandeira-led Rio Narcea Gold Mines (RNG-T) has completed a private placement of 8 million special warrants priced at 80 each.Haywood Securities acted as agent for the placement and subscrib…
Spot Prices Wed. March 27, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$297.50+$4.80Silver$ 4.64+$0.12Platinum$516.00+$…
Northern Miner Indices (April 01, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningNMC-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mini…
US gold producers rise to the occasion
The Dow Jones Industrial Average had an anything-but-average week, shedding 2.7% to finish the March 20-26 period at just over 10,353 points. The Standard & Poor’s 500 was also down an equivalent perc…