Douay partners aim to increase reserve tonnage
The latest drilling program at the Douay Twp. gold property of Inco (TSE) and Societe d’Exploration Miniere Vior (ME) in Quebec’s Casa Berardi region is targeted in part at boosting estimated reserves…
Articles by Northern Miner Staff
EDITORIAL Killing the goose
Governments suffer from an irresistible urge to ferret out successful mining companies, then devise extraordinary means to extract a portion of their profits for themselves. There is something about c…
Fuda buys Tyranite control
Salvatore Fuda, president of junior explorer Ontex Resources (TSE), recently acquired control of Tyranite Mines (CDN) by purchasing 1.4 million common shares of Tyranite under a private agreement. Whe…
Sphinx to restart heap-leach project
Heap leaching at the 400,000-ton-per-year Duvay gold project near Amos, Que., is set to resume in mid-April, Societe Miniere Sphinx (VSE) reported. The company began production from the site last year…
Alcan posts dismal first quarter
Blaming economic woes in both North America and Brazil, two of the company’s most important markets, Alcan Aluminium reported a net loss of US$1 million (3 cents per share) for the first quarter of 19…
Cons. Professor’s Dupont project has serious implications for the
The uncertainty clouding Consolidated Professor’s (TSE) designation under Ontario’s Environmental Assessment Act (EAA) could have a dramatic impact on the approval process for Canadian mines, says Rog…
Unlisted Trading Peat financing
Trading volumes for the junior mining issues slumped during the week ended April 16 as investors continued to wait out the recession. But in the meantime, Peat Resources announced the company is just …
EPA threatens lead producers
The U.S. Environmental Protection Agency (EPA) recently indicated that it is preparing a position paper dedicated to the eventual banning of lead mining south of the border and to the importance of re…
LAC rights plan
Gold producer LAC Minerals will seek shareholder approval for a rights plan at the annual meeting May 1 in Toronto. LAC’s board of directors adopted the proposed rights plan, aimed at trying to thwart…
Insider Trading Gairdner sells Arimetco shares
Arimetco International (TSE) director John Gairdner recently missed an opportunity to cash on the Arizona company’s copper sales agreement with metals trader Billiton Minerals. The deal drove Arimetco…
LETTERS TO THE EDITOR Frustrations understandable
A. Chamot’s rather vitriolic letter (T.N.M., Jan. 28/91) referring to engineers and the profession follows the pattern of most highly concerned individuals by showing a propensity for exaggeration. Bu…
Toronto Stock Exchange First-quarter profits push shares to record
The New York Stock Exchange’s Dow Jones Industrial Average reached an all-time high of 3,004.45 during the week ended April 17, as a number of key companies began releasing their first-quarter earning…