Martha mine thaws out
Following a two-month shutdown caused by unusually severe winter conditions, mining has resumed at Yamana Resources’ (YRI-T) high-grade Martha underground silver mine on the Bacon property in the sout…
News
Ashton discovers kimberlite south of Coronation Bay
A decision by Northern Empire Minerals (NEM-V) to fund its share of drilling on the Kikerk Lake diamond joint-venture project has paid off with the discovery of a new kimberlite body, dubbed Potentill…
Global Diamond Diavik project inches toward April 2003 startup
Construction of the Diavik diamond mine is nearly one-third finished, with startup slated for April 2003.When all is said and done, London-based Rio Tinto (RTP-N) and Toronto-based Aber Diamond (ABZ-T…
Tahera options Jericho project to Kennecott Canada
A series of restructuring moves is enabling Tahera (TAH-T) to step up exploration of its extensive landholdings in the Northwest Territories and Nunavut.In the latest development, the junior optioned …
Formation Capital buys Sunshine refinery
Denver — Formation Capital (FCO-T) has acquired an option to buy a silver refinery, antimony plant and tailings pond at the Sunshine mine, near Kellogg, Idaho.The purchase price is US$2.3 million, th…
GREATEST VALUE TRADED, SEPTEMBER 12-18
ExchgVal($000s)HighLowCloseChangeAlcoa*N46447632.5029.8030.20-3.60…
Exchange Rates (September 24, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateSept. 18Sept. 17Sept. 14Sept. 13Sept. 12US$ in C$…
Inca Pacific pushes Magistral to prefeasibility
Vancouver — Inca Pacific Resources (IP-V) intends to advance the Magistral copper porphyry-skarn project in Peru to the prefeasiblity stage, despite having received only mixed results from the final …
The Northern Miner — North American Mining Index (September 24, 2001)
72.30 (-1.25)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (September 24, 2001)
45.64 (+0.79)(Sept. 30/98 = 100)…
Bema’s Julietta proves an early bloomer
Vancouver-based Bema Gold (BGO-T) is putting the finishing touches on its 79%-owned high-grade Julietta gold-silver underground mine some two months ahead of schedule, The mine is in the Magadan regio…
FPO Production from Snap Lake project delayed until 2006
A depressed rough diamond market has given De Beers cause to push back production from the Snap Lake underground diamond project in Canada’s Far North until 2006, more than a year longer than was orig…