Articles by Northern Miner Staff

Alluvial mining in the Mooi River Basin has produced more than 250,000 carats of gem-quality diamonds to date, worth in excess of US$100 million at current prices.A small test excavation on Mountain L…

Newmont Gold’s partner at the Leeville Corridor is High Desert Mineral Resources of Nevada. Barrick Gold recently purchased the private company, which holds a 40% interest in the property. Vancouver-l…

Information on Global Mining Opportunities Symposium, to be held in Toronto on Jan. 25, can be obtained by phoning Keith Spence at (416) 867-6467. An incorrect number was given in our issue of Dec. 25…

Luis Illich appointed vice-president of operations.

Justin Rice appointed senior mining consultant.

Toronto-listed MSV Resources has announced a normal course issuer bid for up to 5% of its outstanding shares.The shares will be bought on the open market over a 1-year period ending Dec. 19, 1996.

Alberta-listed Nebex Resources has optioned another concession in Albania, bringing its total land holdings there to more than 1,000 sq. km.The latest option agreement concerns the 200-sq.-km Radomir …

ExchgValue ($000s) High Low Close ChangeBarrick Gold T356593$39 3/437 3/839 5/8+2 1/2Placer Dome T206900$36 7/834 3/436 7/8+2 1/4Inco Ltd T112619$45 7/843 3/443 3/4-1 3/4Diamon…

Redaurum (TSE) says output reached 225,516 carats, thanks partly to the comissioning of the phase III plant.In November alone, a 65-carat diamond was mined.The company anticipates production of 500,00…

The Swedish mining inspector’s office reports that diamond exploration permits now cover most of the country.Interest has been strong since August 1994, when Australia-based Ashton Mining announced th…

Madsen Gold (TSE) has raised $402,500 in a flow-through share offering.The funds will be applied to underground exploration costs at the past-producing Madsen gold mine in Red Lake, Ont. In addition t…

Gold and energy stocks drew the Toronto Stock Exchange upward through the first four days of the report period ended Jan. 9, culminating with a record high on Jan 8. But weakness in technology stocks …