METALS COMMENTARY — Supply side volatility
While fundamentals are still weak in several metal markets, supply side problems are causing prices to become increasingly volatile. Unexplained slowdowns in Chinese government-controlled exports are …
Articles by Northern Miner Staff
Red Chris deal complete, drilling planned
A deal has been approved whereby American Bullion Minerals (VSE) will acquire an 80% interest in the Red Chris copper-gold property in northwestern British Columbia. The junior will pay Falconbridge a…
`Temporary setback’: Dickinson Pegasus passes on El Condor
Following a 4-month due diligence review, Pegasus Gold (TSE) has decided not to acquire El Condor Resources (VSE). Pegasus had offered to buy all the outstanding shares of El Condor for $7.50, payable…
Levelland adds to its Mexican portfolio
By acquiring a 75% interest in the Oteros project in western Chihuahua state, Levelland Energy & Resources (VSE) has involved itself in a fourth property in Mexico. The cost of the 75% interest is $8,…
Cameco signs Kyrgyzstan deal
In a bid to diversify, Saskatchewan uranium producer Cameco (TSE) has signed a deal with the Kyrgyzstanian government to develop the Kumtor gold deposit in the eastern mountains of the former Soviet r…
Detector options play near Musselwhite
Alberta-listed Detector Resources has inked a deal to earn a half interest in Wiscan Resources’ (TSE) Randall Lake gold property in northwestern Ontario. The 102-claim property is in the Opapimiskan L…
Metallica buys Venezuelan concessions
CDN-listed Metallica Resources has bought the Cuyuni I through VI concessions in Venezuela’s Bolivar state. The concessions, comprising 3,000 hectares, are in the historic alluvial mining camp known a…
NEWS ROUNDUP — Pegasus plans Diamond Hill work
Spokane, Wash.-based Pegasus Gold (TSE) plans to carry out underground exploration at the Diamond Hill property, 28 miles southeast of Helena, Mont. Diamond Hill hosts a steeply dipping skarn deposit …
LAST BUT NOT LEAST — Pangea reports Fenn-Gib results
Encouraging results are reported from winter drilling on the Fenn-Gib property, 20 km east of Matheson, Ont. In a 19,800-metre program, Pangea Goldfields (CDN) defined five zones of high-grade mineral…
Asbestos shareholders fight for settlement
A group of minority shareholders of Asbestos Corp. (TSE) has lost the first round in its legal battle against the province of Quebec, but it isn’t giving up the fight. The crux of the dispute, now bei…
ODDS’N’SODS — Heavy lifting in the north
Fortunately for the northern mining industry, the calm settling over “hot spots” such as Angola, Iraq and Somali has created easier access to Canada’s only civilian Hercules transport. Increased globa…
Con mine turnaround continues
Operations continue to improve at the Con underground gold mine in Yellowknife, N.W.T. Miramar Mining (TSE) reports that cash costs for the first three months of 1994 averaged, US$294 per oz., compare…