Cameco reports mixed results
Uranium and gold producer Cameco (cco-t) experienced higher revenues but lower earnings during the first quarter.The Saskatoon-based firm generated $114 million in revenue during the period, compared …
Articles by Northern Miner Staff
Moneta, Barrick hit more gold
Drilling on the Michaud gold property, east of Timmins, Ont., continues to return positive results for partners Moneta Porcupine Mines (me-t) and Barrick Gold (abx-t).Recently, in the central block of…
Royal Oak explores in Fiji
Washington state-based Royal Oak Mines (ryo-t) is headed to Fiji to explore for copper and gold.The mid-tier gold producer struck a deal with Placer Pacific Namosi to acquire the Namosi project, which…
EDITORIAL & OPINION — Busang’s casting call — Coming attraction
It is part of the human condition to seek comic relief when matters become too serious, which might explain the outbreak of black humor on Bay Street as investors in Bre-X Minerals await the results o…
Flooding, claims, taxes boost cost of Alumbrera — Rio Algom still predicts startup in third quarter
The cost of the Bajo de la Alumbrera copper-gold project in Argentina has surged to nearly $200 million as a result of record rainfall and additional expenses.The mine is still slated to open ahead of…
Madison hits high-grade gold
Drilling by Madison Enterprises (mad-v) at its Mt. Kare property in Papua New Guinea has returned high-grade mineralization.A 4.5-metre intersection from hole 5 — part of an 11-hole, 1,663.5-metre di…
Platinova considers reopening mine
Greenland-based Platinova (pas, pva.s-t) is evaluating the feasibility of mining pillars from the abandoned Black Angel zinc-lead-silver mine on that country’s western coast.From 1973 until its closur…
STOCK MARKET — Toronto composite index recovers strength as index rises — Base metals fare well; signs of life on the Bre-X Minerals front
Rebounding from a 2-week slump, the Toronto Stock Exchange 300 composite index gained a healthy 111.82 points (or 1.9%) over the report period ended April 22 to close at 5,855.37. Due in part to the w…
Ashton increases holdings in Buffalo Hills
Encouraged by its recent discovery of 11 kimberlite bodies in the Buffalo Hills area of north-central Alberta, Ashton Mining of Canada (ACA-T) has acquired a position in an additional 21-Million-Acre …
Rea proves up Centennial gold deposit in east Nevada
Initial results from confirmation drilling have verified the presence of gold mineralization at the Centennial deposit of the Mt. Hamilton mine in eastern Nevada.Rea Gold (REO-T) reports that the prog…
Cathedral puts Sterling gold mine on hiatus
Low levels of minable oxide reserves and the current gold price have induced Cathedral Gold (CAT-T) to suspend mining at its 90%-owned Sterling gold mine near Beatty, Nev.The remaining 10% interest is…
Falconbridge joins Labrador nickel search
Having lost the only “sure-Thing” nickel project in Labrador — Voisey’s Bay — to arch-rival Inco (N-T), Falconbridge (FL-T) has decided to spend a small portion of its $101-Million consolation prize…