Prime Equities gains Lorica position
The acquisition of 637,500 escrow shares of Lorica Resources (VSE) by Prime Equities (VSE) from former Lorica management has resulted in Prime taking over control of the company. Prime paid 5*CS each …
Articles by Northern Miner Staff
Colomac mine to close down
The performance of the Colomac gold mine in the Northwest Territories continues to improve as the remote open pit operation uses up remaining fuel supplies purchased by owner NorthWest Gold (TSE). Nor…
Smelter problems lower Cominco earnings
Cominco President Robert Hallbauer didn’t mince words at the company’s recent annual meeting when he called 1991 first-quarter results “terrible,” or 1990 “a difficult year.” The company’s problems a…
PEOPLE CALLAHAN MINING
William Nicely elected chairman, president and chief executive officer succeeding Charles Snead who resigned.
U.S. REPORT Crown makes new gold discovery
Denver-based Crown Resources (VSE) is adding yet another new gold discovery to its already impressive exploration track record. The company recently announced a new find on its Kings Canyon project in…
B.C. geologists get forum’s approval
An independent forum of 13 major earth science societies has given geologists with the British Columbia government a positive review. The Canadian Geoscience Council said after its review that the B.C…
CANMET plans to open new research lab near Val d’Or
The Canada Centre for Mineral and Energy Technology (CANMET), the research and technology arm of Energy, Mines and Resources (EMR) Canada, will establish a mining research laboratory near Val d’Or, Qu…
Princeton arranges debenture financing
A private placement of $12 million in convertible debentures was recently completed by Princeton Mining (TSE) through Deacon Barclays de Zoete Wedd. The debentures pay 10% and are convertible into com…
Glamis debenture for working capital
Vancouver-based Glamis Gold (TSE) has entered into an agreement with Toronto investment firm Loewen, Ondaatje, McCutcheon & Co. relating to US$8-million worth of convertible debentures. Under the agre…
PEOPLE MEGASTAR VENTURES
Pantelis Tasperas appointed director succeeding Nicolaos Panos.
LETTERS TO THE EDITOR Walli nomination receives support
Regarding the article “Haileybury teacher should be recognized” (T.N.M., Apr. 22/91), I fully support Russell Thompkins’ nomination of Ozzie Walli to the Canadian Mining Hall of Fame. I met Ozzie shor…
Hemlo reports lower earnings
While it reported a slight decrease in first-quarter profits recently, Hemlo Gold (TSE) continues to discuss the possibility of purchasing the gold assets of affiliate Noranda (TSE). If Hemlo was to …