Mixed results for Pegasus
Higher revenues were somewhat offset by higher cash operating costs and lower total gold production for Pegasus Gold (TSE) during recent months. For the third quarter, Pegasus earned US$832,000 on rev…
Articles by Northern Miner Staff
EXPLORATION ’94 — Bre-X awaits results from Busang
As the discovery of large-tonnage deposits becomes more and more difficult to pull off within Canada’s traditional mining camps, many companies are opting to seek out less-trodden areas abroad. Such i…
EXPLORATION ’94 — NAM bullish on Great Bear potential
An aggressive $5.5-million program has resulted in the discovery of new zones of gold mineralization at the Golden Bear mine property in northwestern British Columbia. The 35,200-hectare property, own…
EXPLORATION ’94 — Stock markets cool after heady start in
Canadian stock markets, which roared early in the year, displayed renewed vigor during the summer and into autumn before cooling again in late October. The Toronto Stock Exchange set a new milestone O…
Positive study for Andacollo
Management of Canada Tungsten (TSE) plans to develop the Andacollo copper property in Chile, with the red metal to be recovered by solvent-extraction electrowinning. The Vancouver-based company (now h…
Bissett moves forward
Toronto-listed Rea Gold is set to begin the engineering work required to complete a final feasibility study of the Bissett gold project in eastern Manitoba. The decision was made on the basis of resul…
American Bullion expands Red Chris
A 58-hole drill program has wound down at the Red Chris porphyry copper-gold deposit in northwestern British Columbia. American Bullion Minerals (VSE) holds an 80% interest in the project, while Teck …
STOCK MARKETS — Higher bond yields attract investors
The Toronto Stock Exchange (TSE) took another beating this week, as nervous investors dumped their shares in favor of higher interest-bearing investments, such as bonds. This exit from the equity mark…
STOCK MARKETS — Cinola JV was bright spot in lacklustre
The Vancouver Stock Exchange composite and resource indexes continue to reach new lows for the year. For the report period ended Nov. 22, the composite index dropped 32.22 points to close at 762.98. T…
EXPLORATION ’94 — Northern diamond play loses some momentum
The Northwest Territories diamond play has had its high and low points during the past two years. One of the lowest was the evaporation, some months ago, of hundreds of millions of dollars in sharehol…
EXPLORATION ’94 — Exploration activity at Ontario mining
Despite the flurry of exploration being conducted by Canadians around the world, many companies continue to search for mines in the major mining camps of Ontario. Most of this activity is centred arou…
EXPLORATION ’94 — Search on for gold, base metal deposits at
During the previous few years, mining people here have not seen significant exploration activity in the Red Lake area. In 1994, however, several major and a few junior resource companies have again fo…