Articles by Northern Miner Staff

Constructed at a cost of US$64.7 million, Homestake Mining’s (HM-N) Ruby Hill gold mine near Eureka, Nev., has become the century-old mining company’s lowest-cost operation.The new mine achieved comme…

The California state lands commission has granted a prospecting permit to Deloro Minerals (DLO-A), which has staked a 480-acre area near the border with Nevada.The property is within 5 miles of the Au…

To alleviate its US$115-million debt load, Vengold (VEN-T) has sold 25 million shares of Lihir Gold (LIHRY-Q).The proceeds, which tally to about $25 million (Australian), will reduce Vengold’s outstan…

Effective June 8, Minroc Mines became Cassiar Mines & Metals (CIR-T) and drew down a $5-million financing for its magnesium-chrysotile project at Cassiar in northern British Columbia.The past-producin…

Encouraging results are reported from the Munn Lake kimberlite sill discovery at the Back Lake project in the Northwest Territories.A 42-kg aggregate kimberlite sample collected from two core holes an…

The Vancouver Stock Exchange composite index lost 8.09 points, or 1.8%, over the report period ended June 8, to close the week at 444.62. The mining index followed suit, losing 4.07 points, or 1.3%, t…

Base metals ahead of market in response to better commodity prices The base metals led the winning sectors as the Toronto Stock Exchange advanced slightly over the five trading days ended June 8. The …