Campbell spills more red ink, advances merger
The suspension of mining at two gold operations — one in Quebec, the other in Mexico — has pushed Campbell Resources (CCH-T) even deeper into the red.Coming on the heels of a $64-million loss for al…
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Gammon reworks terms of Ocampo agreement
Gammon Lake Resources (GAM-T) has renegotiated the payment schedule for its Ocampo gold- silver project in Mexico’s Chihuahua state.The Halifax-based junior can acquire a 100% interest in virtually th…
Fort Knox eyes Sudbury (May 28, 2001)
Vancouver — Fort Knox Gold Resources (FNX-T) has teamed with mining contractor Dynatec (DY-T) in an attempt to acquire five of Inco’s (N-T) properties in the Sudbury Basin. Inco has accepted t…
Minera seeks PGMs
Vancouver — With Pacific North West Capital (PFN-V) drilling its Janes-Davis property, Minera Capital (MNL-V) has launched a 750-metre drill program to the north, on its Murray Lake-Jane Township pla…
Bema looks to far-eastern Russia
With the underperforming Refugio mine in Chile about to close, Bema Gold (BGO-T) is pinning its hopes on its 79%-owned, high-grade Julietta gold-silver deposit in far-eastern Russia. The underground p…
South Africa should adopt free entry system
The subject of the editorial in the April 9-15 issue of The Northern Miner is the most fundamentally important issue to face the world’s mining industry in the past 30 years, yet the author never actu…
LME Warehouse Levels (May 28, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 22/01 (change from May 15 in brackets):MetalStock (tonnes)ChangeAluminium558300(+…
Gold prices move up to new range
Gold bugs enjoyed an invigorating rally in the yellow metal over the May 16-22 report period, as the London gold price broke out of a long-held, sub-US$270-per-oz. range to spend a few hours above US$…
Expatriate seeks extension
A US$5-million financing with Resource Capital Fund II has collapsed, leaving Expatriate Resources (EXR-V) unable to complete a $1-million payment to Cominco (CLT-T) that was due May 24.Expatriate has…
Too close for comfort
April was the cruelest month, and we were amid the deafening stillness that is the Ungava region in far-northern Quebec.Surrounded by desolated shores and mountains, we journeyed farther north.Left al…
Aredor closing extended
London-based Rio Tinto (RTP-N) has agreed to extend the closing date of an agreement allowing it to earn a 53% interest in the Aredor kimberlite project from Trivalence Mining (TMI-V).The potential pa…
Silver Standard hits silver zone at Aussie project
Drilling by Silver Standard Resources (SSO-V) has returned 46 metres grading 284 grams silver per tonne from the Bowdens silver deposit in New South Wales, 200 km northwest of Sydney.The junior comple…