NWMA laments layoffs, land use rift
Members of the Northwest Mining Association (NWMA) gathered recently in this western city to attend the 101st annual meeting and speculate on the future direction of the mining industry.For many of th…
Articles by Northern Miner Staff
Brascan to sell control of Westmin
A proposed unit offering through an underwriting group will raise almost $70 million for Westmin Resources (TSE) and allow Brascan to sell its 35.9 million shares of the Vancouver-based mining and exp…
Metal Prices — FREE MARKET (December 18, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateDec. 12 Dec. 11Dec. 8 Dec. 7 Dec. 6Copper2955-2960 2994-29952965-29702978-29832970-2975Lead736-737 744-746740.5-742.5737.5-738…
Drills turning at Morgain’s Horwood
A surface gold showing, discovered in October, is being drill-tested at the Horwood Twp. property of Morgain Minerals (VSE).Meanwhile, geophysical surveys have resulted in the discovery of an anomaly …
Granges sets budget for 1996 exploration
Exploration spending by Granges (TSE) is expected to total US$6.1 million next year.The company plans to spend US$2.5 million in Nevada and US$1.3 million in South America. A further US$2.3 million wi…
Investment Commentary — Cash flow suggests Granges undervalued
With cash flowing steadily from its Crofoot-Lewis mine and exploration plans taking shape in Nevada and South America, Granges (TSE) is “seriously undervalued.”So argues David Williamson Associates, a…
Casmyn expands ground in Zimbabwe
Casmyn, which trades over the counter, has signed two option agreements for gold properties in south-central Zimbabwe.One of the deals was made with Zimbabwe-based Olympus Gold Mines, which owns a 690…
Waste disposal concept to undergo scrutiny
A plan to dispose of Canada’s ever-increasing amount of nuclear fuel waste is proceeding to the public hearing stage.In October 1994, Atomic Energy of Canada Ltd. (AECL) submitted an environmental imp…
Barrick to fund Anacoco gold projects
An agreement has been reached whereby shares of Chesbar Resources (ME) will be privately placed with Barrick Gold (TSE), and the proceeds used to fund exploration of Chesbar’s gold properties in easte…
Franco-Nevada to buy stake in Queenston
Royalty holder Franco-Nevada Mining (TSE) is making a substantial investment in Queenston Mining (TSE) and the prolific Kirkland Lake gold camp in northeastern Ontario.Franco-Nevada will subscribe for…
Harmony drilling shows potential
Initial drill results from the Harmony gold project on the Queen Charlotte Islands, B.C., are confirming the potential for developing high-grade reserves within the known Specogna deposit.Misty Mounta…
Hall moves to Elliot Lake
The contents of the Canadian Mining Hall of Fame have been handed over to the mayor of Elliot Lake, Ont., for a temporary stay of three to five years.George Miller, chairman of the Hall of Fame and pr…