NovaGold earns 70% interest in Donlin
Vancouver — Just 15 months after signing the option agreement, NovaGold Resources (NRI-T) has spent the required US$10 million on exploration to earn a 70% interest in Alaska’s Donlin Creek gold depo…
News
Emerald interest heats up
Vancouver — In the autumn of 1998, field geologist Bill Wengzynowski sparked a flurry of exploration activity by discovering an occurrence of emeralds on Expatriate Resources’ (EXR-V) Goal Net base m…
Merger trio almost in black
Two of the three mid-tier gold producers planning a friendly merger made money in the third quarter of 2002, but the biggest, Kinross Gold (K-T), is still in the red.Echo Bay Mines (ECO-T) made US$3.7…
Producer and Dealer Prices (November 25, 2002)
Antimony: Mid-mkt US$2,800/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.55/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.50-7.10/lb.Copper: Comex Dec US$0.727/lb.
Large diamonds gleaned from Gahcho Kue
The latest bulk-sample results from the Gahcho Kue joint-venture project in the Northwest Territories indicate the presence of big-carat diamonds in the Hearne kimberlite pipe.The Hearne and 5034 pipe…
Raglan area hot, junior market not
Vancouver — Canada’s junior exchange remained stuck in neutral despite a strong showing by select issues during the report period ended Nov. 19. The S&P TSX Venture Exchange composite index lost 1.54…
Editorial Cartoon (November 25, 2002)
Same old saw, just duller
Last week saw the National Summit on Innovation and Learning, sponsored by the Departments of Industry and Human Resources Development and hosted by ministers Allan Rock and Jane Stewart (yes, the Jan…
Canadian Mining Hall of Fame honours Cobalt pioneers, three others
The four men who discovered silver in the woodlands of Cobalt, Ont., at the turn of the last century are among seven new inductees into the Canadian Mining Hall of Fame, all of whom will be honoured a…
Cumberland tops up kitty
In preparation for the launch of a bankable feasibility study on its wholly owned Meadowbank gold project in Nunavut, Cumberland Resources (CBD-T) has arranged a $6.5-million brokered private placemen…
The Northern Miner — North American Mining Index (November 25, 2002)
68.43 (-1.34)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (November 25, 2002)
80.37 (+0.07)(Sept. 30/98 = 100)…