Con mine turnaround continues
Operations continue to improve at the Con underground gold mine in Yellowknife, N.W.T. Miramar Mining (TSE) reports that cash costs for the first three months of 1994 averaged, US$294 per oz., compare…
Articles by Northern Miner Staff
STOCK MARKETS — Despite pressure, TSE makes gains
Despite downward pressure from rising interest rates and falling bond prices, the Toronto Stock Exchange (TSE) still managed to gain ground over our report period, ended May 31. On May 31, the Bank of…
Damoti drilling extends BIF zone
Drilling at the Damoti Lake property north of Yellowknife, N.W.T., is returning encouraging results. Hole D-50 returned a 43-ft. intersection grading 0.094 oz. gold per ton, including a 12.1-ft. secti…
EDITORIAL PAGE — Exodus
Are Canadian mining companies somehow letting down the home side by jumping on the global bandwagon and acquiring projects everywhere from Peru to Mongolia? Or have the federal and provincial governme…
Cactus plans drill program
With drilling planned for three properties this summer, Cactus West Explorations (VSE) is gearing up for an active season. At least 40 reverse-circulation holes are planned on the Pamlico property sou…
LAST BUT NOT LEAST — Cheni options Mt. Skinner property
Vancouver-based Cheni Gold Mines (TSE) will acquire the Mt. Skinner gold property from privately owned Ottarasko Mines. Situated near the western extension of British Columbia’s Chilcotin River, the 1…
JUNIOR MINING SPECIAL — Holmer options Peru gold property
Continuing to expand its portfolio of Latin American properties, Holmer Gold Mines (ASE) has acquired a 1,500-hectare gold property in southern Peru. The Inca property hosts two gold-bearing breccia z…
Royal Oak boosts earnings
Gold producer Royal Oak Mines (TSE) earned $7.05 million in the first quarter, a whopping 470% increase from the same period last year. The dramatic improvement reflects a 17% increase in the average …
JUNIOR MINING SPECIAL — Agnico develops new zones at
Proving that a Canadian mining company needn’t leave the country to succeed, Agnico-Eagle Mines (TSE) continues to operate mines and explore for metals exclusively in northwestern Quebec and Ontario. …
JUNIOR MINING SPECIAL — Revised Mexican laws find favor with
Changes in foreign investment and mining laws as well as improvement in the tax structure have encouraged foreign companies to invest in Mexico. Late last year, the government of President Salinas de …
JUNIOR MINING SPECIAL — Musselwhite a hotbed of activity
Perched on the southern shore of Opapimiskan Lake in the remote bush of northwestern Ontario is a project that Placer Dome (TSE) believes will be Canada’s next bullion producer. Musselwhite, a joint v…
Cusac brings Table Mountain to life
Ever since the Cassiar asbestos mine closed more than two years ago, this British Columbian town has been a shadow of its former self — until recently, that is when Cusac Industries (TSE) began breat…