Novagold eyes Donlin deposit
Vancouver — Junior Novagold Resources (NRI-T) has inked a deal with Placer Dome (PDG-T) to earn a majority interest in the 13-million-oz. Donlin Creek gold deposit in southwestern Alaska.”Our strateg…
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Silver Standard picks up mine
Vancouver — Silver Standard Resources (SSO-V) plans to move ahead with the purchase of Kinross Gold’s (K-T) past-producing Candelaria silver mine in western Nevada.The junior will pay $100,000 and is…
Vista writes down asset
Denver — Low gold prices have forced Vista Gold (VGZ-X) to write down the value of the Amayapampa property in Bolivia, resulting in a net loss for the year of US$13.2 million (or 15 per share).The l…
Ashton keen on testing K252 pipe in Alberta
Ashton Mining of Canada (ACA-T) has extracted a second mini-bulk drill sample, weighing 20 tonnes, from the K252 kimberlite on the Buffalo Hills joint-venture property in north-central Alberta.The wor…
Producer and Dealer Prices (April 09, 2001)
Antimony: Mid-mkt US$1,320/t.Bismuth: Mid-mkt US$4.05/lb.Cadmium: Mid-mkt US$0.22/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$12.90-14.00/lb.Copper: Comex May US$0.766/lb.Indium: Ind…
Staff Investment Policy (April 09, 2001)
The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public off…
Turning point may be in sight
The report period March 26-30 saw metal prices decline further. The copper market registered its disappointment at the scale of Phelps Dodge’s long-awaited production cuts by sending the London Metal …
Herald Res. drills Indonesian property
Australian-listed Herald Resources is resuming drilling at the Dairi zinc-lead project in North Sumatra, Indonesia.The program will be attempt to expand the Anjing Hitam zone, which hosts an independe…
Sudbury Contact options Moosehead
A recent agreement with Altius Minerals (ALS-V) sets the stage for Sudbury Contact Mines (SUD-T) to earn up to a 60% interest in the Moosehead gold property in central Newfoundland.Sudbury Contact can…
Western Pacific eyes D’Aguilar
Edmonton-based Western Pacific Gold (WPI-V) has taken a shine to the D’Aguilar gold mine project, 40 km west of Gympie in southeast Queensland, Australia.The junior recently signed an agreement with t…
Atna targets polymetallic mine in Arizona
A 4-hole, 2,000-ft. program of diamond drilling will test the downdip extension of the underground Lone Pine mine, a past producer south of Prescott, Ariz.Atna Resources (ATN-T) says there is no recor…
Mining mergers assume ‘victim or vulture’ theme
As mining deals get bigger and the pace of consolidation accelerates, the emerging trend might best be described as “victim or vulture,” says London-based analyst Jack Jones of CIBC World Markets.”Thi…