Junior golds rally as year draws to a close
Junior gold explorers continued to drive Canada’s junior exchange higher. The S&P-TSX Venture Exchange composite index gained 41.8 points. or 4.1% of its value, to close at 1,052.29.Shares in Coral Go…
News
Gold and diamonds took spotlight in 2002
Vancouver — Market-watchers are optimistic the resurgence in the price of gold will help transform prospective properties into producing mines over the next few years.During 2002, Canadian companies …
The Northern Miner — Small Producers Index (January 06, 2003)
96.17 (+12.77)(Sept. 30/98 = 100)…
Radius reports hot holes in Guatemala
Vancouver — Drilling at the Holly prospect in eastern Guatemala confirms the presence of low-sulphidation, high-grade gold and silver veins, as well as bulk-style disseminated gold mineralization.The…
Editorial Cartoons
Gold a safe haven once again, or so it seems Where the trouble ain’t
With gold touching US$350 per oz. on Boxing Day, we seem to be seeing the revival of the old relationship between the gold price and international tension. The old “safe haven” explanations for the me…
People (January 06, 2003)
Richmont Mines — Louis Dionne appointed president and CEO.Lakefield Minerals — William Urseth appointed president.AXMIN — Peter Lehner resigned as director.Tenke Mining…
Dofasco dumps Qubec Cartier stake
Hamilton-based steel maker Dofasco has reduced its ownership stake in Qubec Cartier Mining Co., an iron ore subsidiary in Port-Cartier, Que.Dofasco has struck a deal to sell part of Qubec Cartier to…
AMEC wins Meadowbank contract
Vancouver — AMEC has been hired to study the feasibility of mining the Meadowbank gold deposit in Nunavut. Situated 70 km north of Baker Lake, the property is owned by Cumberland Resources (CBD-T).Th…
Golden Star funds work in Ghana
Vancouver — With the price of bullion hitting US$350 per oz., Golden Star Resources (GSC-T) is advancing its mining properties in Ghana.The company filed a shelf offering to sell up to US$75 million …
Robert McEwen our Man of the Year
The Northern Miner’s Man of the Year in 2002, Rob McEwen of Goldcorp (G-T), has probably squeezed more shareholder value out of a small number of assets than anyone else in the gold business.McEwen, a…
2002 marked by further consolidation
It did not feel as momentous as 2000 or 2001, when we saw the creation of several global mining giants, but 2002 was full of smaller-sized mergers, particularly in the precious metals sector.Among the…