Breakwater completes Nanisivik purchase
Breakwater Resources (BWR-T) has completed the purchase of Nanisivik Mines from Alberta Energy. Nanisivik’s most significant asset is its namesake zinc mine, which produced 108 million lb. in 1995. Th…
Articles by Northern Miner Staff
Southern Peru cuts ribbon on new plant
Southern Peru Copper (PCU-N) has opened a solvent extraction-electrowinning plant near the town of Toquepala in southern Peru.The plant, which was constructed at a cost of US$103 million, represents t…
Newmont, Sumitomo ink Batu Hijau deal
Newmont Gold (NGC-N) and Japan-based Sumitomo have reached an agreement to develop jointly the Batu Hijau copper-gold deposit on the Indonesian island of Sumbawa.Newmont will hold a 45% interest, havi…
Arauco to take over Back River
Homestake Canada, the Canadian unit of Homestake Mining (HM-N), and its joint-venture partners, Kerr McGee and the Maclab group, have granted Arauco Resources (ARU-V) an exclusive 45-day option to buy…
ODDS’N’SODS — The Year of the Bear
In 1939, when the foliage was just starting to turn color in Timmins, Ont., Danny O’Reardon invited Lou Romauldi and me for a weekend of fishing for whitefish.We were to drive to the destination, whic…
EDITORIAL PAGE — A vicious circle
The lawsuit filed by Exdiam against Diamond Fields Resources and various other parties has stalled the proposed takeover of Diamond Fields by Inco.Whatever its merits, the case is being taken seriousl…
COMMENTARY — The healing power of gold
Although the unique qualities of gold are helping people live longer and more productive lives, the medicinal qualities of the yellow metal have been acknowledged for centuries.In medieval Europe, alc…
EAG raises $33m to explore Africa
The newest member of the stable of juniors affiliated with St. Genevieve Resources (SGV-T) has raised $33 million to explore greenstone belts in Africa.Emerging Africa Gold (EAGI-C) acquired several g…
Cyprus Amax drills in Indonesia
A drill program by a unit of Cyprus Amax Minerals (CYM-N) is under way at Kalimantan Gold’s (KALG-C) Mansur prospect in Kalimantan, Indonesia.Cyprus has completed five of the seven holes planned for t…
Toronto Stock Exchange Indices (July 15, 1996)
1996July 9July 8July 5July 4July 3HighLowComposit…
METAL PRICES — FREE MARKET (July 15, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateJuly 9July 8July 5July 4July 3…
Geomaque boosts production at San Francisco mine
The San Francisco gold mine in Mexico’s Sonora state has seen increased gold production and further positive exploration results in recent months.Owner Geomaque Explorations (GEO-T) poured its first g…