Juniors struggle to raise necessary financing
Junior mining companies in Canada, slowed by a slumping economy, can only look back fondly at the heady days of the late 1980s when financing for exploration programs was readily accessible. Flow-thro…
Articles by Northern Miner Staff
Weak results from Springer gold bet
Exploration on the King’s Point project, 75 miles south of Deer Lake, Nfld., has yielded disappointing results for Springer Resources (VSE). Although three holes drilled to test geophysical and geoche…
Denison to reject Hydro price offer
The future of Denison Mines’ (TSE) Elliot Lake, Ont., uranium mine continues to hang in the balance now that the company and Ontario Hydro have failed to agree on a new pricing formula for a long-term…
Vancouver Stock Exchange Resource index in small decline
In a week of backtracking on major markets, the VSE composite index remained virtually unchanged at the 560 level while the resource index shed 7.21 points to finish the period ended March 19 at 5689….
People Emerald Star Mining Explorations
Norris Proskin appointed a director succeeding Rodney Smith.
U.S. REPORT Low silver prices bring Callahan loss
Low silver prices are continuing to hurt Callahan Mining (TSE), with both its Galena and Coeur mines in Idaho operating at a loss. The company reported a loss of US$2.5 million for the year ended Dec….
Sheridan hires Greenspan for Madeleine case
Edward Greenspan, the Toronto criminal lawyer hired to represent Madeleine Mines (TSE) and company President Patrick Sheridan, says they will enter a plea of not guilty to charges that they violated O…
Queenston financed for Robertson plan
Toronto-based Queenston Mining (TSE) recently completed an offering in Europe consisting of 500,000 shares at $1.15 each. Deacon Barclays de Zoete Wedd Ltd. acted as Queenston’s agent in arranging the…
New Brunswick hosts Rock Room
The New Brunswick Prospectors and Developers Association will showcase the province’s exploration activity at the 59th annual convention of the Prospectors and Developers Association of Canada (PDAC) …
Success in Republic camp spills into southern B.C.
Prospectors active in southern British Columbia are reporting a flurry of staking activity in the Okanagan district, a region considered prospective to host skarn-type or epithermal vein-type precious…
Corrections (March 18, 1991)
Estimations of probable and possible reserves at the Moss Lake property, west of Thunder Bay, Ont., stand at 82.2 million tons grading 0.031 oz. per ton. A previous story (T.N.M., Mar. 11/91) containe…
Third quarter up for Imperial
Net income of $238,000 was reported by Imperial Metals (TSE) for the quarter ended Dec. 31. The results compare with earnings of $13,000 for the corresponding quarter in 1989. Earnings for the 9-month…