DIAMOND PAGE — De Beers signs deal with Verena
An agreement between Verena Minerals (VMCO-C) and a unit of De Beers Consolidated Mines (DBRS-Q) sets the stage for ongoing exploration of Verena’s Porto Nacional concession in Brazil’s northern state…
Articles by Northern Miner Staff
Las Huaquillas yields mixed results — Junior also signs deal to acquire Newfoundland gold property
Sulliden Exploration (SUE-M) has received mixed results from the latest six holes drilled at its Las Huaquillas property in the Cajamarca department of northern Peru.All six were collared in the San A…
Eldorado posts 9-month loss, writedown
Eldorado Gold (ELD-V), which operates mines in Mexico and Brazil, suffered a writedown of US$100 million in the third quarter as a result of low gold prices.The total writedown includes US$39.2 millio…
Inuvialuit get reprieve from Senate
An aboriginal group from Canada’s Northwest Territories is continuing its efforts to amend the boundaries of a proposed park covering a portion of their territory believed to be prospective for nickel…
Moss acquires discovery
A copper-silver-gold discovery near Quebec’s Val d’Or mining camp has caught the eye of Moss Resources (MRS-T).The Toronto-based junior recently signed an agreement to acquire 30 claims in Denain Twp….
Meetings (December 14, 1998)
Dec. 14, Cabo Dec. 14, Concho Dec. 14, High Desert Dec. 14, Leader Dec. 14, Ontex Dec. 15, Aurogin Dec. 15, Barramundi Gold Dec. 15, Brownstone Dec. 15, Caldera Dec. 15, CKD Dec. 15, Cons. Texas Dec. …
Greenstone weathers storm in Central America
Gold miner Greenstone Resources (GRE-T) has reported less-than-catastrophic hurricane damage to its facilities in Central America.Damage caused by Hurricane Mitch at the Cerro Mojon mine in Nicaragua …
Western Quebec takes Wesdome subsidiary public
Eager to raise funds for further exploration at the Wesdome gold property in Val d’Or, Que., Toronto-based Western Quebec Mines (WQM-T) is proceeding with an initial public offering of its wholly owne…
NEWS ROUNDUP — Cheviot proposal to return to court
A ruling by the Federal Court of Appeal will enable environmental groups to challenge development of the Cheviot coal mine in Alberta.The court agreed with allegations from a coalition of five environ…
Teck, WC test silver find
The extent of a near-surface, high-grade silver find on the El Salvador project in Mexico’s Zacatecas state remains unclear following the completion of an additional six holes in the immediate area.El…
Largest gold producer to get bigger
An agreement-in-principle sets the stage for Anglogold (AU-N) to acquire the gold assets of Minorco (MNRCY-Q).The South African major offered Minorco US$550 million in cash for its interests in five o…
EDITORIAL & OPINION – COMMENTARY — Stainless to join low demand club
The stainless steel market in 1997 was one that transpired from ongoing optimism to that of great uncertainty. Despite the recovery of the global economy from a slower period of growth in 1996, with i…