First Dynasty gets green light in Armenia
Despite the gloomy gold market, First Dynasty Mines (FDM-T) is entering the new year with a bang.Recently completed independent prefeasibility studies give the “thumbs-up” sign for the redevelopment o…
Articles by Northern Miner Staff
Rayrock shelves reorganization plan
A reorganization plan that would have consolidated Rayrock Yellowknife Resources (RAY-T) with two affiliated companies did not receive enough support from shareholders, thus forcing Rayrock management…
EDITORIAL — Fraser Institute blames government policies — B.C. rating lowest in Canada
Mineral-rich British Columbia has been rated “the least attractive” province for new exploration investment by a Fraser Institute survey of senior and junior mining companies operating in Canada.The B…
AMF sues Anglo over Kolwezi tailings project
America Mineral Fields (AMZ-T) has filed suit against giant South African mining house Anglo American after the Democratic Republic of Congo’s state mining agency, Generale des Carrieres et des Mines,…
Miramar scales back Con operations to cut costs
In response to continued low gold prices, Miramar Mining (MAE-T) is scaling back mining and milling at its Con gold mine in Yellowknife, N.W.T, and taking a $40 million write-down against the project….
NEW HORIZONS — Silver and the sun
Solar Two, the latest advance in the use of mirror technology for the conversion of solar energy to electric power, is now operational. Dependent on silver-coated mirrors for the highest possible refl…
Laminco and Aur Resources complete $250,000 private placement — Consolidated Abitibi and Laminco to amalgamate
A proposed transaction among Aur Resources (AUR-t), Laminco Resources (LMR-T) and Consolidated Abitibi Resources (CAG-M) will create a new company with more than $3 million in working capital and sign…
DIAMOND PAGE — Asian economic woes hurt CSO diamond sales
De Beers Consolidated Mines (DBRS-Q) earned US$4.64 billion in 1997 from sales of rough diamonds, compared with a record US$4.83 billion in the previous year.De Beers sells its diamonds, and other com…
Cayman court freezes Felderhof assets — Bre-X bankruptcy trustee will also seek release of FIA report
The assets of John Felderhof, Bre-X Minerals’ former vice-chairman, may not be as secure as some had thought.The Grand Court of the Cayman Islands has granted an injunction preventing Felderhof, his w…
St Andrew raises funds
St Andrew Goldfields (SAS-T) has completed a private share offering to raise gross proceeds of $5 million.The deal, which was arranged by St. James Securities, comprised 500,000 flow-through shares an…
Boliden extends Westmin takeover deadline
Base metals major Boliden (BOL-IR-T) has moved back the expiration date of its takeover bid of Westmin Resources (WMI-T) to January 21 from January 9.In exchange for the bid extension, Westmin agreed …
PEOPLE — PEGASUS GOLD (January 12, 1998)
John W. Pearson appointed vp investor relations.