Articles by Northern Miner Staff

Partners Spider Resources (SPQ-A) and KWG Resources (KWG-T) report that 231 diamonds were recovered from eight separate outcrops at their Wawa diamond project in Ontario.Of this total, 37 stones were …

Gold Funds as of November 6, 1997BGRCentralNet Value$17.01$5.66Price$12.00…

Despite significantly lower gold prices, Placer Dome (PDG-T) continued to achieve positive results during the third quarter.The major earned US$11 million (or 3 cents per share) on sales revenue of US…

During the first 19 days of production for new owner McWatters Mining (MCW-T), the Kiena and Sigma gold mines in Quebec’s Val d’Or camp turned out 8,409 oz. gold at a cash operating cost of US$241 per…

Coeur d’Alene Mines (CDE-N) has received permission to develop, the Kensington gold project, 45 miles north of Juneau, Alaska.The company is engaged in studies with independent consultants aimed at lo…

Unstoppable flooding has drowned the future of the Potacan potash mine near Sussex, N.B.Water that is believed to have originated in a vast underground reservoir began to seep into the mine in June. C…

Westmin Resources (WMI-T) is acquiring the right to earn a 51% interest in the Vizcachitas copper porphyry project in central Chile.The vendor, Denver-based General Minerals (gnm-t), will receive US$1…

Echo Bay Mines (ECO-T) took a writedown of US$309.8 million for the third quarter, resulting in a net loss of US$327.5 million (or $2.36 per share).Not including the restructuring charge, the loss amo…

Ashanti Goldfields (ASL-N) has hit high-grade gold intersections at its Obuasi open-pit mine in the Ashanti region of south-central Ghana.Diamond drilling from underground encountered a 21-metre inter…

This is a time when Canadians should be considering and encouraging the startup of new mines across Canada, and time is of the essence.For too long, governments and communities have complacently accep…

Gold Funds as of October 30, 1997BGRCentralNet Value$16.89$5.73Price$13.00…