Articles by Northern Miner Staff

A US$3.5-million private placement will enable Crystallex International (VSE) to make option payments on and explore its Venezuelan gold projects. The 3-year convertible debenture will be convertible …

Wheaton River Minerals (TSE) is offering a private placement of 1 million special warrants at $2 each. Each warrant will entitle the holder to acquire one unit consisting of a common share and half a …

Common shares and common share purchase warrants of Rio Narcea have begun trading on the Toronto Stock Exchange. Upon completion of the initial public offering, the company will have 16.3 million comm…

Mining has ceased at the Jamestown open-pit gold mine in California. The mine, wholly owned by Sonora Gold (TSE), produced 92,000 oz. in 1993, 129,200 oz. in 1992 and 132,400 oz. in 1991. Sonora origi…

Western Troy Capital Resources (ASE) reports that work is continuing on its Wagg gold property in Menary Twp. near Nestor Falls, Ont. An open-cut designed to intersect the F, E and D zones has exposed…

As part of an option agreement with Teck (TSE), CDN-listed Atapa Minerals has completed in-depth exploration of a portion of the former’s property in Ontario’s Catherine and Pacaud twps. The program t…

Alberta-listed New Island Minerals has discovered a new gold zone on its Glover Island property in western Newfoundland. The discovery, called the Lucky Smoke zone, is about 8 km north of the Lunch Po…

The Canadian Geophysical Union (CGU) recently awarded its Wilson Medal to Michael Berry of the Geological Survey of Canada (GSC). The medal, named for the late J. Tuzo Wilson, is awarded annually by C…

De Beers’ Central Selling Organization (CSO) sold US$2.6 billion worth of rough diamonds in the first half of 1994. This figure is 1.5% higher than the same period last year and a healthy 41.5% higher…

A task force studying the Ontario Securities Commission (OSC) is recommending broadening the regulator’s powers. The changes would allow the OSC, which oversees Canada’s largest securities market, to …

The Similco copper mine near Princeton, B.C., will resume production in early August. The decision by owner Princeton Mining (TSE) reflects a 40 cents-per-lb. increase in the price of copper since ope…

Southern Pacific Copper (VSE) has acquired the Toliman porphyry copper prospect in Mexico’s Chiapas state. It acquired the 3,600-hectare concession by staking after it was released from the federal re…