MOST ACTIVE ISSUES, Feb. 12-18
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Articles by Northern Miner Staff
Pursuit steps up work programs
Toronto-based junior International Pursuit (IPJ-T) continues to hunt for gold on several properties in Indonesia.* Among the most advanced of these is the L-N prospect, which forms part of the 191,000…
Blue Ribbon resumes work
Having reduced exploration spending in Mexico and the U.S., Blue Ribbon Resources (BLO-V) is concentrating its efforts on the six properties it holds in Suriname.The company has collected 5,130 sample…
Rea Gold pours gold in Uruguay
Rea Gold (REO-T) is celebrating its first gold pour — ahead of schedule — at the San Gregorio open-pit mine in northern Uruguay.During a 6-day test in early February, the plant operated at 20% above…
Peruvian to drill Agua Verde in Peru
Peruvian Gold (PVO-V) plans to carry out a minimum 1,000-metre program of reverse-circulation drilling on the Agua Verde copper porphyry prospect in south-central Peru.The prospect is a mineralized, e…
LITERATURE REVIEW — Hecla Mining boosts its silver production
During 1996, Hecla Mining (HL-N) produced 3 million oz. silver from its various operations, representing a 35% increase over the 2.2 million oz.produced in the previous year.Of last year’s total, abou…
LITERATURE REVIEW — Noranda earnings slip over 1996
Diversified resource company Noranda (NOR-T) says weak commodity prices caused its net earnings to drop by almost 50% in 1996, despite a 16% increase in cash flow to a record $1.5 billion.The company …
Mindoro: a cautionary tale for investors
Editor’s Note: Mindoro was a private company and should not be confused with Edmonton-based Mindoro Resources (MIO-A), a legitimate junior company exploring in southeast Asia.In 1993, rumors began cir…
Teck sweetens Aussie offer
Western Australian producer Mount Edon Gold Mines has accepted a sweeter takeover offer from Teck (TEK-T) and Australian partner Camelot Resources.Teck and Camelot recently increased their bid to A$2….
Who owns what at Busang
Ownership of the Busang gold projects, under the development agreement approved by the Indonesian government on Feb. 18, has been broken down as follows:BUSANG II — (SOUTHEAST)Company…
Exall extracts bulk sample
Exall Resources (EXL-T) has completed an exploration ramp at the Glimmer gold mine near Matheson, Ont., and is now excavating an underground bulk sample.Exall holds a 65.53% interest in the project, w…
COMMENTARY — Cobalt demand to rise
World demand for cobalt could increase to about 28,000 tonnes per year in 2000, up from 23,500 tonnes in 1995. This demand should remain stable, and could increase further if the price of cobalt remai…