Breakwater clears hurdle
Agreements between Breakwater Resources (BWR-T) and its lenders will allow an 85.8-million-share issue to go ahead, providing the financially troubled base metal miner with a cash infusion of $30 mill…
Articles by Northern Miner Staff
Severin to address CIM
Paul Severin, vice-president of exploration for Toronto-based Noranda, will be the featured speaker at the next luncheon meeting of the Toronto branch of the Canadian Institute of Mining, Metallurgy a…
Funding scheme saves coal jobs in UK
More than 4,000 coal-mining jobs in the U.K. will be secured and 300 more jobs created as part of a 52-million investment package for 12 mines in England and South Wales.Twelve projects at mines in N…
Royal Gold to bankroll Capital
New York-based junior Capital Gold celebrated a watershed financing that paves the way for construction of its El Chanate mine in Sonora state, Mexico.Denver-based Royal Gold is supplying the entire c…
Green light for Fazenda Nova
Following a positive feasibility study, Yamana Gold (YRI-T) has decided to put its Fazenda Nova project, in Brazil’s Goias state, into production.The planned operation, which comprises a group of smal…
The Northern Miner Indices (December 08, 2003)
North American Mining: 110.07 (+7.47)Small Producers: 111.93 (+11.95)(Sept. 30/98 = 100)…
Teck, EPA at loggerheads
Talks have broken off between enforcement staff of the U.S. Environmental Protection Agency (EPA) and Teck Cominco (TEK-T), after the EPA refused an offer from the company to fund environmental site e…
De Beers to bring Gahcho Kue to feasibility (December 08, 2003)
Budgets have been approved for a full feasibility study at the Gahcho Kue (Kennady Lake) diamond property in the Northwest Territories. The project is being operated by De Beers Consolidated Mining on…
The No-parking zone
Ontario prospectors are shortly to gather for an annual show-and-tell session in Toronto, making this week a convenient time to take a look at how that part of the mineral industry is faring.Certainly…
Spot Prices Tuesday, Dec. 2, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$401.35+9.85Silver$5.46+0.25Platinum$776.00+18.00…
Jaguar Nickel fires up pilot plant (December 08, 2003)
Junior Jaguar Nickel (JNI-T) has started up a pilot plant designed to test the viability of its proprietary atmospheric chloride-leach process on ore samples from the Sechol nickel-cobalt laterite pro…
Madsen program shapes up for Claude, Placer
Red Lake, Ont. — The Red Lake gold camp of northwestern Ontario had, over the years, come to look fairly simple: two big mines, one very big orebody, and very little going on outside the fences at Ca…