Cameco earnings nearly double in first quarter
Increased uranium sales helped Cameco (TSE) nearly double its first-quarter earnings to $22 million (or 42 cents per share) this year from $12 million (23 cents per share) in 1995.But Cameco cautioned…
Articles by Northern Miner Staff
Placer Dome reaches mine safety milestone
Though Placer Dome has been under scrutiny since the tailings leak at its Marcopper mine in the Philippines, the company might breath a little easier now that it has broken a Canadian mine safety reco…
Mazaruni recovers gems from Guyana
Partners Mazaruni Minerals (ASE) and Exall Resources (TSE) have recovered diamonds weighing 33 carats from pilot dredging on Guyana’s Mazaruni River.The latest results — 149 stones from a 1-cubic-met…
Summer drilling planned at Epworth
Summer drilling will test seven targets at the Epworth project, south of Coppermine, N.W.T., operator Rhonda Mining (ASE) has reported.The first target to be tested is a zone of copper and cobalt mine…
Geomaque opens golden gates to San Francisco
Joining a growing list of Canadian junior mining companies finding success in Mexico is Geomaque Explorations (TSE), which recently reached commercial production at its fully owned San Francisco mine …
Companies (April 29, 1996)
INDEXAber ResourcesAdex MiningAdrian Res.Arizona StarAur ResourcesBarrick GoldBattle Mtn GoldBema GoldBlack Hawk MgBlue Sky Res.Breakwater Res.Britannia GoldBYG NaturalCamecoCasmynChampion Res.Contin…
GREATEST VALUE TRADED, April 17-23
Value($000s)HighLowCloseChangeDiamond Flds T188273$40 3/839 1/240 1/4….Barrick Gold T150504$41 1/84041-1/8Placer Dome T146120$38 5/837 1/438 1/4-1/8Inco Ltd T131530$45 5/…
Bema finances more work at Aldebaran
A $10-million financing will enable Bema Gold (TSE) to conduct additional drilling on the Aldebaran property in Chile.Brokers First Marathon, Nesbitt Burns and Yorkton Securities purchased 2 million s…
ODDS’N’SODS — Shock treatment
The Paymaster gold mine near Timmins, Ont., started up in the 1920s but ceased operation shortly thereafter and remained closed until 1933, when the yellow metal was valued at upwards of $35 per oz.Th…
Province beefs up prospector program
The government of Ontario will contribute an additional $2 million to the Ontario Prospector Assistance Program (OPAP).Under the program, Ontario’s 5,000 licensed prospectors can qualify for assistanc…
Voisey’s Bay Regal Goldfields to explore for base metals in Cape Breton
CDN-listed Regal Goldfields has acquired a 51% interest in a 40-sq.-km property in western Cape Breton Island, N.S. and has started reconnaissance exploration for base metal sulphide deposits.The prop…
Manitoba tax changes to boost new investment
The government of Manitoba is offering tax concessions designed to encourage investment in mining.The changes, according to Mines Minister Darren Praznik, will result in more than $170 million for min…