Granges, Da Capo poised to merge
In hopes of creating a mid-tier gold producer, Granges (GXL-T) and Da Capo Resources (DCX-T) have decided to join forces.An agreement in principle calls for each Granges shareholder to receive one sha…
Articles by Northern Miner Staff
Gold production is boosted at Keystone mine McWatters plans merger with Maude
Record gold production of 9,702 oz. during the second quarter enabled Black Hawk Mining (BHK-T) to report a production improvement at the Keystone gold mine at Lynn Lake, Man.The mine produced 17,188 …
Date set for acquisition of DFR
The end of Diamond Fields Resources (DFR-T) is in sight.The closing date for the acquisition of DFR by Inco (N-T) has been set for Wednesday, Aug. 21. DFR shareholders have until 5 p.m. on the precedi…
Low copper prices force Similco closure
Once again, the Similco open-pit copper mine in southern British Columbia is forced to shut down as a result of weak copper prices.Princeton Mining (PMC-T) plans to suspend operations in December, thr…
MOST ACTIVE ISSUES, August 7-August 13
ExchgVol(000s)CloseVior MiningM126141.15Cartaway ResA…
Assay fiasco halts Gold Canyon
Trading in Gold Canyon Resources (GCU-T) was halted by the Vancouver Stock Exchange after it was learned that a laboratory erred in reporting assay results from the junior ‘s Springpole gold project i…
Saint Elena drilling results encourage CaribGold
Shallow drill-testing of the South Elena vein structure in Cuba has returned encouraging results, reports CaribGold Resources (CG-T).Although core recovery from the program was poor as a result of sur…
ODDS’N’SODS — A close shave
In the winter of 1934-35, bush pilot Ted Stull, flying a Fairchild 7l aircraft, made regular runs to the Gods Lake and Island Lake gold mines, which were situated in north-eastern Manitoba.One day, in…
LETTER TO THE EDITOR — Assay results and VSE regulations
In your editorial “Scams and scoundrels” (T.N.M., June 24/96), you classify laboratories into two categories: There are fraudulent labs and there are Canadian labs.There is a third category of laborat…
EDITORIAL — One step closer
Ronald Irwin, minister of Indian Affairs and Northern Development, said it best: “I can’t see a downside, if we do it properly.”We agree with the minister’s view that the Northwest Territories diamond…
Placer options Fishhook property
An agreement with Gitennes Exploration (GIT-A) allows Placer Dome (PDG-T) to earn a 55% interest in the Fishhook gold property, 120 km northwest of Yellowknife, N.W.T.The property hosts several iron f…
PRODUCER PRICES (August 19, 1996)
ALUMINIUM: LME settlements US$1,468 per tonne (Aug. 13, 1996), alloy US$1,270 per tonne (Aug. 9, 1996).ANTIMONY: Composite free market, US$2,800 per tonne (Aug. 12, 1996).BISMUTH: Composite free marke…