Wheaton River advances Bellavista
Wheaton River Minerals (WRM-T) has received encouraging results from column-leach tests on two composite samples taken from its Bellavista gold deposit in Costa Rica.The Toronto-based company, which o…
Articles by Northern Miner Staff
Falco shutting Kidd copper smelter for two weeks
Falconbridge (FL-T) will close its Kidd Creek smelter for two weeks at the end of March as a result of lower copper production and prices.Production at the Kidd Creek operation, which consists of thre…
Kemess costs plague Royal Oak — Company may restructure debt or issue shares to finance mine
A sizable cost overrun at the Kemess gold-copper project in north-central British Columbia has pulled Royal Oak Mines (RYO-T) into troubled financial waters.The company recently announced that its cap…
TORONTO STOCK EXCHANGE INDICES (March 23, 1998)
1998Mar.17Mar.16Mar.13Mar.12Mar.11HighLowComposit…
Geomaque keeps up profitability
Geomaque Explorations (GEO-T) held its position as a profitable junior gold producer in 1997, posting earnings of $1.6 million (or 4cents per share).This figure includes a one-time charge of US$698,00…
Menora outlines Peruvian deposit
Results from a reconnaissance field program suggest that the Julcan I property in north-central Peru has potential for hosting an economic gold depost, Menora Resources (MEN-M) reports.Situated 112 km…
Northern Orion pours first gold
Northern Orion Explorations (NNO-T) poured its first bar of gold at the newly constructed leach facility at the Mantua mine, 240 km west of Havana, Cuba. The event marks the Vancouver-based junior’s f…
Echo Bay defers payments
Echo Bay Mines (ECO-X) will defer cash payments on US$100 million in capital securities.The second semiannual payment on the securities, which were issued in March of last year, is due in October and …
Venezuelan congressman challenges Crystallex — Congressional committee offers papers to OSC
Calling the court actions launched by Crystallex International (KRY-T) “judicial privateering,” a Venezuelan congressman told an investment conference here that the company’s claims to legal title to …
Etruscan, Placer Dome hit more gold mineralization at Samira
Results from seven deep holes drilled at the Samira gold project in southwestern Niger have enabled partners Etruscan Resources (EET-T) and Placer Dome (PDG-T) to confirm the deposit’s continuity at d…
Convention expands despite industry slump — PDAC honors Rebagliati and Keevil at awards ceremony
While the delegates at the 66th annual Prospectors and Developers Association of Canada (PDAC) convention walked with less of a swagger and spoke with less bravado than in 1997, they nonetheless showe…
Antamina gets green light — But Inmet incapable of financing its full 50% interest
Partners Rio Algom (ROM-T) and Inmet Mining (IMN-T) have completed a positive feasibility study of the huge Antamina copper-zinc project in Peru.The fast-tracked study, compiled by Bechtel Internation…