Westmin to finance Lomas Bayas work
Westmin Resources (WMI-T) has closed a US$120-million offering of senior secure notes, which it will use to repay a loan and develop the Lomas Bayas project in Chile.The notes, which were priced at pa…
Articles by Northern Miner Staff
Teck takes over Australian producer
Teck (TEK-T) and its Australian partner, Camelot Resources, have acquired 92% of the outstanding shares of producer Mount Edon Gold Mines. The takeover is valued at A$170 million.Teck acquired a 14.5%…
NEWS IN BRIEF (March 24, 1997)
Consolidated Valley Ventures (CVL-V) has changed its name to CVL Resources (CVL-V).
Hanover ups stake in S.W. Montana
The acquisition of Easton-Pacific Mining has allowed Idaho-based Hanover Gold (HVGO-Q) to tighten its grip on the Alder Gulch mining district in southwestern Montana.In a deal worth US$10 million, Han…
Sampling adds potential to CMM’s Yemen play
Canadian Mountain Minerals (CYM-A) has received encouraging geochemical samples from its gold exploration project in northwestern Yemen.More than 80 samples were found to contain anomalous gold, as we…
NEWS ROUNDUP — Mountain Lake eyes Bathurst property
An option agreement sets the stage for Mountain Lake Resources (MOA-V) to acquire a property in the Bathurst mining district of New Brunswick.The vendor will retain a 2% net smelter return royalty and…
NEWS ROUNDUP — Espalau records loss for fiscal ’96
During the last fiscal year, Espalau Mining (EPU-M) suffered a loss as it attempted to change its orientation from a holding company to a junior gold producer.Espalau reported a loss of $5.1 million (…
Minto copper project moves closer to production
An environmental review of the Minto copper project in the central Yukon has been completed, reports Minto Explorations (MXO-V).The project is being developed under a joint-venture agreement with Asar…
Plus de fume que du feu — Lac Volant showings a bust
Preliminary drill results from the Lac Volant nickel-copper showings northeast of Sept-Iles, Que., have proved disappointing for Quebec government-owned Soquem.Four holes, drilled to a depth of 50-70 …
ODDS’N’SODS — Minefinding in Ontario
William Trethewey, prospector, entrepreneur and real estate speculator, arrived in Cobalt, Ont., attired in a white suit and silk shirt, complete with diamond pin.He was a mining man, having left his …
U.S. submits proposal to Crown Butte
Crown Butte Resources is one step closer to receiving compensation for the scrapped New World gold project in Montana.Under an agreement with the U.S. government, Crown Butte scuttled the project in r…
Two symposiums to highlight exploration in northern Ontario
Two symposiums on exploration in northwestern Ontario and the Timmins area are scheduled for April.The Northwestern Ontario Mining and Mineral Symposium will be held at the Vallhala Inn in Thunder Bay…