Garnet’s the target for Cominco Resources
Garnet mining is expected to begin next summer at the Alder property, 60 miles southeast of Butte, Mont. Owner Cominco Resources International (TSE) estimates reserves are sufficient for 30 years. A c…
Articles by Northern Miner Staff
Kennecott buys mine interest
An affiliate of Kennecott has bought an interest in Colowyo Coal, a surface mine south of Craig, Colo., which produces about 4 million tonnes annually of low-sulphur, high-Btu coal. Kennecott’s deal, …
Electra takes over Aurora mine
VSE-listed Electra Mining Consolidated has assumed total ownership of the Aurora Partnership heap-leach gold mine near Hawthorne, Nev. It did so by acquiring a half interest through the purchase of al…
INSIDER TRADING — Inter-Rock directors buy and sell shares
Three directors of Inter-Rock Gold (TSE) bought and sold shares in October and November. According to the Ontario Securities Commission’s OSC Bulletin, senior officer and director David Crombie bought…
Metal prices boost index (December 26, 1994)
A surge in metals and forestry prices in October enabled the commodity price index of the Bank of Nova Scotia to advance by 1.6%. The all-items index is now 11.8% higher than it was at this time last …
Pamlico drilling under way
Reverse-circulation drilling is under way at the Pamlico gold-silver property in Mineral Cty., Nev. Pamlico Gold (VSE) can earn a 51% interest by spending US$1.3 million on exploration, development an…
Regal claims close to Timmins find
CDN-listed Regal Goldfields has acquired eight claims in Kenogaming Twp., near Timmins, Ont. The claims are close to the new gold discovery made by Hemlo Gold Mines (TSE) on the Sewell-Reeves property…
NEWS ROUNDUP — Echo Bay gets poison pill
Shareholders of Echo Bay Mines (TSE) voted 75.6% in favor of a rights plan. The shareholders rights protection plan, also known as a “poison pill,” is designed to thwart a hostile takeover by increasi…
Amayapampa drill program disappoints
Drilling on the Amayapampa gold project in Bolivia is returning lower grades outside the area of historic and active workings. Past and present mining on the property focused on small-scale, undergrou…
Production woes at Colomac
Production problems at the Colomac mine north of Yellowknife, N.W.T., have prompted owner Royal Oak Mines (TSE) to downgrade its overall 1994 production forecast for the four gold mines that it owns. …
COMMENTARY — Cameco recycling; coal clean-up
Construction is under way on a recycling plant at uranium producer Cameco’s Blind River, Ont., refinery. The $10-million plant will take liquid byproduct from the refining process and convert it into …
Barrick options Michaud-Nufort
Mining giant American Barrick Resources (TSE) can earn a 60% interest in the Michaud-Nufort property in northeastern Ontario’s Michaud Twp. The company may earn this interest by paying $400,000 cash a…