Forward sales boost Falco earnings
Metal prices help those who help themselves, especially when a producer can beat the spot market prices through forward selling. Such is the case with Falconbridge (TSE), which realized prices slightl…
Articles by Northern Miner Staff
Hemlo freezes output at Golden Giant
At the Golden Giant mine near Marathon, Ont., fracturing of wall rock at the 700-metre level of the production shaft has led Hemlo Gold Mines (TSE) to suspend operations until the situation is remedie…
Drills turning at Copper Mountain
An 8,000-ft. reverse-circulation drilling program is under way on the Copper Mountain property in Mineral Cty., Nev. Mina Resources (VSE) can earn a 51% interest in the property from Cactus West Explo…
Ecuadorian doubles its gold resource at Gaby
The Gaby gold porphyry property in Ecuador appears to contain far more gold than owner Ecuadorian Minerals (TSE) had thought.Following a definitive evaluation of data from more than 22,000 metres of r…
Canyon clears hurdle with Briggs
The Interior Board of Land Appeals has denied a request for a stay of the U.S. Bureau of Land Management’s (BLM) permit for the Briggs project in southeastern California.In July, the BLM approved the …
Quellaveco deposit undergoes study
A US$5-million study by Minorco has concluded that conventional flotation is the most attractive metallurgical option at the Quellaveco porphyry copper deposit in southern Peru.Minorco, whose subsidia…
Golden Star gains West African play
Through its African subsidiary, Golden Star Resources (TSE) has increased its property holdings in Mali.Pan African Resources, the subsidiary, has acquired the Dioulafoundou project, which lies 170 km…
Cyprus Amax posts profit before pretax writedowns
New York-listed Cyprus Amax Minerals would have turned in its highest third-quarter earnings ever, were it not for one complication: During the 3-month period, the company announced it would take pret…
Silverado Mines advances Ester Dome gold project
Junior gold producer Silverado Mines (NASDAQ) is entering the final stage of drilling before placing the Ester Dome project into full production.The company previously operated the Grant gold mine on …
Mount Nansen passes environmental hurdle
The Regional Environmental Review Committee in the Yukon has delivered its screening report on the Mount Nansen gold project operated by BYG Natural Resources (TSE), clearing the way for possible prod…
Nixon Forks pours its first gold in Alaska
Following summer construction at the Nixon Forks gold mine in Alaska, the mill circuit is up and running, flotation concentrates are being generated and the gravity circuit is producing its first gold…
Castle Mountain churns out profits
The Castle Mountain open-pit, heap-leach mine in San Bernardino Cty., Calif., continues to spin profits for 75% owner Viceroy Resources (TSE).Earnings for the six months ended Sept. 30 totaled $2.9 mi…