Tailings spill hampers bottom line of Placer
A tailings spill at the Marcopper copper mine in the Philippines continued to haunt Placer Dome (PDG-T) in 1996, contributing to a loss of US$65 million (or 27 cents per share).By comparison, the comp…
Articles by Northern Miner Staff
Northern Orion sizes up copper-gold deposit in western Argentina
Northern Orion (NNO-T) has announced a new resource estimate for its Campana Mahuida copper-gold deposit in western Argentina.Based on 107 drill holes and a cutoff grade of 0.25% copper, the geologic …
Western Copper expands Mexican land position
In north-central Mexico, Western Copper Holdings (WTC-T) has entered into a preliminary agreement to option seven properties comprising 180,000 ha.Situated in Zacatecas state, the properties are held …
Sherritt earnings in holding pattern
Higher sales volumes in 1996 offset lower commodity prices and enabled Sherritt International (S-T) to post revenue and earnings similar to those achieved in 1995.Revenue of $199.2 million and operati…
Sunshine Mining sees silver lining
Low silver prices took their toll on Sunshine Mining & Refining (SSC-N), which posted a net loss of US$24.8 million in 1996, compared with a net loss of US$15.4 million in the previous year.On a brigh…
Mazarin quarterly earnings drop
The past quarter was a positive one for newly diversified Mazarin Mining (MAZ-T), though earnings were not as high as in the corresponding period of the previous fiscal year.For the three months ended…
Bulyanhulu proves larger than expected
The Bulyanhulu gold deposit in northwestern Tanzania is now estimated to exceed 5 million oz. — an increase of almost 1.6 million oz. over the previous calculation.In light of this sizable increase, …
Panamanian projects move forward — Campbell completes permitting for Cerro Quema gold mine
With government permits now in hand, Campbell Resources (CCH-T) is proceeding with development of its Cerro Quema heap-leach, open-pit operation in Panama.Cerro Quema comprises two epithermal gold dep…
EDITORIAL PAGE — Home, sweet home
As Dorothy said fondly of Kansas, after her whirlwind trip to the weird and wonderful Land of Oz, “there’s no place like home.”It would seem that her feeling is shared by a good many North American mi…
Future producers of red metal get the yellow flag
Copper producers need to exercise caution before proceeding with the next generation of mines, according to a study by London-based CRU International, a commodities research firm.A prolonged period of…
OBITUARY — Franc Joubin
Francis Joubin, who helped usher Canada into the nuclear age, has died. He was 85.Born in San Francisco, Calif., in 1911, Joubin obtained his undergraduate and master’s degrees in geology from the Uni…
Geonova expands Chevrier gold deposit
The Chevrier property of GeoNova Explorations (GNE-M) is fast becoming one of the largest undeveloped gold projects in Quebec.Drill results at the project, situated near Chibougamau, Que., have enable…