Private funding for Kenora prospect
A private company from Alberta has agreed to raise the financing required to begin advanced exploration on Kenora Prospectors and Miners’ (CDN) gold prospect in northwestern Ontario. In return for an …
Articles by Northern Miner Staff
Technological improvements bolster Campbell mine
In an age when precious metal producers are struggling with the bottom line, the Campbell mine of Placer Dome (TSE), in the heart of the Red Lake gold camp, is ploughing through tough times with an en…
Analyst bullish on base metals
When we entered the current recession seems not to be an issue, but when we started to come out of it is, writes metals analyst Ray Goldie of securities firm Richardson Greenshields: In March 1990, th…
Golden West ground expanded
Additional mining claims adjoining the Golden West property in La Paz Cty. were recently acquired by HRC Development, expanding the private group’s holdings in this region of Arizona. The ground will …
San Andreas acquiring Hunt mine
Over a decade ago, silver speculators Nelson and William Hunt of Texas spent over $64 million to build a mine at Prairie Creek, a high-grade zinc-lead-silver-copper deposit about 300 miles west of Yel…
Valdez reports loss for 1991
A net loss of $6.5 million was reported for 1991 by Valdez Gold (ASE), which has a 25% interest in the Valdez Creek gold placer mining project in Alaska. For the first quarter of 1992, the company rec…
Inland Gold and Pegasus terminate proposed merger
Due to a lack of shareholder response, Inland Gold and Silver (NASDAQ) and Pegasus Gold (TSE) will not proceed with a previously proposed merger. Pegasus offered Inland shareholders the equivalent of …
Franklin awarded top medal twice at GAC-MAC meeting
(Staff) — The Duncan R. Derry Medal — the highest award that can be bestowed on a geoscientist in Canada — was given here twice recently to Jim Franklin of the Geological Survey of Canada (GSC). Th…
Shaft being deepened at Joe Mann
Deepening the No. 2 shaft at the Joe Mann gold-copper mine of Campbell Resources (TSE) southwest of Chibougamau, Que., to 2,700 ft. is under way. The shaft excavation and related work is expected to b…
Mining at Casa Berardi Est to resume in July, says TVX
The Casa Berardi Est gold mine in northwestern Quebec is expected to be back in operation by mid-July, TVX Gold (TSE) President Martin Robinson said at the company’s annual meeting in Toronto. Operati…
Chile’s Codelco looks north for exploration partners
A new law passed by the Chilean government has paved the way for Canadian mining companies to participate in exploration joint ventures with Codelco, Chile’s largest company. For the first time since …
Trail smelter operation adds to Cominco losses
All mining operations of Cominco (TSE) were profitable in 1992 with the exception of the Trail smelter, which lost $53 million, and the Sullivan mine which lost $19 million. As a result, Cominco repor…