Greenstone launches second program at Hemco
Impressed by results from a first phase of exploration on its Hemco gold concession in northeast Nicaragua, Greenstone Resources (GRE-t) plans to begin second phase shortly.The exploration program, wh…
Articles by Northern Miner Staff
GREATEST VALUE TRADED, Dec. 31-Jan. 6
ExchgVal($000s)HighLowCloseChangeInco LtdT98218…
PEOPLE – GFM
Michael Watzky appointed director.
PEOPLE — FORT POINT
William MacPherson appointed director.
PEOPLE – CONQUISTADOR
Raul Madrid appointed chairman and CEO.
Cobre advised to reject Phelps Dodge
Financial advisors to Cobre Mining have recommended that the takeover bid by Phelps Dodge (PD-N) be rejected.A special committee of Cobre board members has rejected the bid on the financial advice of …
First Dynasty gets green light in Armenia
Despite the gloomy gold market, First Dynasty Mines (FDM-T) is entering the new year with a bang.Recently completed independent prefeasibility studies give the “thumbs-up” sign for the redevelopment o…
Rayrock shelves reorganization plan
A reorganization plan that would have consolidated Rayrock Yellowknife Resources (RAY-T) with two affiliated companies did not receive enough support from shareholders, thus forcing Rayrock management…
EDITORIAL — Fraser Institute blames government policies — B.C. rating lowest in Canada
Mineral-rich British Columbia has been rated “the least attractive” province for new exploration investment by a Fraser Institute survey of senior and junior mining companies operating in Canada.The B…
AMF sues Anglo over Kolwezi tailings project
America Mineral Fields (AMZ-T) has filed suit against giant South African mining house Anglo American after the Democratic Republic of Congo’s state mining agency, Generale des Carrieres et des Mines,…
Miramar scales back Con operations to cut costs
In response to continued low gold prices, Miramar Mining (MAE-T) is scaling back mining and milling at its Con gold mine in Yellowknife, N.W.T, and taking a $40 million write-down against the project….
NEW HORIZONS — Silver and the sun
Solar Two, the latest advance in the use of mirror technology for the conversion of solar energy to electric power, is now operational. Dependent on silver-coated mirrors for the highest possible refl…