Coeur secures permits for Kensington
Coeur d’Alene Mines (CDE-N) has received permission to develop, the Kensington gold project, 45 miles north of Juneau, Alaska.The company is engaged in studies with independent consultants aimed at lo…
Articles by Northern Miner Staff
Flooding seals fate of Potacan mine
Unstoppable flooding has drowned the future of the Potacan potash mine near Sussex, N.B.Water that is believed to have originated in a vast underground reservoir began to seep into the mine in June. C…
Westmin to buy into Chilean copper project
Westmin Resources (WMI-T) is acquiring the right to earn a 51% interest in the Vizcachitas copper porphyry project in central Chile.The vendor, Denver-based General Minerals (gnm-t), will receive US$1…
Echo Bay takes writedown
Echo Bay Mines (ECO-T) took a writedown of US$309.8 million for the third quarter, resulting in a net loss of US$327.5 million (or $2.36 per share).Not including the restructuring charge, the loss amo…
Ashanti hits more gold in Ghana
Ashanti Goldfields (ASL-N) has hit high-grade gold intersections at its Obuasi open-pit mine in the Ashanti region of south-central Ghana.Diamond drilling from underground encountered a 21-metre inter…
A few desperate men and a salt shaker — An excerpt from The Northern Miner’s Bre-X: Gold Today, Gone Tomorrow
In March 1993, David Walsh picked up the phone, tracked down John Felderhof and said he wanted to come to Indonesia to look at mineral properties for his latest junior company, Bre-X Minerals.Walsh la…
COMMENTARY — Planning for our future
This is a time when Canadians should be considering and encouraging the startup of new mines across Canada, and time is of the essence.For too long, governments and communities have complacently accep…
GOLD FUNDS (November 10, 1997)
Gold Funds as of October 30, 1997BGRCentralNet Value$16.89$5.73Price$13.00…
More juniors near Cross Lake
Juniors Greenshield Resources (GSR-M) and Moss Resources (MRS-T) plan to acquire a combined 50% interest in 58 claim units in Currie and Egan twps. of Ontario.The companies say the Curregan property i…
Placer, Etruscan revise deal
Partners Placer Dome (PDG-T) and Etruscan Resources (EET-T) have modified their agreement pertaining to the latter’s Tiawa gold concession in western Niger.Placer can now earn a 51% interest in the en…
DIAMOND PAGE — Kennecott keeps stake in SouthernEra
Kennecott Canada, a unit of Rio Tinto (RTP-N), has taken the financial steps necessary to maintain its 17% interest in diamond explorer SouthernEra Resources (SUF-T).Kennecott has taken up 173,670 uni…
DIAMOND PAGE — Ashton finds new kimberlite at Buffalo Hills
Drilling by Ashton Mining of Canada (ACA-T) has identified yet another kimberlite body at the Buffalo Hills project in north-central Alberta.The discovery brings to 17 the number of kimberlites found …