Eldorado sells Energold stake
Eldorado Gold (ELD-T) has sold its 37.5% interest in Energold Mining (EDG-V).Yorkton Securities, First Marathon Securities, Goepel McDermid Securities and Haywood Securities together purchased Eldorad…
Articles by Northern Miner Staff
Richmont enjoys superb quarter
More gold at lower costs, is the simple explanation behind Richmont Mines’ (RIC-T) stellar performance in the first quarter of 1998.The Rouyn-Noranda, Que.-based gold miner earned $961,975 (or 6cents …
Drills turn at Hackett River
Drilling is under way at the Hackett River base metal project near Bathurst Inlet, N.W.T., reports Etruscan Resources (EET-T).The 7,500-metre program, scheduled for completion by the end of August, wi…
World Wide launches Kazakstan lawsuit
As threatened last fall, Toronto-based World Wide Minerals (WWS-T) and Denver-based uranium trader Nuclear Fuel Resources have initiated legal action against the Republic of Kazakstan in the United St…
La Manchuria assays lower than anticipated
Assay results from the last five holes drilled on the Manchuria gold-silver property in Argentina did not match results from hole LM-2, Abacus Minerals (AMC-V) has reported.Hole LM-3 intersected 24.1 …
Anglo options Barrick’s African properties
In a move its chairman described as “pulling in our horns,” Barrick Gold (ABX-T) has dealt options on its West and Central African gold projects to South African-based mining house Anglo American.The …
METAL PRICES -Daily Metal Prices
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateMay 12May 11May 8May 7May 6…
Stratabound drilling expands Mexican polymetallic property
Drilling at the Sierra Azul lead-zinc-silver property in Mexico’s Coahuila state has extended mineralization down dip from the past-producing Santa Genoveva mine.Owner Stratabound Minerals (SB-A) repo…
Despite year-end loss, Cambiex remains active
Cambiex Exploration (CBX-T) incurred a loss in 1997 as a result of the devaluation of one project and the abandonment of several others.On its home turf of Quebec, Cambiex and its affiliate, Cambior (…
New zone at Callinan mine spells good news for HBM&S
A new zone has boosted resources at the Callinan polymetallic mine of Hudson Bay Mining & Smelting (HBM&S), near Flin Flon, Man., the company has reported.Total resources at the new zone, dubbed the T…
Canada co-operates with Chile
Canada and Chile have agreed to work together on efforts aimed at the sustainable development of minerals and metals. A memorandum of understanding on the issue is expected to be signed by the two cou…
EDITORIAL — ME advocates “competent person” rule — Making the most of milestones
Several anniversaries relevant to the mining industry — some more pleasant than others — came and went during the first week of May.The first anniversary of the unmasking of Bre-X Minerals’ fool’s g…