Madsen has funds in place for mill
Proceeds of $5.2 million from four private placements will enable Madsen Gold (MGF-T) to reconstruct the former Dona Lake mill in Red Lake, Ont.Madsen may also issue flow-through shares to generate $1…
Articles by Northern Miner Staff
Holmer study bullish for Loma Hierro
Based on an independent prefeasibility study, the Loma Hierro deposit in western Cuba, is expected to produce 1.5 million oz. silver annually at a cash cost of US$1.85 per oz.The mine, owned by Holmer…
EDITORIAL PAGE — Scams and scoundrels
When markets are hot, scoundrels come out of the woodwork. That is the only way to explain the recent Timbuktu Gold fiasco, a salting scam that lured in unsuspecting investors by conjuring up the roma…
Manitoba announces funding
The government of Manitoba has approved eight new exploration projects, totalling $321,000, through an interim offering of the province’s Mineral Exploration Assistance Program (MEAP)..ZExpenditures f…
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Mill being built at Nugget Pond
A mill is being constructed at the Nugget Pond property at Baie Verte, Nfld.Owner Richmont Mines (RIC-T) expects to reach production in March, thereby boosting its total gold output from Canadian oper…
Aussie dispute over Super Pit settled
An agreement has been reached between Homestake Mining (HM-N) and Gold Mines of Kalgoorlie (GMK) over disputed production shares at Western Australia’s Super Pit.GMK has accepted Homestake’s US$51.4 m…
Drilling expands East Amphi
Drilling has expanded the resource at the East Amphi gold project near Malartic, Que.Diamond drilling, conducted in 1995 and 1996 by Placer Dome (PDG-T), has increased the geological resource at East …
High River and Focal team up to explore Central America
A joint venture of High River Gold Mines (HRG-T) and Focal Resources (FCJ-A) has acquired a group of properties in Nicaragua, El Salvador and Honduras.Most of the properties were acquired in a single …
Nike drill results spur Romarco on
Results from the second phase of drilling on the Nike gold property in Nevada have prompted Romarco Minerals (R-T) to increase its exploration budget.The project, in which Romarco is earning a half in…
INVESTMENT COMMENTARY — Imperial’s potential renders Glamis a buy
The strength and potential of its assets in California bode well for Glamis Gold (GLG-T), according to Brian Christie, a mining analyst at brokerage house Canaccord Capital.A low-cost North American g…
Link to drill Honduran concession
A 3,100-metre drill program is about to begin at the Pionera property in Honduras. Owner Link Mineral Ventures (LMVL-O) will test a silver-copper target recently outlined by soil sampling.The Cerro Pi…