Articles by Northern Miner Staff

Pegasus Gold (TSE) has been given a 3-month extension to complete a due diligence review of its proposed alliance with Goldbelt Resources (VSE). In mid-September, it was announced Pegasus would inject…

A gold discovery by Homestake Mining (NYSE) has triggered a staking rush in the southern portion of the Battle Mountain-Eureka trend in eastern Nevada. A recent hole drilled by the major encountered 0…

Manitoba is mining-friendly and open for business. That was the message of provincial Mines Minister Donald Orchard here at the 25th Annual Manitoba Mining, Minerals and Petroleum Convention. And to h…

Gold producer Hemlo Gold Mines (TSE) is looking to sell its 48% interest in Central Crude (TSE) and its 60% interest in the Eagle River gold project, near Wawa. The decision followed a review of Eagle…

Exploration is under way on Venezuela’s Lo Increible property, and expectations are running high. Labyrinth Resource (VSE), which has a market capitalization of close to $90 million, holds an option o…

Persistently low copper prices have prompted Gibraltar Mines (TSE) to shut down its mine and mill at McLeese Lake, B.C. Staged layoffs took effect Nov. 26; mining and milling ceased four days later. D…

Lyon Lake Mines (ME) has released results of reverse circulation drilling on the Beta Vargas gold project in Costa Rica. Results from the first 13 of 17 holes include 0.12 oz. gold per ton over 13 ft….

Project manager Agnico-Eagle Mines (TSE) has finished initial exploration of the Cavelier gold property near Matamagi, Que. Ownership is split 50-50 between Agnico and Radisson Mining Resources (ME). …

To fund drilling on its Black Twp. gold property near Kirkland Lake, Ont., Regal Goldfields (CDN) has arranged a private placement. The company is issuing 80,000 units at $2.50 each. A unit consists o…

TVX Gold (TSE) will acquire Homestake Mining’s (NYSE) half interest in the Mineral Hill and Jardine joint ventures. The agreement will bring TVX’s interest in both Montana gold properties to 100%. TVX…

Four related companies plan to amalgamate under the name CanGold Resources. The four are Hughes Lang (VSE), Orofino Resources (TSE), Nova-Cogesco Resources (TSE) and Equity Reserve (TSE). Under the pl…

I would like to thank The Northern Miner for bringing to the public’s attention the fact that Canada’s central bank gold reserves will be zero in another 24 months at the present rate of selling by th…