Newmont enjoys robust quarter
Vancouver – The world’s largest gold miner ended 2001 on a strong note and expects 2002 to be even better.Newmont Mining (NEM-T) posted a profit of US$20.2 million (or US10 per share) in the fourth q…
Normandy Mining Limited
Kaiser thrown US$300m lifeline
Nosediving 50% to US35, Kaiser Aluminum won the flameout-of-the-week award by filing for bankruptcy protection and obtaining US$300 million in debtor-in-possession financing from the Bank of America….
Minotaur steps out at Olympic Dam-style prospect
The geology and geochemistry of Minotaur Resources’ discovery hole at a large gravity anomaly in the Mt. Woods area of South Australia suggests Olympic Dam-style mineralization and the makings of a po…
Has the tarnish come off?
Gold prices have sustained a rally for more than a month now, if you count the fix of US$272.20 per oz. on Dec. 11 as a bottom. And unlike the old days, it is finding buying support on the way down, r…
High River posts record production (February 11, 2002)
During 2001, High River Gold Mines (HRG-T) produced a record amount of gold from its 50%-owned New Britannia mine in Manitoba and from the mines of Buryatzoloto, a Russian company in which High River …
TSE reinvents itself as international bourse
In a surprise twist, the Toronto Stock Exchange took the spotlight over the Jan. 23-29 report period by announcing it was trimming its benchmark index by as many as 100 companies, based on share price…
Newmont triumphs over AngloGold
South African producer AngloGold (AU-N) has failed to sway enough shareholders to remain in the battle for Normandy Mining (NDY-T), giving Newmont Mining (NEM-N) a clear path to victory.The…
Data point to turnaround
The decline over the Jan. 14-18 period in base metals has highlighted the extent to which markets heralded the new year with over-optimistic expectations akin to a false dawn.Large price increases and…
Mixed week in US trading
In the face of declining base and precious metals, a number of U.S.-listed mining majors still managed to trade higher over the report period, as investors showed interest in old-economy cyclicals.BHP…
Base metals surprisingly buoyant as new year begins
Against most expectations, including our own, base metals have opened the year in buoyant mood. Early in the report period Jan. 7-11, they sparked sharply higher in response to fresh buying by commodi…
Investment Commentary — Best bets for 2002
The Northern Miner asked five market watchers of the junior mining and exploration sector for their top picks and opinions for the year ahead. This week we talked with John Kaiser, publisher of the Ka…
Oversubscribed UK auction revitalizes gold miners
Despite pre-auction jitters, gold soared $8.60 over the Jan. 9-15 report period to land at a London morning fix of US$287.95 per oz. on Jan. 16.On that day, the Bank of England sold another 20 tonnes …