Barrick disposes
Toronto-listed American Barrick Resources Corp. has completed its planned disposition of all its non- gold assets. It has sold its two coal supply agreements and certain mining equipment, representing…
Articles by Northern Miner Staff
Amca is building bigger leach pad at Arizona Bet
One small heap leach pad is fully operational and a second but larger pad (20,000-25,000 tons) is being constructed at Amca Resources’ Silver Cross property near Phoenix, Ar. Some copper-bearing ore h…
Vancouver Stock Exchange Consolidation phase blues
The market has entered a consolidation phase which is not surprising given the incredible momentum it’s shown in recent months. This is actually quite normal for this time of year because companies ar…
More exploration planned for Quebec placer project
An agreement has been reached between Macamic Resources and Coniagas Mines to further explore and develop the latter’s alluvial gold properties in Beauce Cty., Que. Macamic will spend $1 million to ac…
Barrick to continue gold acquisition
They came to the annual meeting of American Barrick Resources Corp. for a variety of reasons. But as one broker quipped, they especially came “for the religion”, — to hear Peter Munk, the chairman an…
Noranda official backs free trade
A free trade agreement with the United States is “essential” for Canada’s economic future and for the Canadian mining industry, William Deeks, president of Noranda Sales Corp., said at the 89th annual…
Noront builds reserves at HSK’s Olive property
Underground work by partners Noront Resources and HSK Minerals on the former producing Olive mine property near Mine Centre, Ont., has verified the presence of two ore shoots. Based on detailed sampli…
Madeleine is full steam ahead
Progress being made at the Lac Des Iles’ project of Madeleine Mines in northwestern Ontario makes it almost a certainty that this country will soon have its first straight platinum-paladium producer -…
Mono planning underground work
Mono Gold Mines says that drill indicated and inferred reserves at its Bannockburn project 167 miles northeast of Toronto now stand at 372,154 tons grading 0.395 oz. The reserves are calculated over a…
Watch it grow again: profit for Battle Mountain
Improving gold prices and lower unit production costs are the prime reasons for the 50% increase in profit posted by U.S.-based Battle Mountain Gold in its first quarter. A profit of $8.8 million or 2…
Cominco Res. seeks $40m. for offshore exploration
A final prospectus has been filed by Cominco Resources International which should raise about $40.2 million for exploration work on properties outside Canada, Alaska and Australia. The international o…
Alberta Stock Exchange Jascan hits year’s high
The most active mining stock on the Alberta Exchange this week was Jascan Resources, up 10 cents to $2.80, a high for the year, on 1,225,100 shares. Jascan, which is indirectly associated with the mi…