Tambo trenching defines targets for drilling
Precious and base metal mineralization at the Tambo property in southern Peru is being trenched in an effort to define drill targets.The 25,400-hectare parcel of land is one of 11 Peruvian properties …
Articles by Northern Miner Staff
Resource at Busang climbs to 15 million oz.
Bre-X Minerals (ASE) has released the much-anticipated resource calculation for a portion of the Southeast zone at the Busang gold project in East Kalimantan, Indonesia.Based on a cutoff grade of 0.75…
Kennecott Canada puts Diavik project on the fast track
Kennecott Canada is proceeding with a 3,000-tonne bulk-sampling program at its Diavik diamond project in the Lac de Gras region of the Northwest Territories.Kennecott, as operator, holds a 60% interes…
Goldcorp cuts more gold in Red Lake
Toronto-listed Goldcorp has intersected high-grade gold values around existing zones at its Red Lake mine in northwestern Ontario.Twenty-five holes were drilled in five areas around known mineralizati…
Minorco to get 75% of Loma de Hierro
Minorco subsidiary AMSA will acquire a 75% interest in the Loma de Hierro nickel project from Jordex Resources (TSE) and Venezuelan partner Corporacion Caracas.A previous agreement entitles AMSA, whic…
EDITORIAL PAGE — What goes around, comes around
Copper producers have enjoyed robust prices of late, and though prices may weaken with an increase in supply, the long-term outlook for demand remains bullish.Many producers of the red metal have bene…
Yamana continues drilling targets at the Microonda gold property
Drilling is continuing at the Microonda epithermal gold property in Santa Cruz, Argentina.Yamana Resources (TSE) has completed reverse-circulation drilling totalling 6,560 metres and has tested five o…
Spot prices at a glance (February 26, 1996)
Wednesday, Febuary 21, 1996Week’sPrice (US)ChangeGold*$398.50-$5.40Silver*$ 5.55-$0.14Platinum*$417.50-$4.00Nickel**$ 3.73+$0.05Lead**$ 0.36+$0.02Copper $ 1.13-$0.01Zinca$ 0….
Metal Prices — FREE MARKET (February 26, 1996)
London Metal ExchangeSpot closing prices in $US per tonneDateFeb. 20 Feb. 19Feb. 16Feb. 15Feb. 14Copper2506-2509 2508-25102491-24942519-25222504-2507Lead772-774 769-770773-775771-772…
Britannia and Bren-Mar sink decline at Lexington project
An underground exploration decline has reached the upper mineralized zone at the Lexington gold-copper project near Grand Forks, B.C.Partners Britannia Gold (VSE) and Bren-Mar Resources (VSE) report t…
Santa Fe records low profits in ’95
Santa Fe Pacific Gold (NYSE) recorded lower earnings in 1995 as a result of decreased production.The company earned US$39.8 million (or 30 cents per share) in 1995, down from US$56.7 million (46 cents…
Copper, moly prices gave boost to Cyprus Amax
On the strength of higher sales and lower costs, Cyprus Amax Minerals (NYSE) reported record earnings for 1995.Excluding writedowns and special items, the company earned US$462 million (US$4.77 per sh…