Quintette looking to reorganize
To gain time to reorganize, Quintette Coal has obtained a court restraining order keeping third parties from taking action against the company for a period of six months. President Paul Kostuik noted …
Articles by Northern Miner Staff
Impending wage increases put more pressure on South African gold
Wage increases for South Africa’s black miners, due to take effect on the first of July, will result in even higher production costs for gold mines already among the world’s most expensive. The Nation…
Noranda makes zinc find in Wisconsin; The first two holes drilled
The first hole on the Lynne project, drilled at 52 degrees , intersected 128 ft. averaging 22.71% zinc, 0.64% copper, 2.95% lead, 1.04 oz. silver per ton and 0.011 oz. gold. The second hole, drilled a…
Taseko loses suit against Cominco
The Court of Appeal of British Columbia recently dismissed an appeal by Taseko Mines (TSE) in which Taseko sought to nullify an option allowing Cominco (TSE) to earn an interest in its Fish Lake coppe…
Sikaman options off wollastonite property
Toronto-based Sikaman Gold Resources (TSE) stands to gain $6.3 million if options on its wollastonite property in Nevada are exercised. As part of an agreement with Sikaman, Vancouver-based Floray Hol…
News in brief Eureka Resources
Eureka Resources Inc. (EUR: VSE) and Hawthorne Gold Corp. (HGD:VSE) have amalgamated under Eureka Resources Inc. (EUR:VSE) on the following basis: Eureka’s shareholders will receive one new for one ol…
News in brief Gold Star
Gold Star Resources Ltd. (GLA:VSE) has changed its name to E.E.C. Marketing Corp. (EMC:VSE) on a 1-new-for-3-old- share basis. Transfer agent is Montreal Trust.
BRIEFS Offering rejected
A rights offering by Explorations Minieres du Nord (ME) which would have raised up to $747,000 was turned down by the Montreal Exchange. The company says it is studying alternate financing means, incl…
Placer modifies mine plan
As a result of lower than expected head grades and higher than expected operating costs, joint venture partners Placer Pacific and ACM Gold have revised their mining plan for the Big Bell mine in West…
Books In Review
Innovation in Mining Backfill Technology is an excellent snapshot of the state-of-the-art of mining backfill worldwide. It consists of papers presented in a symposium at McGill University in Montreal,…
PEOPLE TYRANEX GOLD MINES
Robert Cudney appointed president and chief executive officer; Thomas Pladsen appointed treasurer and chief financial officer; Bruce Taylor appointed to the board.
U.S.REPORT Hecla earnings
Earnings for the first quarter ended March 31 for Hecla Mining (NYSE) were US$4.6 million compared with a loss of US$2.5 million in the corresponding year-earlier period. The improvement in results wa…