Munk to gain millions from options
Peter Munk, the flamboyant chairman of Toronto-based gold miner American Barrick Resources (TSE), is set to earn a pretax profit of $36.6 million by exercising options on two million shares. Munk acqu…
Articles by Northern Miner Staff
InterStar plans to build African manganese mine
Toronto-based Starrex Mining (TSE) and Phoenix Canada Oil, through their jointly owned affiliate InterStar Mining Group (CDN), have signed a deal with the Burkina Faso government to develop the high-g…
Partners sign Omai agreement
A mineral agreement covering the business conditions for the development and operation of the Omai gold project in Guyana in South America has been signed, Cambior (TSE) reported. Partners in the mini…
Metla drilling
A recent 10-hole diamond drill program carried out by Galico Resources (VSE) on the Metla property in northwestern British Columbia did not return any significant assay results. The program was design…
LAC swallows rest of Bond Gold
Bond International Gold became a wholly owned subsidiary of LAC Minerals (TSE) on the last day of August, after a scheme of arrangement for the takeover was sanctioned by the Grand Court of the Cayman…
LAC finds 850 missing shareholders
After a summer of sleuthing on behalf of LAC Minerals (TSE), Ewan Mason and Vangie Mamoukarys are satisfied they have done everything possible to find the company’s “missing shareholders.” O.Tut of a …
Aurtec feasibility under way
A $500,000 feasibility study on the Bakoudou gold mining property in Gabon is progressing smoothly, reports Aurtec Mining Development (ME). The company hopes to bring the deposit, which contains a pre…
PDAC Perspectives (September 09, 1991)
Years ago, there was a popular saying, “Tough times don’t last, tough people do.” For the junior mining industry, we sure hope so, because 1991 is being a tough year. Due to adverse changes, little ne…
PEOPLE (September 09, 1991)
Brian Staples appointed director.
Rio’s Elliot Lake workers accept 3-year wage contract
Pensions were given top priority by unionized employees at Rio Algom’s (TSE) Elliot Lake, Ont., operations, who voted recently to accept a new 3-year wage contract. Roughly 74% of Rio Algom’s maintena…
Meston gets extension for option on MSV’s Eastmain
A joint venture agreement between Campbell Resources’ (TSE) subsidiary Meston Lake Resources and MSV Resources (ME), scheduled to expire March 31, has been extended for an indefinite period of time. T…
Record output for Campbell
A record first-half gold production of 43,700 oz. was reported by Campbell Resources (TSE) from its Joe Mann mine near Chibougamau, Que. The mine also turned out 783,000 lb. copper for Campbell, which…