Pacific Rim enters financing deal
Pacific Rim Mining (PFG-V) will use proceeds from a $12.7-million equity financing to accelerate exploration of its Cerro Blanco and La Colorada properties in northwestern Argentina and fund future ac…
Articles by Northern Miner Staff
STOCK MARKETS — Tumbling gold price depresses TSE
Over the report period ended March 18, the Toronto Stock Exchange reversed the gains it had made during the previous week, and then some.The TSE Composite 300 index dropped 176.18 points (or 2.8%), cl…
Minefinders stages $15-m financing
A special warrant financing to the tune of $15 million is being arranged by Minefinders (MFL-V).Three investment firms — Nesbitt Burns, Midland Walwyn Capital and HSBC James Capel Canada — will buy …
Homestake studies bio-oxidation process
Homestake Mining (HM-N) and Codelco, the Chilean state-owned mining agency, are studying the feasibility of using bio-oxidation techniques to process refractory material at the Agua de la Falda gold p…
LionOre gobbles gold producer
Former iron ore miner LionOre Mining International (LIM-T) has acquired control of Australian gold producer Forrestania Gold.LionOre presented Forrestania shareholders with two options: one LionOre sh…
NEWS ROUNDUP — Tri Origin Exploration options Burntbrush gold property
Tri Origin Exploration (TOE-T) will acquire the Burntbrush property, 150 km north of Timmins, Ont., in return for making unspecified exploration expenditures.The 50-sq.-km property was previously expl…
Indochina to sell Vietnamese properties
Indochina Goldfields (ING-T) will sell its interests in two adjoining gold exploration prospects in Vietnam to Olympus Pacific Minerals (OYM-V).The sale, worth US$7.5 million in cash and shares, would…
MOST ACTIVE ISSUES, Mar. 12-18
ExchgVol(000s)CloseSpider ResA96560.61Maximum ResV…
Chivor’s Oriente mine flowing green
Chivor Emerald (CHIV.U-C) has achieved commercial production at its Oriente mine, which lies in the Chivor district of Colombia.The emeralds are being mined from a vein system recently discovered at w…
Newmex Mining and Santa Cruz announce Mexican merger proposal
Affiliated juniors Newmex Mining (MEX-T) and Santa Cruz Gold (SCG-T) have begun discussing a “business combination.”Newmex is a wholly owned subsidiary of Great Lakes Minerals (GLK-T) created to contr…
Profits nosedive for Black Hawk
Despite improved operating results at the Keystone gold mine near Lynn Lake, Man., the writedown of an exploration property left Black Hawk Mining (BHK-T) with a loss of $4.1 million (or 2 cents per s…
THE DIAMOND PAGE — Mountain Lake Resources set to drill concessions in South Africa
Drilling is under way at the Hartbeestlaagte 146 (H-146) and Zwartrand 145 (Z-145) diamond concessions in the Northwest Tansvaal province of South Africa.The concessions, which comprise 83 sq. km, are…