News

Mining equities fall to earth

The mining sector took a beating over the report period Oct. 13-19, even as the broader market settled only slightly. The TSX composite index fell 65.33 points to 8,720.53.


Pacific Rim finito at La Calera

Vancouver — Pacific Rim Mining (PMU-T) has terminated its option on the La Calera gold project in El Salvador after most of the 39 holes it drilled this year turned out to be duds.



Migoro resource tops 1m oz. gold

Vancouver — The Migoro gold deposit in southwestern Kenya contains about 1.2 million oz., or 65% more than previously thought, according to an independent estimate.


At the lonore gold project in the James Bay Lowlands: (From left) Jean-Franois Ouellette, president of Services Techniques Gonordique (STG); Franois Huot, a consultant with Go-conseils; Virginia Gold Mines Geologist Melanie Tremblay; Virginia's vice-president, Paul Archer; Alain Cayer-Projet, a geologist with STG; and Michel Chapdelaine, Virginia's senior supervising geologist.

Virginia improves Roberto

Virginia Gold Mines (VIA-T) has intersected significant gold at its lonore property, 320 km north of Matagami in the Opineca reservoir area of Quebec’s James Bay region.



Fraudulent Fortune, part 1

The following is the first of two exclusive excerpts from Fraudulent Fortune, a fictional work privately published in 2003. The author is a geologist and staff writer with The Northern Miner. The 233-page paperback version costs $10 plus shipping…


Laurentian to offer natural resources PhD

Beginning in January 2005, Laurentian University in Sudbury, Ont., will offer students a doctorate degree in natural resources, with three fields of specialization: mining engineering; process engineering; and robotics, automation and advanced tec…


Amex launches gold index

The American Stock Exchange has started publishing the Amex Gold Miners Index under the ticker symbol gdm.


How to spell relief

At last month’s International Monetary Fund meeting in Washington, Canada’s finance minister, Ralph Goodale, was one of the principal opponents of a plan floated by his British counterpart, Gordon Brown, to finance debt relief to poor countries th…


BHP active in Manitoba

BHP Billiton Diamonds, a unit of BHP Billiton (BHP-N), plans to drill geophysical anomalies on the Stephens Lake nickel project, 100 km east of Gillam, Man.


Freeport’s profits shrivel

The period ended Oct. 19 saw the broad market acclerate its decline of the previous week, with the Dow Jones Industrial Index tumbling 179.56 points to 9,897.62 and the S&P 500 index slipping another 18.61 points to 1,103.23.


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