Tenke raises funds for Fungurume
Junior Tenke Mining (TNK-T) will borrow US$127 million from Investec Bank of South Africa for the first phase of development work at the Tenke Fungurume copper-Cobalt project in the Democratic Republi…
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NEVADA — Cortez joint venture reaches commercial production levels
Partners Placer Dome (PDG-N) and Kennecott are producing commercial quantities of gold at the Pipeline deposit in central Nevada.The project is part of the Cortez joint-Venture, which includes three d…
NEVADA — South Pipeline interest adds to Royal revenue
Net income of US$1.1 million (or 7 cents per share) was reported by Royal Gold (RGLD-Q) for the second quarter of its 1997 fiscal year, compared with a loss of US$268,647 in the same period last year….
Northern Orion enters JV in Argentina
The Argentine subsidiary of Northern Orion Explorations (NNO-T) has formed a joint venture with Mexican silver giant Penoles on the Tres Hermanas property in Santa Cruz province.To earn a half interes…
NEVADA — Merger with Santa Fe pushes Newmont to top spot — Half of 1997 exploration and development costs earmarked for Nevada projects
With anticipated gold production of 3.7 million oz. in 1997 and 4.1 million oz. in 1998, Newmont Mining (NEM-N) is now North America’s largest producer of the yellow metal. In the world, it is second …
NEVADA — Nevada gold operations foundation of Barrick empire — Goldstrike to mine 2 million annually into next century
The Busang project in Kalimantan may have had more allure and sizzle for a time, but the Goldstrike property in Nevada’s Carlin trend was never in danger of losing its place as the production cornerst…
EDITORIAL AND OPINION — Canadian voters an unpredictable lot — Electing an Opposition
The steady hand of Paul Martin on the helm of the Canadian economy is probably the greatest strength of the Liberal party as it seeks another term in Ottawa and the re-election of Prime Minister Jean …
Party leaders, McLellan speak out on mining issues — Land claims, regulatory reform among most pressing concerns
At the beginning of the federal election campaign, The Northern Miner invited all five party leaders to participate in a brief interview about issues concerning the mining industry.Three of the leader…
NEVADA — Echo Bay Mines forms strategic alliance with Fairmile — Exploration program to test Buffalo Valley gold property
Based on a recent letter agreement, Echo Bay Mines (ECU-T) will enter into an alliance with Fairmile Gold (FLA-A), a junior company exploring the Buffalo Valley property in Nevada.Fairmile’s property …
Pacific Rim to explore Leticia
Pacific Rim Mining (PFG-V) has formed a joint venture with Miranda Industries (MAD-V) on the Leticia concession in southern Mexico.Pacific Rim can earn a 51% interest in the 100-ha property by making …
NEVADA — Royaledge options ground
Under the terms of a lease agreement, Royaledge Resources (RYE-V) has acquired the mineral rights to 6,680 acres on the Carlin trend, near Newmont Gold’s Gold Quarry mining properties.Through a transa…
NEVADA — Round two begins at Jessup
Echo Bay Mines (ECO-T) has completed its second round of drilling on the Jessup gold property in northern Nevada’s Churchill Cty.The Denver-based major completed more than 36 reverse-Circulation holes…