Asia expands Copperstone
Drilling on the Copperstone property in Arizona has extended the high-grade Northwest zone, reports Asia Minerals (AMP-A).The Vancouver-based junior, which has a 25% interest in the project and the op…
Articles by Northern Miner Staff
MINING MARKETS & INVESTMENT NEWS — Ashanti snaps up Samax, Geita
The Canadian subsidiary of Ashanti Goldfields (AHD-T) has purchased most of the shares of Samax Gold in order to acquire that company’s Geita property in Tanzania.Ashanti nabbed 26.4 million Samax sha…
LETTERS TO THE EDITOR — Miner miffed by Clinton administration
Regarding your editorials “NWMA vs. Babbit” (T.N.M., Sept. 21-27/98) and “Tuning out” (Nov. 2-8/98), I would like to point out the serious and perilous position in which we in the mining industry find…
GREATEST VALUE TRADED (December 07, 1998)
ExchgVal ($000s)HighLowCloseChangePlacer DomeT189…
Patrician picks up Argyle
Patrician Gold Mines (PXX-A) has acquired ground near the past-producing Ashley gold mine in an area 25 km west of Matachewan, Ont.The junior acquired a full interest in the 2,198-ha property, named A…
Hecla holds the line on production costs
Low silver and gold prices are taking their toll on Hecla Mining (HL-N), despite ongoing efforts to reduce production costs at mines in North and South America.The Idaho-based company reported a net l…
Miramar conserving capital
Miramar Mining (MAE-T) made a profit of $1.6 million in the third quarter, compared with a loss of $15.2 million in the corresponding period of 1997.The recent quarterly performance reflects a gain of…
Reserve figure grows at Taylor
A new resource estimate for the Taylor property west of Matheson, Ont., puts the indicated and inferred resource in the three known mineralized zones at 3.1 million tonnes grading 10.3 grams gold per …
DIAMOND PAGE — Monopros launches winter program on AK property
De Beers Consolidated Mines (DBRS-Q) has given the green light to a $14-million bulk-sampling program on the AK diamond property in the Northwest Territories.Monopros, the exploration arm of De Beers,…
DIAMOND PAGE — Partners recover diamonds from Jericho
The newly discovered Contwoyto-1 kimberlite in the Greater Jericho area of the Northwest Territories has yielded encouraging diamond counts for partners Lytton Minerals (LTL-T) and New Indigo Resource…
Asarco to take US$45m charge
New York, N.Y.-based Asarco (AR-N), which lost more than US$15 million in the third quarter, says it will take a US$45-million charge in the fourth quarter.The charge is intended to cover the costs as…
Azimut options more ground in Quebec
Two separate option agreements set the stage for Azimut Exploration (AZM-M) to earn interests in the Joutel and Malartic gold properties in Quebec’s Abitibi camp.To earn a 50% interest in the Joutel p…