Tenke raises funds for Fungurume
Junior Tenke Mining (TNK-T) will borrow US$127 million from Investec Bank of South Africa for the first phase of development work at the Tenke Fungurume copper-Cobalt project in the Democratic Republi…
Articles by Northern Miner Staff
NEVADA — Echo Bay Mines forms strategic alliance with Fairmile — Exploration program to test Buffalo Valley gold property
Based on a recent letter agreement, Echo Bay Mines (ECU-T) will enter into an alliance with Fairmile Gold (FLA-A), a junior company exploring the Buffalo Valley property in Nevada.Fairmile’s property …
NEVADA — Jerritt Canyon mine to benefit from new gold discoveries
Two discoveries and new production from the Dash open pit have invigorated operations at the 15-year-old Jerritt Canyon gold mine, near Elko.Independence Mining, a subsidiary of Luxembourg-based Minor…
Producer and Dealer Prices (June 02, 1997)
Aluminium: LME settlements US$1,634.5 per tonne, alloy $1,476 per tonne (May 27/97).Antimony: Composite free market, US$2,220 per tonne (May 20/97).Bismuth: Composite free market US$3.30 per lb. (May …
SPOT PRICES (June 02, 1997)
Wednesday, May 28, 1997Price (US)Week’s ChangeGold*$344.70+ $2.45Silver*$ 4.76…
Teck accelerates exploration in northeastern Mexico
Here in the southeastern state of Oaxaca, Teck (TEK-T) is carrying out early-stage exploration on the Lachatao gold property, with trenching and drilling endeavoring to outline what the company hopes …
NEVADA — Alta prepares to mine Olinghouse and Griffon — Green Hill-Payback pit readied for startup
Henderson-based Alta Gold (ALTA-Q) has increased its land position around its Olinghouse property in northwestern Nevada by more than half.The company staked another 140 mining claims in an area north…
NEVADA — Newmont, Barrick rise to the top
Several North American companies with operations in Nevada are moving ahead of their South African competitors within the top tier of the world’s gold producers.While Anglo American of South Africa is…
STOCK MARKETS — Golds and base metals help boost TSE above 6,400 — Base metal producers rise despite nickel’s fall
A single day of heavy trading, combined with solid performances by the base metal, gold and precious metal sub-indices, was sufficient to push the Toronto Stock Exchange index to 6,442.54 on May 27 –…
THE DIAMOND PAGE — SouthernEra ties up agreement
Large-diameter drilling is planned by SouthernEra Resources (SUF-T) for the Camafuca-Camazambo pipe, near Calonda, in the Lunda Norte province of Angola.The company recently issued 500,000 of its shar…
Sadiola Hill mine makes golden progress — Iamgold sets stage for foreign juniors in West Africa
Any time you dig a big hole in the ground, you get a surprise or two. All any operator can do is try to be ready for them.Fortunately for the partners in the Sadiola Hill project in western Mali, the …
NEVADA — Pallaum’s growth strategy hinges on Nevada projects — Bullion Mountain the most promising
As gold deposits in northern Nevada become increasingly difficult and expensive to find, major companies are leaving it to the juniors to locate potential mines.One such company is Vancouver-based Pal…