Articles by Northern Miner Staff

Regulators OK equity financing

Having received regulatory approval, First Quantum Minerals (FM-T) is proceeding with an equity financing of 4.6-7.6 million treasury shares.The shares, priced at $4.05 apiece, are being offered in On…


Resource sector drives CDNX

The Canadian Venture Exchange composite index tacked on 32.13 points, or 0.9%, to close the week ended June 5 at 3322.54. The mining index added 83.83 points, 1.2%, to its value and finished at 7228.1…




Placer squeezes more gold out of Pipeline

Denver — The start of mining at the South Pipeline deposit and an ore-sales agreement with the Jerritt Canyon operation are expected to contribute to a 17% increase in gold output at the Pipeline com…


Stillwater enjoys record year at mine

With a new chairman and chief executive officer at the helm, Stillwater Mining (SWG-A) is forging ahead with an ambitious expansion program at its namesake mine and East Boulder project in the Beartoo…


Golden Phoenix plans to resuscitate Mineral Ridge

Denver — Golden Phoenix Minerals (GPXM-O) intends to resume production at the Mineral Ridge mine in southwestern Nevada. To do so, the Reno-based company will try to secure US$2 million in financing …


Soledad Mtn written down

Denver — Low gold prices have forced Golden Queen Mining (GQM-T) to write down the value of the Soledad Mountain project in southern California. The company posted a net loss of US$28.9 million for 2…


Noranda drills Nfld copper prospect

Toronto-based Noranda (NOR-T) has begun a first phase of drilling at the Blue Point copper prospect, part of the Red Cliff project in eastern Newfoundland.Blue Point is a gently dipping, coastal expos…




Newmont resumes search at Limousine Butte

In preparation for a third round of drilling on the Limousine Butte gold property in east-central Nevada, a field crew from Newmont Mining (NEM-N) has begun soil sampling and ground geophysics prior t…


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