EDITORIAL PAGE — WMI: A progress report
“A perfect agreement meant for a perfect world” is how one Canadian mining executive described the Whitehorse Mining Initiative (WMI) after it was signed in 1994.The agreement defined a vision of a so…
Articles by Northern Miner Staff
Asarco sells its stake in MIM
In an attempt to reduce its debt, Asarco (NYSE) has sold its 15% stake in Australian-based MIM Holdings.The sale generated US$331.2 million, which will result in an after-tax gain of US$39 million (or…
AfriOre takes reins in Botswana
Having renegotiated the terms of its joint-venture agreement with Gencor, Toronto-based AfriOre (VSE) will now manage six diamond projects in South Africa and Botswana.AfriOre will have the right to e…
SOUTHEAST ASIA SPECIAL — Altai adds to property portfolio
Toronto-based Altai Resources (TSE) has added another gold project to its Philippine portfolio.The junior acquired the Bulan project, comprising 3,285 hectares in the province of Sorsogon, southern Lu…
ANNUAL REPORT REVIEW — Prime earnings climb during quarter
High gold and silver prices, combined with an increase in precious metals production, coalesced into a healthy first quarter for Prime Resources Group (TSE).Earnings for the period totalled $13.2 mill…
ANNUAL REPORT REVIEW — Ashton to bid for Crater of Diamonds
Ashton Mining of Canada (TSE) has entered into an agreement with Texas Star Resources (VSE) to bid for the development of the Crater of Diamonds lamproite in Arkansas.Ashton says the rock type that ho…
SOUTHEAST ASIA SPECIAL — Quebec-based junior company targets Solomon Islands
The Solomon Islands are known more for their idyllic beaches and wartime history than for gold, more for copra than for copper.However, a small Quebec-based mining company expects to change that perce…
Farallon gears up Campo Morado program
Three diamond drill rigs have been mobilized to the Campo Morado project in Guerrero state, Mexico, as part of an $18-million exploration program initiated by Farallon Resources (VSE).The company is w…
Adrian Res. drills Panamanian project
Drilling is planned for the Belencillo property in Panama. Madison Enterprises (VSE) is earning a half interest in the project from Adrian Resources (TSE).The program will include 6-8 holes to test po…
Glamis OKs Imperial development
Construction and development of the Imperial project in Kern Cty., Calif., are expected to start in the second quarter of 1997.Glamis Gold (TSE) has completed a feasibility study on the project, which…
Golden Bear mine will not roar until 1997
A self-imposed deadline to acquire financing by May 10 for a proposed heap-leach operation at the Golden Bear mine in northwestern British Columbia was not met. As a result, North American Metals (VSE…
Odds ‘n’ Sods — Waiting for the cake
Production of yellow cake from the Quirke in Elliot Lake, Ont., began in the summer of 1956, and expectations were high.During the break-in period, all systems appeared to function and perform as plan…