Cominco looking for new deal at Highland
The Highland Valley copper mine in southern British Columbia will close its doors on May 15, unless the owners can negotiate significant wage and power concessions to keep the mine operating profitabl…
Articles by Northern Miner Staff
Diavik explores Pure Gold North
A ground geophysical survey program is testing up to three high-priority airborne anomalies on the Pure Gold North claims, 55 km east of the Ekati diamond mine in the Northwest Territories.Diavik Diam…
Royal arranges royalty conversion
Royal Gold (RGLD-Q) has converted its 20% net profits interest in Nevada’s South Pipeline deposit into a gross smelter royalty on both that and the main Pipeline deposits.Situated in the state’s centr…
Creditors draw curtain on Royal Oak — Witte attributes collapse to low metal prices, bad luck
The Ontario Court (General Division) finally shut down the show at gold producer Royal Oak Mines (RYO-T), putting the company into receivership when creditors could not agree on a restructuring deal.T…
LATIN AMERICA — 2002: a Peruvian mining odyssey — Antamina faces economic, social, environmental challenges
Augusto Baertl, president of Minera Antamina, is not one to downplay the challenges faced by the consortium of three Canadian companies developing the huge Antamina copper-zinc deposit in the Peruvian…
Northair hot on Venturina project
International Northair Mines (INM-V) continues to produce encouraging results at the Venturina project in Mexico’s Chihuahua state.The company is acquiring the project in return for paying US$138,000 …
LATIN AMERICA — Peru appears poised for mining revival
So common was gold in the ancient Incan empire that garments made of colourful feathers from jungle birds had more status than ones adorned by the yellow metal. Yet only now is Peru experiencing a gol…
LATIN AMERICA — Medallion, Advanced team up at Gui Gui property
Medallion Resources (MDL-V) has entered into an agreement to earn a majority interest in the Gui Gui lead-zinc-silver property in northern Mexico.The property, currently held entirely by Advanced Proj…
Converse resource doubles
A new resource calculation for the Converse gold deposit in Humboldt Cty., Nev., indicates there may be a substantially larger resource than had previously been estimated.Consulting firm Mine Developm…
LATIN AMERICA — NEWS ROUNDUP — Santa Cruz sells Lluvia de Oro
Toronto-based Santa Cruz Gold (SCG-T) is selling its suspended Lluvia de Oro gold mine in Mexico’s Sonora state.The company is to receive US$120,000 in cash from the unnamed buyer and will remove itse…
LATIN AMERICA — NEWS ROUNDUP — High American drills in Argentina
High American Gold (HIAM-C) has completed two diamond holes at its Oesteroche property in northwestern Argentina.The holes were sunk near a tourmaline breccia pipe following the recovery of soil and r…
LATIN AMERICA — Anglogold to expand operations in South America — Serra Grande, Morro Velho among mines acquired through Minorco merger
Even as Anglogold (AU-N) digests its recent acquisition of Minorco’s assets, the world’s largest gold producer is looking toward expansion in South America.Anglogold was formed last June through the m…