Metal prices boost Asarco earnings
Higher metal prices and reduced operating costs contributed to improved year-end results for Asarco (NYSE). Asarco earned US$64 million (or US$1.53 a share), compared with US$15.6 million (or US38 cen…
Articles by Northern Miner Staff
Britannia options ground to Noranda
The Las Lomas prospect in northern Peru is the subject of an option agreement between Britannia Gold’s (VSE) half-owned Peruvian subsidiary, Minera Britannia Gold, and Noranda (TSE). By financing expl…
Rio Amarillo drills Chachacomiri
Diamond drilling on the Chachacomiri silver-gold-tin property near Potosi, Bolivia, should be completed by March. Partners Rio Amarillo Mining (VSE) and Cominco Resources International (TSE) expect to…
Redstone ups stake in Robinson play
Mineral royalty corporation Redstone Resources (TSE) has bought an additional 0.375% net smelter return (NSR) royalty interest in the Robinson copper project near Ely, Nev., for US$2.5 million. The pr…
Major options Table Mountain from Cusac
A subsidiary of Cyprus Amax Minerals (NYSE) can earn a half interest in the northern portion of the Table Mountain gold property in northern British Columbia. Cusac Industries (TSE) will retain a 100%…
Alta producing gold at Kinsley
Late last year, Alta Gold (NASDAQ) started producing gold at its newest Nevada operation, the Kinsley mine. Situated in Elko Cty.’s Kinsley Mountains, the open-pit mine contains proven reserves of 3.5…
Argentina Gold explores gold systems
In just over two years, Argentina Gold (VSE) has established itself as one of the premier “grassroots” gold explorers in Latin America. Having identified dozens of alteration zones (thought to represe…
Lithos approaches production at Bourlamaque-Nord
New life is being breathed into the Wrightbar gold project, just east of here, by Lithos (ME). Now known as Bourlamaque-Nord, the project was developed between 1986 and 1988 to a vertical depth of 550…
NEWS IN BRIEF (February 13, 1995)
Consolidated Asiatel Resources (CTD:VSE) has changed its name to Sino Foods on a share-for-share basis.
Pentland receives financing proceeds
Alberta-listed Pentland Firth Ventures has received final receipts from a prospectus offering of 4 million units at $1.10 each. Each unit consists of one Pentland share and one-half a warrant. Each wh…
MBI options Giant Copper
MBI Mining Brokers is acquiring a 60% interest in the Giant Copper property near Hope, B.C., from Bethlehem Resources (TSE). To do so, it must spend $6.2 million on the property over the next six year…
QEX re-examines Calumet concession
CDN-listed QEX Resources has resampled seven of 43 holes previously drilled on the New Calumet Mines property. The company has an option to acquire the concession and 59 adjoining claims in Pontiac Ct…