Juniors close deal
With both companies’ boards signing a final merger agreement, Queenstake Resources (QTR-T) and Santa Cruz Gold (SCG-T) are set to seek shareholder approval for the merger.Under the merger plan, both c…
Articles by Northern Miner Staff
QUERY — Aconic, Lomega both gone
Could you check to see whether the companies on the enclosed certificates, Aconic Mining Corporation and Lomega Explorations Limited, still exist, or whether they are under another company name? Anyth…
Teachers buy Inmet shares
Recent insider trading transactions reported by the Ontario Securities Commission in its OSC Bulletin include the following:Armada Gold (AAU-T) — John Hopkins, director, sold 100,000 shares indirectl…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Producers suffer as gold sinks further
Anyone who thought things could not get any worse should think again. The yellow metal dropped another $1.15 during the report period May 19-25, to land at US$271.20 per oz. on the morning of May 26.G…
DIAMOND PAGE — Cominco halts expansion
Low zinc prices have prompted Cominco to postpone, until next year, an expansion program at its Cajamarquilla zinc refinery in Peru.The first phase of the expansion, which increased production by 20,0…
Quinsam, Hillsborough go belly-up
In a final attempt to restructure its debt, Quinsam Coal has filed for creditor protection and suspended operations at its coal mine near Campbell River, B.C. As a result, 120 unionized workers have b…
Maracote focuses on Halley property
Junior Maracote International Resources (MCE-V) will begin a second phase of drilling on its Halley gold-silver property in south-central Peru.The 3,000-metre diamond drill program will test for gold …
Navigator Exploration tests targets
Having recently completed ground geophysics on 33 targets in the Northwest Territories, Navigator Exploration (NVR-A) is set to drill-test up to six of these. They are situated at the southern end of …
Geomaque turns profit
Record output and lower cash costs kept Geomaque Explorations (GEO-T) profitable in the first quarter.The junior miner earned US$89,000 on revenue of US$6.17 million, compared with US$107,000 on US$4….
Int’l Curator seeks funds for Crowsnest
International Curator Resources (IC-T) has amended a previously announced private placement; the financing now consists of 1.85 million shares and 1.27 million units priced at 35 cents per share or un…
PRECIOUS METALS — Juniors busy in Argentina
Yamana Resources (YRI-T) holds a portfolio of 20 properties in the emerging western Santa Cruz silver district, including the Lejano and Bacon properties, where discoveries of bonanza-grade silver wit…
Yamana buoyed by Argentine results
Spectacular silver and gold grades in two drill intersections have tripled the price of shares in Yamana Resources (YRI-T).The assays, from two diamond drill holes at the Veta Martha prospect at the B…