Articles by Northern Miner Staff

Homestake advances Ruby Hill

In just three short years, Homestake Mining (NYSE) has developed a geological inventory of about 1.6 million oz. gold within a district previously known for its silver and base metal mineralization. H…


NEWS ROUNDUP — Birim acquires private Exroy

CDN-listed Birim Goldfields has taken over Exroy Resources, a private company. The shareholders of Birim exchanged all their securities in the company for treasury common shares and warrants of Exroy….


STOCK MARKETS — Higher bond yields drag down TSE

Strengthening bond markets had a negative impact on the Toronto Stock Exchange over the 5-day reporting period ended Oct. 25. The composite 300 index dropped 73.19 points to end the week at 4,242.77. …


NEWS ROUNDUP — Argosy, Fleck in joint venture

In an attempt to diversify, Argosy Mining (VSE) has formed a joint venture with Fleck Resources (VSE) to acquire a 60% interest in the Dunka Road copper-nickel deposit in Minnesota. To do so, Argosy m…


Inco develops nickel foam

Nickel giant Inco has a new value-added product: nickel foam. In the research phase for the past two years, nickel foam has been under development at Inco’s Copper Cliff refining nickel circuit in nor…


Hemlo workers favor Steelworkers

Unionized workers at Hemlo Gold Mines’ Golden Giant operations in northwestern Ontario have rejoined the United Steelworkers of America. In June, the workers voted to decertify the union. In the lates…


Fidelity buys stock

Fidelity Management and Research, on behalf of several investment companies and institutional clients, has bought Agnico-Eagle (TSE) common stock. As a result, the Fidelity group now holds 12.3% of Ag…


NEWS ROUNDUP — Jordex expands Brazilian holdings

Toronto-listed Jordex Resources has augmented its South American holdings by acquiring, through a wholly owned subsidiary, two concessions in the central Brazilian Shield. The Pontes E Lacerda concess…



NEWS ROUNDUP — Canarc adds to Guyana holdings

By acquiring the 2,800-hectare Baramita gold property, Canarc Resource (VSE) can increase substantially its holdings in the Guyana Shield. To do so, it must spend $700,000 exploring the property, situ…


Chase drilling T’Boli prospect

A first phase of drilling is under way at the T’Boli gold prospect on the Philippine island of Mindanao. Chase Resource (TSE) has a 40% interest in the company that owns the project, and holds an opti…


Canmine calculates tonnage

Following a summer drill program, Canmine Resources (ASE) has calculated a reserve figure for the Island zone on its Fer polymetallic property near Flin Flon, Man. Based on an area of influence of 50 …


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