I.F.C. cancels funds for Ecuador dredging
Disappointing returns from bucket-line dredging at the Los Lilenes alluvial gold operation in Ecuador have prompted the International Finance Corp. (an affiliate of the World Bank) to cancel its finan…
Articles by Northern Miner Staff
Placer Dome, Athena enter joint venture
After a number of deadline extensions, Placer U.S., a unit of Placer Dome (TSE), has agreed to enter into a joint venture with Athena Gold (VSE) on the Talapoosa property in western Nevada. The agreem…
Sikaman, partners near production at Ghana project
Construction of facilities at the Bogosu gold project in Ghana, West Africa, is on schedule for a plant commissioning in September, shareholders of Sikaman Gold Resources (TSE) were told at the compan…
Golden Giant mine focus of lawsuit
Another lawsuit has emerged over the Hemlo gold camp in northern Ontario. Ozias Theriault and three other prospectors have filed a statement of claim in the Supreme Court of Ontario seeking to de- reg…
Cheni forecasts production
Gold and silver production for the first quarter ended March 31 at the Lawyers mine owned by Cheni Gold Mines (TSE) totalled 13,080 oz. of gold and 250,490 oz. of silver. The mine, in the Toodoggone a…
Protecting balance sheet Teck’s priority
If Teck’s (TSE) latest annual report is any indication, shareholders can expect an all-out effort to match or exceed the company’s impressive growth rate of the past decade in the 1990s. That might be…
Securities Commission appointment
Finance and Corporate Relations Minister Mel Courvelier recently announced the appointment of a fifth member of the British Columbia Securities Commission, Joyce Maykut, Q.C., who will act as vice-cha…
Sphinx, Mimiska buying copper mine in Philippines
A copper-gold-silver mine in the Philippines is being purchased by associated companies Sphinx Mining (ME) and Mimiska Mining (ME). Total sale price to Minariel International, a subsidiary of the juni…
COATS (over-the-counter) Southern into Eskay
Continuing on their upward trend, shares of Southern Arizona Mining and Smelting jumped 20 cents to close at 57 cents. The company has entered into another option agreement whereby it will purchase 4….
Japanese eye Brazil
Reports that a major Japanese mining group is planning to buy all of Brazil’s foreign debt — about $115 billion — in exchange for exclusive gold mining rights to the Amazon have been greatly exagger…
Prime sells stake in Akiko-Lori Gold
Murray Pezim’s Prime Resources (VSE) has sold its stake in junior explorer Akiko-Lori Gold Resources (VSE) to concentrate its efforts on the high profile Eskay Creek gold play in northwestern British …
COATS (over-the-counter) Southern Ariz. up 12 cents
In an otherwise quiet week of trading on the over-the-counter market, 631,040 shares of Southern Arizona Mining and Smelting changed hands. Reacting to news of an option agreement between Southern and…