Trivalence nets US$4.3M
The sale of 6,890 carats of diamonds has generated US$4.3 million for Trivalence Mining (TMI-V), operator and 85%-owner of the Aredor mine in Guinea, West Africa.The five parcels of diamonds sold for …
Articles by Northern Miner Staff
Franco-Nevada uses Nevada assets as springboard for growth
With the sole exception of the Ken Snyder mine in Nevada, Franco-Nevada Mining (FN-T) prefers to leave the operating of mines “to companies more expert in such matters.” Armed with a war chest of cash…
AMT to sell copper production to General Motors
Toronto-based junior AMT International Mining (AAI-T) has signed a long-term off-take agreement for its Copper Creek copper-molybdenum project, 45 miles northeast of Tucson, Ariz.Over five years, begi…
Newcrest analysts initiate coverage of First Quantum
The release of positive first-quarter results has prompted Newcrest Capital analysts David Davidson and David Christie to initiate coverage of First Quantum Minerals (FM-T).The company joined the rank…
Gammon Lake cuts more gold, silver
Drilling by Gammon Lake Resources (GAM-T) continues to intersect encouraging gold-silver mineralization in the historic Ocampo mining district of Mexico’s Chihuahua state.Hole 80 cut 33.53 metres grad…
Hillsborough has buyer in wings
By mid-June, beleagured Hillsborough Resources (HLB-T) expects that a potential buyer will have completed a due diligence review of the company and its coal mine on Vancouver Island, B.C.In the meanti…
Boliden considers extensive exploration
Mineral exploration in Sweden could be enjoying a modest renaissance in the next few years as Boliden (BOL-T) turns its exploration staff loose in the countryside.This year’s exploration season will s…
NAME CHANGES (June 05, 2000)
Daren Resources (DRR-V) has changed its name to Daren Industries (DIL-V) on a 1-new-for-3-old-share basis.
NAP expands Roby zone again
Drilling by North American Palladium (PDL-T) at the Lac des les palladium mine, in northwestern Ontario, continues to turn up new mineralization outside a proposed pit enlargement.North American Pall…
The right to know
The mining industry, while perhaps not the most important sector of the economy, generates more than US$500 billion in total economic benefits each year and helps to sustain nearly 5 million jobs in t…
Goldcorp profits down in quarter
Though less profitable than a year ago, Goldcorp (G-T) ended the first quarter in the black.Net earnings for the three months ended March 31 topped US$12,000 on revenue of US$10.4 million, compared wi…
The trend toward e-commerce
Fourteen major mining companies, including four based in Canada, have announced their intention to form an on-line global acquisition system to meet the needs of mining business. The move is expected …