Government approval for Mt. Milligan project
A mine development certificate has been awarded to Placer Dome (TSE) for its Mt. Milligan copper-gold project near Fort St. James, B.C. The certificate was awarded after a provincial and federal techn…
Articles by Northern Miner Staff
LAST BUT NOT LEAST — Royal Oak completes placement
A private placement agreement between Royal Oak Mines (TSE) and Asia Minerals (VSE) is complete. Royal Oak bought 5.6 million shares of the company for $2 million and can buy an additional 5.6 million…
LAST BUT NOT LEAST — Brenda sells oil and gas
By selling its remaining oil and gas assets in Australia, Brenda Mines (TSE) hopes to add $1.9 million to cash reserves. As of June 30, 1993, Brenda had a cash position of more than $107 million. It i…
LAST BUT NOT LEAST — Horsham grosses $US550 million
Toronto-listed Horsham has completed a 25-year debt financing with gross proceeds of US$550 million. The debentures will carry an interest rate of 3.25% and be indexed to the common share price of ass…
LAST BUT NOT LEAST — Cyprus to explore Guinea
Under an agreement with Guinean government, Cyprus Amax Minerals (NYSE) can explore for gold in the region known as Mandiana Prefecture. The area has an extensive gold mining history, with some deposi…
LAST BUT NOT LEAST — Private placement by SouthernEra
Diamond explorer SouthernEra (TSE) has completed a private placement of 1.4 million units to a group of European investors. Each unit consists of one common share and one half-share purchase warrant a…
Goldbelt provides review extension
Pegasus Gold (TSE) has been given a 3-month extension to complete a due diligence review of its proposed alliance with Goldbelt Resources (VSE). In mid-September, it was announced Pegasus would inject…
Homestake discovery triggers staking rush
A gold discovery by Homestake Mining (NYSE) has triggered a staking rush in the southern portion of the Battle Mountain-Eureka trend in eastern Nevada. A recent hole drilled by the major encountered 0…
Manitoba’s mining-friendly and open for business
Manitoba is mining-friendly and open for business. That was the message of provincial Mines Minister Donald Orchard here at the 25th Annual Manitoba Mining, Minerals and Petroleum Convention. And to h…
NEWS ROUNDUP — Hemlo to sell Central Crude stake
Gold producer Hemlo Gold Mines (TSE) is looking to sell its 48% interest in Central Crude (TSE) and its 60% interest in the Eagle River gold project, near Wawa. The decision followed a review of Eagle…
Lo Increible elicits high hopes for Labyrinth
Exploration is under way on Venezuela’s Lo Increible property, and expectations are running high. Labyrinth Resource (VSE), which has a market capitalization of close to $90 million, holds an option o…
Low copper prices force Gibraltar closure
Persistently low copper prices have prompted Gibraltar Mines (TSE) to shut down its mine and mill at McLeese Lake, B.C. Staged layoffs took effect Nov. 26; mining and milling ceased four days later. D…