Ayrex Resources unveils plan to reorganize
A planned reorganization would see Ayrex Resources (ASE) acquire exploration interests in Newfoundland and Labrador, and trade its present oil and mining interests for shares in parent Tandem Resource…
Articles by Northern Miner Staff
Armada ups stake in Russian company
Alberta-listed Armada Gold has purchased an additional 85% interest in Balgold through the exercise of options. Balgold is the Russian joint stock company created by Armada and its Russian partners.As…
Chilean miners better off than most
Thanks to a vigorous economy and the abundance of large, high-grade deposits, miners in Chile are the highest paid in all of Latin America, according to a survey by Western Mine Engineering.The study …
Tandem has eye on Indonesia
Montreal-listed Tandem Resources reports that it is engaged in discussions to acquire mineral lands in Indonesia.The company notes, however, that no definitive agrement has yet been reached.Meanwhile,…
Companies (January 22, 1996)
INDEXAlberta EnergyAlta GoldAltavistaArequipaArmada GoldAthabaska GoldAur Res.Ayrex ResourcesBarrick GoldBattle Mtn GldBlack Hawk M’gBlack PearlBre-X MineralsCaldera Res.Caledonia M’gCambiorCameco…
Gold output rises at San Juan mine
Siskon Gold (NASDAQ) is cranking out more of the yellow metal from its San Juan mine in northern California.In December 1995, recovered gold jumped to 1,127 oz. as additional mining areas were develop…
Canadian Arrow explores in Ontario
Canadian Arrow Mines (CDN) is exploring two of its Ontario properties for gold mineralization.On the Hislop property, near Timmins, Ont., the company is evaluating results from an induced-polarization…
Results in from Wrightbar mine
Early drill results are available from the Wrightbar gold mine property in Quebec’s Bourlamaque Twp.Lithos (ME) dewatered the workings at the former-producing mine early in 1995, and, by December, had…
Athabaska working to revive former-producing Carolin mine
The prospect of reviving a past-producing gold mine has lured Athabaska Gold Resources (TSE) to Ladner Creek in the Cascade Mountains, about 14 miles northeast of Hope, B.C.The company is in the midst…
Flanagan group to reduce debt by 3-way amalgamation
Three affiliated companies — Muscocho Explorations (TSE), Flanagan McAdam Resources (CDN) and McNellen Resources (TSE) — have reached an agreement with their principal creditor to restructure their …
INVESTMENT COMMENTARY — Interest in senior Canadian gold producers remains high
Over the past two years, the price of gold has hovered narrowly between US$375 to US$395 per oz. And yet investors remain keenly interested in senior Canadian gold-producing companies, some of which h…
Alta cuts high-grade at Olinghouse
In northern Nevada, Alta Gold (NASDAQ) has started its third phase of drilling on the Olinghouse gold project, where preliminary results have confirmed the presence of high-grade mineralization.The pr…