Holmer, CanAlaska pool resources
Vancouver-based juniors Holmer Gold Mines (HGM-T) and International CanAlaska Resources (ICA-V) are joining forces.Under the proposed merger, the assets of both companies — including exploration prop…
Articles by Northern Miner Staff
FACTS ‘N’ FIGURES — Miners rethink future gold output
World gold production is expected to increase by an average of 1% per year over the next four years, reaching 83.5 million oz. in 2001.This modest projected growth rate is in sharp contrast to that of…
Production of most Canadian metals down
Canadian production of copper, primary nickel and refined zinc rose between March 1997 and March 1998. However, output of commodities such as gold, silver, refined nickel, lead and primary zinc declin…
MINING MARKETS & INVESTMENT NEWS — Promotion called “mini Bre-X”
Former executives of Redell Mining (REDC-V) are in a British Columbia courtroom facing one count of fraud and 19 counts of misrepresentation under the province’s Securities Act relating to the company…
MOST ACTIVE ISSUES, June 23-29
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MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Dow Industrial retests 9,000 mark
The Dow Jones Industrial average was up 168.90 points (or 1.9%) over the report period June 24-29 to close at 8,997.36 in pre-holiday trading.Mining issues were mixed, with a few more losers than gain…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Snap Lake drilling piques investors’ interest in Winspear
The Vancouver Stock Exchange composite index remained relatively unchanged over the holiday-shortened report period of June 24-29, slipping just one-fifth of a point to close at 532.24. The mining ind…
METAL PRICES — Daily Metal Prices (July 06, 1998)
BASE METALS (London Metal Exchange-Midday official cash prices in US$ per tonne)DateJune 30June 29June 26June 25…
Royal Gold assumes control of Greek exploration project
Royal Gold (RGLD-Q) has taken control of the Milos gold project in Greece following the termination of an agreement with an Australian investor group.In March of this year, Royal announced an agreemen…
Brimstone Gold cuts high grades at Mayflower mine in Montana
Junior Brimstone Gold (BSC-V) has intercepted bonanza-grade gold from underground drilling below known reserves at the Mayflower mine in south-central Montana.The company encountered high-grade minera…
Ventures drill-tests prospects
Choosing to focus on its most advanced projects, Ventures Resource (VRS-V) has commenced a trenching and drilling campaign on the Veta and Flat gold properties in central Alaska.Most of the US$1.5 mil…
Greenstone drills new zone at La Libertad
Greenstone Resources (GRE-T) has discovered a new high-grade gold zone at its La Libertad property in Nicaragua.The new zone, dubbed Santa Elena, is situated immediately northeast of the Crimea zone, …