Homestake buys Aussie project from Rio Tinto
Denver — In return for US$27.6 million, Homestake Mining (HM-N) will acquire the Cowal project in New South Wales, Australia, from North Gold (WA), a wholly owned subsidiary of Rio Tinto (RTP-N).Acco…
Articles by Northern Miner Staff
Cassiar settles insurance claim
An investment group holding 49.62% of Cassiar Magnesium (CIR-T) says its decision to terminate senior management, including former chairman Clifford Frame, was done “in the best interest of all shareh…
Atna Res alters strategy
Vancouver — Atna Resources (ANT-T) has received low-grade results from a 3-hole drill program targeting the past-producing Lone Pine base metal mine, near Mayer, Ariz., and, as a result, is shifting …
Resource stocks mixed as broad market coasts
The Toronto Stock Exchange slipped a mild 6.81 points over the May 30-June 5 report period to end the week at 8,258.82.The yellow metal sank US$6.70 to land at a London fix of US$266.95 per oz. on the…
Tungsten grades buoy Tiberon
Vancouver — Calgary-based Tiberon Minerals (TBR-V) has tabled more encouraging results from ongoing drilling at its Nui Phao Tungsten project in Vietnam.The latest holes, 32 and 33, were collared in …
Few bright spots in down market
Denver — The Dow Jones industrial average climbed 136.70 points, or 1.2%, to 11,175.84 during the report period ended June 5, while spot gold slumped to US$265.70 on the Comex division of the New Yor…
Drilling expands Hope Bay deposit
Vancouver — Drilling by partners Miramar Mining (MAE-T) and Hope Bay Gold (HGC-T) at the Hope Bay project in Nunavut has expanded the Boston South, Naartok, P112 and Suluk zones.At the newly discover…
Sudbury Contact drills Tonkin Springs
Denver — Drilling at the Tonkin Springs gold project in central Nevada is about to resume, in preparation for a new resource estimate.Toronto-based Sudbury Contact Mines (SUD-T), a 57%-held subsidiar…
Noranda, Falco sue Boliden
Noranda (NOR-T) and affiliate Falconbridge (FL-T) have filed a lawsuit in the Ontario Superior Court of Justice against Swedish-Canadian miner Boliden (BOL-T) and affiliated companies over Boli…
Ken Snyder sale closes
Shareholders of Normandy Mining (NDY-T) have approved the agreement with Franco-Nevada Mining (FN-T) under which Normandy will take over the Ken Snyder mine at the northern end of Nevada’s Carlin gold…
Safety improves despite Beatrix
The recent accident at the Beatrix gold mine has once again focused attention on the South African mining industry’s safety performance.This tragic event, which claimed 12 lives, shocked and saddened …
Mining: more than creating jobs
The Canadian mining industry is one of the few industrial sectors where Canadian knowledge, technology, expertise and corporate leadership dominate internationally. But it’s a position we must work ha…