B.C. opportunities attract Aquaterre
Three properties on British Columbia’s coast will be explored this season by Aquaterre Mineral Development, a junior soon to be trading on the Vancouver Stock Exchange. Aquaterre is headed by Thomas W…
Articles by Northern Miner Staff
Skyline drilling Aztec property
Drills are turning on the Aztec property in the northeastern Mexican state of Coahuila. International Skyline Gold (VSE), 70% owner, says the first hole of the planned 4,500-ft., 14-hole program confi…
Monarch pours first gold
At its annual meeting, Monarch Resources (TSE) revealed that it has already begun pouring gold at the Camorra mine in Venezuela’s El Dorado region. The mine, which has probable reserves of more than 4…
EDITORIAL PAGE — Shark!
Following last week’s surprise announcement that mid-tier gold producer Royal Oak Mines had launched a takeover bid for senior gold miner Lac Minerals, news reports likened Margaret Witte, the formida…
ODDS’N’SODS — Geco’s canoe-barge service
The Peterborough freight canoe served many purposes over the years and was a sturdy, adaptable craft used by mining operations throughout Canada. The Geco mine in Ontario was isolated in the early exp…
Madsen raises financing for past producer in Red L.
Madsen Gold (TSE) has completed a previously announced $1.2-million private placement. It has also applied for, and expects to receive, a $300,000 grant from the Northern Ontario Heritage Fund, bringi…
Newhawk, Granduc plan Bruceside exploration work
Field work is expected to begin shortly at the Bruceside portion of the Sulphurets property near Stewart, B.C. Newhawk Gold Mines (TSE) and Granduc Mines (TSE) — 60-40 owners, respectively — plan to…
New mines signal growth for Euro-Nevada
The best may be yet to come for Euro-Nevada (TSE), as four new gold mines in the company’s royalty portfolio are being readied for production over the next 24 months. Chairman Pierre Lassonde recently…
Goldcorp boosting production
With interests in three gold mines and plans to expand gold production, Goldcorp (TSE) has risen above the ranks of the juniors to achieve intermediate-size status. The increase in the company’s pro f…
BHP reports $1.3-billion profit
The largest company in Australia, BHP, enjoyed record net profits of A$1.3 billion (US$924 million) for the fiscal year ended May 31. The result was an increase of 29.6% over the previous year and a r…
NEWS ROUNDUP — Moneta arranges financing
Timmins, Ont.-based Moneta Porcupine Mines (TSE) has grossed $570,000 through two private placements. In one placement, privately owned Mattalex subscribed to 1 million shares at 24 cents each, to rai…
Granduc secures additional funds
An additional loan of $2.5 million will enable Granduc Mining (TSE) to finance its share of pre-development work on the Farley Lake gold deposit in Manitoba. Farley Lake is included in Granduc’s Keyst…