Asamera reports first-quarter loss
Lower prices for both gold and silver led to a first-quarter loss from operations of US$323,000 for Asamera Minerals (TSE), compared to modest earnings of US$38,000 a year earlier. The first-quarter …
Articles by Northern Miner Staff
Harsh winter, low gold price increases Hope Brook’s loss
Although Hope Brook Gold Mines’ (TSE) first-quarter production of 23,252 oz. was on par with last year’s quarterly output, lower gold prices and severe winter weather doubled the gold miner’s losses. …
Sabin approved for Nymex listing
Sabin Metal Corp. has been approved for listing on the New York Mercantile Exchange (Nymex) as an assayer/refiner for delivery of platinum and palladium futures contracts. Sabin joins similarly liste…
Analysts question Hemlo’s ability to benefit from deal
Hemlo Gold (TSE) President John Harvey says Noranda’s (TSE) recent offer to sell its gold assets to Hemlo in exchange for $80 million worth of shares is geared to providing a springboard for future gr…
$2 million for Iskut properties
A $2-million exploration program has been proposed by Thios Resources (VSE) and Eurus Resource (VSE) for their Rock & Roll and Bornagain properties in the Iskut River district of northwestern British …
Spokane meeting reviews ore deposits worldwide
Diversification for the ’90s” was the theme for the Pacific Northwest Metals & Minerals Conference recently held here. It featured a symposium on platinum and base metal deposits in North America. The…
Columbia increases Spectrum to 100%
In a move to increase its interest in the Spectrum property to 100%, Columbia Gold Mines (VSE) has renegotiated its option agreement with property owners Northair Mines (TSE) and Calnor Resources (VSE…
Name change for Malartic
Shareholders of gold producer Malartic Hygrade Gold Mines (Canada) (VSE) recently voted in favor of a corporate name change to Republic Goldfields Inc. The company, with producing properties near Val…
U.S. REPORT Positive study for Fairbanks on Fort Knox
The prefeasibility study on the Fort Knox property indicates the deposit can be mined profitably as a large scale open pit operation. The project is about 15 miles northeast of Fairbanks, Alaska, and …
CDDA’s 50th anniversary to include New Orleans trip
Everyone knows everyone in the Canadian diamond drilling industry, and that is clearly evident at the Canadian Diamond Drilling Association’s annual convention. Although it is a highly competitive bus…
Falconbridge pursuing Mirage in hopes of finding Sudbury twin
Nickel producer Falconbridge has staked an additional 358 claims along the Wanapitei anomaly near Sudbury, Ont., and is planning to drill the large magnetic structure later this year. Sometimes called…
Quebec budget troubles geologists
The Association of Professional Geologists and Geophysicists of Quebec (APGGQ) is not impressed by the lack of additional support for mining exploration financing in the recent Quebec budget. The asso…