Toronto Stock Exchange (August 05, 1991)
Speculation that Placer Dome will soon be in a position to begin drilling on 39 claims returned to Metalore Resources after its court battle with Ontex Resources sent Metalore roaring to $13.75 from $…
Articles by Northern Miner Staff
Denison reports $1.1-million loss during second quarter
The red ink continues to flow at Denison Mines (TSE) as the uranium miner wrestles with debt and negotiates with key lenders to its Petromarine Italia subsidiary. Toronto-based Denison reported a loss…
NEWS IN BRIEF (August 05, 1991)
Estaurum Mines Ltd. (EMM:ASE) has changed its name to Westaurum Industries Inc. with a consolidation of capital on a 1-new-for-1-old share basis. The transfer agent is Central Guaranty Trust.
Golden Bear losses mount
Depressed gold prices and high operating costs at the Golden Bear mine are translating into further losses for North American Metals (VSE). The company reported a net loss of $963,000 for its second q…
Prime settles with Tagish
Now that an agreement has been reached with several parties challenging title to the TOK 3-6 claims, partners Prime Resources Group (VSE) and Stikine Resources are expected to have no problems applyin…
Guest Column (August 05, 1991)
At the turn of this century, Sir Wilfrid Laurier asserted that the 20th century would mark the coming of age of Canada as an economic power. Some 50 years later, Prime Minister John Diefenbaker espous…
Aquagold agrees to merger
Aquagold Resources (ASE) has agreed in principle to merge with Mosher Limestone Co., a Nova Scotia company already involved in the industrial minerals field. If the merger is completed in 10 weeks as …
Renabie yielded 1.1 million oz. at a bit less than break-even
The Renabie mine, perched on a height of land separating the Atlantic watershed (via the Great Lakes) and the Arctic watershed about 200 km west of Timmins, Ont., proved to be a demarcation point for …
Radisson names new president
Quebec-based mining company Radisson Mining Resources (ME) reported the election of a new president and a settlement with its creditors. The new president is Jean-Marie Dupont. Appointed vice-presiden…
Falconbridge offers early retirement
Nickel producer Falconbridge has instituted an early retirement program which will likely result in a staff reduction of 200-300 by the beginning of next year. In Sudbury, where Falconbridge will be a…
LETTERS TO THE EDITOR (August 05, 1991)
Thank you for your article (T.N.M., July 22/91) updating readers with information on the Edwards project in the Wawa, Ont., area. I understand that the source material was Spirit Lake Explorations’ 9-…
U.S. REPORT (August 05, 1991)
Following the completion of a 20,000-ft. drilling program earlier this year, RFC Resource Finance (TSE) reports a jump in reserves at its Pend Oreille zinc-lead project. Preliminary estimates put rese…