Viceroy out of MK Gold deal
Toronto-listed Viceroy Resource will not proceed with the private purchase of 9 million common shares representing 46.4% of MK Gold (NASDAQ). The deal involved Morrison Knudsen (NYSE), MK Gold’s large…
Articles by Northern Miner Staff
Golden Star OKs share exchange
The shareholders of Golden Star Resources (TSE) have approved an exchange of shares. One old common share of the company will be exchanged for one new common share and one-fifth of one Class B common …
Future of B.C. exploration in question
A much discussed topic at the 12th Annual Cordilleran Geology and Exploration Roundup was the role played by junior companies and by the Vancouver Stock Exchange in the discovery and development proce…
STOCK MARKETS — BQ losses in by-elections add grit to TSE
Recent Liberal wins in hotly contested federal by-elections were welcome news to investors, which helped the Toronto Stock Exchange post a modest gain during the 5-day report period ended Feb. 14. The…
Mobrun reserves up as production starts on schedule
The year began auspiciously for Audrey Resources (ME). Not only did the Mobrun polymetallic mine enter production on schedule and under budget, minable reserves rose by 16%. Situated 30 km northeast o…
Royal Oak expects production rise
Gold production for Royal Oak Mines (TSE) reached 318,236 oz. in 1994, and is expected to rise to 425,000 oz. in 1995 at a projected cash cost of US$290 per oz. Throughput at the Colomac mine in the N…
ODDS’N’SODS — Mr. and Mrs. Bullion’s misadventure
Considering his surname and the fact that he majored in geology in his native England, it seemed only natural that M.J. Bullion would migrate to the booming gold camp of Porcupine in northern Ontario …
LETTERS TO THE EDITOR — Vendors terminated option
I would like to bring your attention to an error in your Feb. 6 edition. In the “News Roundup” column on Page 3, in the story “Blue Emerald eyes yellow metal,” it is stated, in reference to the compan…
NRC seeks to increase spending on machinery
The machines that run Canadian industry are getting smarter, friendlier to the environment and more reliable, all because of collaborations with research and development bodies such as the National Re…
Accounting firm publishes survey for mining industry
Chartered Accounting firm Peat Marwick Thorne has issued its 1994 Financial Reporting Survey of the mining industry. The survey reviews the accounting and financial reporting practices of 50 mining co…
Murgor to begin drilling on Barry Twp. property
Having completed magnetometer and induced-polarization (IP) surveys, Murgor Resources (VSE) reports that diamond drilling is finally under way on the Barry Twp. property in northwestern Quebec. The in…
STOCK MARKETS — Winter blahs continue to plague western
Western markets continue to suffer the winter doldrums as the Vancouver Stock Exchange resource index fell 35.88 points to a 52-week low of 1,112.52 for the report period ended Feb. 14. The composite …