Articles by Northern Miner Staff

Campbell reviews funding position

Now that Northgate Exploration (TSE) is selling its controlling interest in Campbell Resources (TSE), the latter is reviewing financing alternatives for its Canadian operations and Mexican exploration…


Potash profit falls

First-quarter earnings for Potash Corp. of Saskatchewan (TSE) are down 30% to $8 million (21 cents per share) compared with $11.4 million (29 cents per share) in the first quarter of 1992. Revenues we…


Selbaie mine may be sold to Gencor

The Selbaie copper-zinc mine near Matagami, Que., may be sold to Gencor. The South African company has bid on selected metals and minerals operations owned by Billiton Metals Canada. Negotiations are …


Casino drilling to escalate

With four rigs already turning at the Casino property in the southern Yukon, Pacific Sentinel Gold (VSE) is planning to mobilize at least one more to the property in June. The drilling is part of a $7…


Greenstone Res. seeks financing

Now that Greenstone Resources has secured total ownership of Panamanian-based Minas Santa Rosa S.A., the next step is to rustle up financing for the gold project. Greenstone picked up the remaining 51…


NEWS ROUNDUP — Spruce Ridge drilling Madoc play

Drilling has begun on the Cooper gold property near Madoc, Ont., a 50-50 joint venture between Spruce Ridge Resources (CDN) and Lakefield Minerals, a private Toronto company. Previous drilling outline…


De Beers’ buying buoyed ’92 market

The world’s premier miner and marketer of diamonds is confident it can manage the type of threats to price stability that occurred in 1992, should they recur this year. “Our first three diamond sales …


Ashton boosts Canadian diamond spending

Australian diamond producer Ashton Mining plans to spend at least $1.3 million, or about 20% of its diamond exploration budget, to evaluate targets in Canada this year, says Chief Executive John Robin…


NEWS ROUNDUP — Royal Oak output below budget

At 65,628 oz., the amount of gold produced by Royal Oak Mines (TSE) in the first quarter was less than expected. The reason: ore dilution problems at the Hope Brook mine on the southwest coast of Newf…



EDITORIAL PAGE — A passing grade

“There’s a bad perception about the Exchange out there, and I believe this will cure some of that.” That is how Vancouver Stock Exchange Chairman Brian Harwood recently explained an investigation — i…


Cyprus, Amax spawn mega mining company

The merger of two of the largest mining companies in the U.S. is expected to create one of the largest in the world. Amax (NYSE) and Cyprus Minerals (NYSE) are proposing to merge into a new entity, Cy…


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