Golden Star vends Eagle Mtn
Golden Star Resources (GSR-X) has decided to sell its Eagle Mountain gold property to the operators of the Omai gold project, also in Guyana.Ownership of the Omai project is divided between Cambior (C…
Articles by Northern Miner Staff
Aur’s earnings deflate
Caught in the web of depressed metal prices, Aur Resources (AUR-T) saw its second-quarter earnings squeezed by an astonishing 93%.The Toronto-based company earned $488,000 on revenue of $25 million fo…
DIAMOND PAGE — Ashton continues work at Buffalo Hills
The final three of nine kimberlites discovered last winter on the Buffalo Hills project in north-central Alberta have proved to be barren.Only one micro (less than 0.5 mm) was recovered from the K-32 …
DIAMOND PAGE — SouthernEra samples till at Back Lake
SouthernEra Resources (SUF-T) has resumed exploring the Back Lake project in the Northwest Territories. The company is attempting to find the source of glacially transported kimberlite boulders on the…
EDITORIAL — Anti-mining initiative on ballot — Straight Talk
Montana is cowboy country, where common sense and straight talk are still hailed as home-grown virtues. It’s mining country too, with the Stillwater operation noted for being the only primary producer…
Boliden walks from Vizcachitas joint venture
Toronto-based base metals major Boliden (BOL-T) has cancelled its joint-venture agreement with Denver-based General Minerals (GNM-T) regarding the Vizcachitas copper porphyry in central Chile.Boliden,…
Mountain Lake buys into Valentine Lake
Mountain Lake Resources (MOA-V) is earning a half-interest in the Valentine Lake project in central Newfoundland.In return, the junior has agreed to spend $750,000 on exploration over four years, of w…
Ashanti triumphs over power crunch
Despite being pinched for power, Ashanti Goldfields (ASL-N) posted record production and lower costs during the second quarter.An ongoing drought in Ghana severely limited power for the company’s mine…
Denison earnings tumble
Uranium and oil producer Denison Mines (DEN-T) saw its second-quarter earnings dramatically reduced as a result of lower oil output and prices.For the three months ended June 30, Denison earned $2.4 m…
Meetings (August 10, 1998)
Aug. 10, EdenAug. 10, LayfieldAug. 10, Newcoast SilverAug. 10, Upton CopperAug. 11, Canadian ShieldAug. 11, TuscanyAug. 11, ZorinAug. 12, EastonAug. 13, AMI Res.Aug. 13, GoldzoneAug. 13, KenrightAug. …
Vengold boosts stake in Lihir gold mine
Vengold (VEN-T) has purchased a further 6.5% stake in the Lihir gold mine in Papua New Guinea. The $133.5-million acquisition raises its interest to 19%, making it the largest of Lihir’s stakeholders….
Mining fog gets attention
Delegates from 50 countries recently met in Vancouver, B.C., to discuss a new kind of mining that might revive areas with chronic water shortage problems.The notion of tapping into life-giving fog to …