Nevsun expands gold deposit in Mali
Nevsun Resources (NSU-T) has boosted its resource estimate by 29% at the Tabakoto gold project in western Mali.The estimate is based on 250 diamond drill holes and 382 reverse-circulation holes. A cut…
Articles by Northern Miner Staff
FACTS ‘N’ FIGURES — IMF to hang on to gold
Although gold no longer has an official role to play in the international monetary system, it continues to serve an important function by underpinning the financial strength of the International Monet…
Atlas, Arizuma plan merger
Juniors Atlas Mining Company (ALSM-N) and Arizuma Silver (ARZS-C) have signed an agreement-in-principle to merge.Under the proposed plan, Atlas shareholders would hold 51% of the voting shares of the …
McClean Lake approved
The Atomic Energy Control Board (AECB) has approved construction of the tailings storage plant at the McClean Lake uranium project in northern Saskatchewan.McClean Lake, which has a minable reserve of…
SUPPLIERS NEWS ROUNDUP — Knelson expands in BC
Knelson Concentrators has constructed an additional development laboratory in Langley, B.C.The Knelson Research and Testing Centre will test gravity recovery rates for local and international explorat…
COMMENTARY –A new approach to land use
Several jurisdictions across the country are engaged in consultations designed to develop plans for the future use of Crown land. Much of the struggle hinges on finding a balance between two apparent …
Grayd pulls VMS values from Dry Creek property
Grayd Resources (GYD-V) continues to hit impressive massive sulphide intersections at its wholly owned Dry Creek property near Fairbanks, Alaska.The company recently released results from seven drill …
Semafo, High Desert to merge
Under a merger agreement reached this week, West African explorer Semafo (SMF-T) will merge with royalty company High Desert Mineral Resources (HDR-V).High Desert shareholders will take away a 55% sta…
PRODUCER & DEALER PRICES (August 17, 1998)
Aluminium: LME settlements US$1,291.50, alloy US$1,144 per tonne (Aug. 11/98).Antimony: Representative mid-market US$1,310 per tonne (Aug. 11/98).Bismuth: Representative mid-market US$3.55 per lb. (Au…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Western markets still spooked by Asia’s economic woes — International Taurus, Sur American among few to buck downward trend
The Vancouver Stock Exchange composite index took a nosedive during the report period ended Aug. 11, dropping 21.87 points, or 4.6%, to finish at 456.49. The mining index followed suit, plummeting 20….
MINING MARKETS & INVESTMENT NEWS – INSIDER TRADING — Farallon exec allows options to expire
Recent insider trading, as reported by the Ontario Securities Commission in its OSC Bulletin, includes the following transactions:* .TAmerica Mineral Fields (AMZ-T) — Mark Collins, director, was gran…
Partners cut production costs at New Britannia
Partners High River Gold Mines (HRG-T) and TVX Gold (TVX-T) report a drop in cash costs at their equally owned New Britannia gold mine in northern Manitoba.The underground operation turned out 24,660 …