A marked improvement in operating cash flow is expected by Queenstake Resources this year because of two new acquisitions and a higher gold price. At the annual meeting, Gordon Gutrath, president, als…
Culminating six years of exploration and development work, Stan West Mining Corp. has now raised $12.1 million(US) in new financing to bring its McCabe gold-silver mine in Arizona into production. At …
A contract has been awarded to Orocan Inc. of North Vancouver for mill construction at Skyline Explorations’ Reg property north of Stewart, B.C. Initial mill capacity will be 200 tons per day, expanda…
Hambro Resources has changed its name to Richwell Resources (rwl:vse) on a one-new-for-three- old share basis.
Sumac Ventures — Edward D. Ford appointed to the board of directors.
Toronto-based Nova Beaucage Mines has completed a private placement of $2.7 million with the Societe en Commandite CMR 1987 Partnership. Under the terms of the placement, the partnership will earn a 1…
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) June 69.40 69.10 69.40 + 4.10 July 69.40 67.0…
Eureka Resources and Southlands Mining Corp. recently concluded a joint venture agreement to develop Eureka’s Frasergold Precious Metals project near Williams Lake, B.C. Under the agreement, Southland…
A special issue devoted to the activities of junior mining companies — the backbone of Canada’s mining industry. Look for it with the June 15 issue of The Northern Miner.
A miner was crushed to death in a rock fall at one of Rio Algom’s uranium operations this week, the ninth fatality suffered in Ontario mines this year. This is a very serious situation, completely un…
There was good news for shareholders of Breakwater Resources at the recent annual meeting. Chairman Robert Hunter said that Breakwater would probably be paying dividends after the third quarter. This …
The longevity of any mining venture is of prime importance to miners and investors alike. Miners want a secure job in a stable community where they can raise their families and investors want to own s…
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