Wayside to buy rest of Cariboo
International Wayside Gold Mines (IWA-V) will buy, from partner Mosquito Consolidated Gold Mines (MSQ-V), the remaining half of the Cariboo Gold Quartz property that it does not already own.As part of…
Articles by Northern Miner Staff
Ajo copper mine to undergo improvements
Phelps Dodge (PD-N) will reopen the Ajo copper mine in southwestern Arizona.The company plans to spend US$238 million to refurbish the former open-pit operation. Construction is scheduled to begin ear…
Aurizon shelves Vior’s Douay-Ouest — Reports $344,000 loss for first quarter
Citing low gold prices, Vancouver-based Aurizon Mines (ARZ-T) is delaying the development of Vior Mining Exploration’s (VIO-M) wholly owned Douay-Ouest property.The property is 50 km north of Aurizon’…
Kenrich explores near Stewart, B.C.
Kenrich Mining (KRC-V) is carrying out a $1.6-Million exploration program on the Corey polymetallic property in northern British Columbia.Plans call for an airborne geophysical survey to be flown over…
Drilling planned for Cabo’s Cuban gold-Copper play
Cabo Exploration Ventures (CVE-V) is preparing to drill the Trinidad concession in south-Central Cuba.The program will begin following geophysical work, now in progress, on the San Juan and Cortinas p…
ODDS ‘N’ SODS — Eldorado the beautiful, Part 2
Between early February and late June of 1939, Canadian artist and Group of Seven member Franz Johnston completed more than 100 paintings and dozens of pencil and pastel sketches at the Eldorado mine, …
Cerro Colorado enters feasibility stage in Panama
Toronto-based Tiomin Resources (TIO-T) has awarded a contract to an independent engineering firm to study the feasibility of developing its Cerro Colorado porphyry copper deposit in Panama.Kvaerner Me…
STOCK MARKETS — Vancouver market comes out ahead as Alberta follows suit — Some Indonesia explorers gain ground; American Bullion questioned for poor showing
The Vancouver Stock Exchange posted its first winning week in six weeks, rising 32.82 points to close at 1,045.67 points for the report period ended May 13.The Alberta exchange rose 73.31 points to cl…
MOST ACTIVE ISSUES, May 7-13
ExchgVol(000s)ClosePure Gld ResT445190.48Placer DomeT…
Gold Funds (May 19, 1997)
Gold Funds as of May 8, 1997BGRCentralNet Value$21.10$5.89Price$16.00$5.8…
Golden Knight posts $56.1-Million loss for 1996
The $58.8-Million writedown of its 40% carried interest in the Casa Berardi joint venture resulted in a loss of $56.1 million for Golden Knight Resources (GKR-T) in 1996.The loss is considerably great…
Correction (May 12, 1997)
The Koma Bangou gold property of Etruscan Enterprises (EET-V) is in Niger — not Mali, as reported in our March 17 issue.