Montreal Exchange (March 16, 1992)
The market turned down during the week ended March 10. The mining and minerals index slipped by 8.1 points and the market portfolio was off by 33.7 points. Daily trading volumes ranged between 3.9 mil…
Articles by Northern Miner Staff
Denison ends 35-year run of Elliot Lake uranium mining
A brief ceremony March 11 in Elliot Lake, Ont., marked the end of 35 years of uranium mining by Denison Mines (TSE) in the northern Ontario community. President Bill James presided at the mainly symbo…
Martel testifies before committee
Shelley Martel says she became increasingly upset with a Sudbury doctor in the weeks before she lied about his practice. In her first day of testimony before the committee probing her conduct, Ontario…
U.S. REPORT (March 16, 1992)
Pathfinder Exploration, a wholly owned subsidiary of mining giant Cogema, recently signed an option to earn up to a 65% interest in the Morning Glory/Wallace Creek property owned by Formation Capital …
Royal Oak takes control of Trader
Shareholders of Trader Resource (TSE) unanimously approved an offer to exchange 15 million shares for interests in two Ontario mineral properties held by Royal Oak Mines (TSE). Royal Oak now owns over…
IMM celebrates 100th anniversary
The Institution of Mining and Metallurgy (London) recently hosted a dinner in Toronto to mark the 100th anniversary of the organization’s founding. Guest speaker was Hugh Allen, president of the IMM a…
Minnova confirms Benoit reserves
The first phase of drilling completed on the Benoit property southeast of Miquelon, Que., established the continuity of the known zone but failed to intersect any additional gold zones. Minnova (TSE),…
Governor General opens MacMillan mineral gallery
“A great day for Canadian mining” was the consensus of some 500 invited guests attending the recent gala opening of the Viola MacMillan Mineral Gallery here. The gallery provides a home for the magnif…
Taseko earmarks $8.5 million for Fish Lake work
Private placement financing totalling $7.1 million has been arranged by Taseko Mines (VSE), allowing the company to proceed with an $8.5-million exploration, engineering, feasibility and permitting pr…
Metal prices, summer strike cause 1991 loss for Curragh
Weak metal prices and a summer strike at the Faro, Yukon, zinc-lead mine, forced Toronto-based Curragh Resources (TSE) to take a net loss of $98.3 million or $3.06 per share in fiscal 1991. In 1990, C…
Toronto Stock Exchange (March 16, 1992)
Shares of Aber Resources emerged among the volume leaders during the week ended March 10 as the diamond explorer flew an airborne survey over its 420,000-acre property in the Northwest Territories. As…
Cheni works to restructure long-term debt
With economic reserves essentially exhausted and a balance sheet in critical condition, Cheni Gold Mines (TSE) is working to refinance its bank debt as well as restructure the company’s long-term liab…