Copper prices take a tumble
Labor problems and a mine explosion in South America, rising inventories in London Metal Exchange (LME) and New York Commodity Exchange (Comex) warehouses and backwardation on both exchanges seem to h…
Articles by Northern Miner Staff
Metall bids for copper producer
Toronto-based Metall Mining (TSE) has finally done what it has promised to do for the past couple of years. By agreeing in principle to pay $85 million(US) for all the outstanding shares of Michigan-b…
What old gold mines threw out may now be economic
Gold is found in a variety of geological settings. One of the primary sources for the precious metal growing in popularity these days is old tailings ponds. Energy, Mines and Resources Canada estimate…
Roddy options Gold Bar
Roddy Resources (TSE), an Arizona gold producer managed by Belmoral Mines (TSE) which has a substantial interest in Roddy, has optioned a new property known as the Gold Bar in the Wickenburg area of A…
Moss Lake drilling highlights West zone
Results from three of eight holes drilled on the Moss Lake project in northwestern Ontario are “proving up an area where there were no values before,” says Storimin Exploration (ASE) President, A. E. …
Bissett mine sale revised
By mutual agreement, Cassiar Mining Corp. (TSE) and Rea Gold Corp. (TSE) have agreed to revise the terms of a letter of intent that will result in the sale of the Bissett gold mine and mill located at…
Montreal Exchange Market races on
The market continued to gather strength this past week, although the resources sector seemed to lose some of its steam in a mixed-trading performance; the mining and minerals index closed up 13.5 pts….
Card Lake to drill
A diamond drilling program is set to start this month on Card Lake Resources’ (COATS) Tumpline Lake polymetallic property. Located 90 km northeast of Yellowknife, N.W.T., the Tumpline claims are held …
Vancouver Stock Exchange Gold’s slump doesn’t slow trading
It has been said the two main things (outside of good promotion) that drive the Vancouver market are good drill results and healthy metal prices, particularly gold. Although the yellow metal is still …
Enthusiasm for Int. Viking sparked by magic of Pezim
The appearance of International Viking Resources on the Alberta Stock Exchange was greeted recently with a degree of enthusiasm not usually afforded to a new Alberta listing. But it was the man behind…
Placer `monitoring’ Newmont situation
Placer Dome (TSE) Chairman Fraser Fell has refused to comment on recent reports that his company is interested in acquiring Consolidated Gold Fields’ 49% stake in Newmont Mining Corp. of New York, N.Y…
Environmental shortcomings temporarily close Hope Brook mill
Milling operations at the Chetwynd gold mine operated by Hope Brook Gold (TSE) have been temporarily suspended. Situated near the southern coast of Newfoundland, the mine entered commercial production…