Wolfden cuts high grade at East Bay
Vancouver — The first four holes of an ongoing, 10,000-metre drill program on the East Bay property in northwestern Ontario have returned encouraging values.Partners Wolfden Resources (YWO-V) and Pla…
Newmont Mining Corporation
Northern Miner Indices (March 17, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T19.5%CamecoCCO-T3.1%FalconbridgeFL-T4.0%Freeport BFCX.B-N5.7%Glamis GoldGLG-T3.3%GoldcorpG-T5.4%IncoN-T9.0%Meridian GoldMNG-T…
Week-long dive on US markets
Things started badly on U.S. stock markets in the trading period March 5-11, and got steadily worse. The Dow Jones Industrial Average fell 180.81 points to 7,524.06, a loss of 2.3%, while the Standard…
Metallic chases Nevada high grade
Determined to achieve mid-tier producer status in a few years, Reno-based Metallic Ventures (MVG-T) is exploring three advanced-stage gold projects in Nevada.Chief among these is the historic Esmerald…
Barrick shows grassroots prowess with Peruvian find
A new emphasis on grassroots exploration paid off for Barrick Gold (ABX-T) in 2002 with the discovery of the 9.5-million-oz. Lagunas Norte gold deposit at Alto Chicama in northern Peru.Barrick jump-st…
Goldcorp buys into Madison
Vancouver — Cash-rich Goldcorp (G-T) has taken a 6.9% equity stake in junior Madison Enterprises (MNP-V).Through a private-placement, the Red Lake gold producer purchased 5 million units of Madison a…
Barron’s mugs Royal Gold
An exceedingly negative story about Royal Gold in the March 1 edition of Barron’s knocked a painful $6 off the gold royalty company’s shares, which dipped below US$14 before recovering to US$15.46 at …
Gold’s recovery lands Placer Dome in the black
Vancouver — Higher gold prices helped Placer Dome (PDG-T) generate sizable earnings in 2002, though US$40 million of unforeseen charges soured the profit margin in the fourth quarter.The company earn…
Northern Miner Indices (March 03, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T19.5%CamecoCCO-T3.1%FalconbridgeFL-T4.0%Freeport BFCX.B-N5.7%Glamis GoldGLG-T3.3%GoldcorpG-T5.4%IncoN-T9.0%Meridian GoldMNG-T…
Golds slip in bouncy trading
U.S. markets had a bouncy week, with the Dow Jones Industrial Average covering a 150-point spread in the report period Feb. 19-25, before settling at 7,909.50. The golds were down and the base metal p…
Diamonds among best bets for ’03
The Northern Miner asked several followers of the junior mining sector for their recommendations and predictions for 2003. Last week we heard from John Kaiser and Donald Poirier. This week, James Must…
Russian subsidiary powers High River
High River Gold Mines’ (HRG-T) attributable gold production grew by more than 43,000 oz. in 2002, thanks to an increased stake in its Russian subsidiary, Buryatzoloto.High River boosted its position i…