Renabie mine to close this year
Stung by weak gold prices and high operating costs, the Renabie gold mine near Wawa, Ont., will shut down its stopes permanently this year, says owner Renabie Gold Mines, a subsidiary of Corona (TSE)….
Articles by Northern Miner Staff
Hollinger testing manganese sample
Shipment of an 8,000-tonne test sample of manganese ore to a ferro2Dmanganese furnace near Montreal has been completed, Hollinger North Shore Exploration reported. Hollinger, a unit of La Fosse Platin…
Bellechasse partners extend zone
Surface samples from the Bellechasse project, southeast of Quebec City, continue to return encouraging results for partners Golden Hope Mines (COATS), St. Genevieve Resources (TSE) and Exploration Duv…
Gold reacting to lack of speculative demand
As peace seemed imminent in the Persian Gulf during the week ended Feb.26, both gold bullion and oil prices drifted lower, taking several TSE-listed gold mining stocks along with them. By presstime, g…
Insider Trading Batista holds 13% of TVX Gold shares
Toronto-based TVX Gold (TSE), the product of an amalgamation involving Consolidated TVX Mining and the wholly owned gold producing subsidiary of nickel miner Inco (TSE), is owned 62% by Inco. But as i…
Black Swan running in red
With two mines now in operation, Black Swan Gold Mines (VSE) is working to push results back into the black. For the nine months ended Dec. 31, the company reported a loss of $199,000 on revenues of $…
Glencairn options Yukon gold bet
Toronto-based Glencairn Explorations (TSE) is changing its focus from diamond to gold exploration. Having recently failed to bring a Brazilian diamond project into production, Glencairn has obtained a…
Hecla ups stake in Acadia to 55%
Hecla Mining (NYSE) of Coeur d’Alene, Idaho, recently increased its stake in Acadia Minerals (TSE) to 55.51% from 52.5%. Under a June, 1990, agreement, Hecla paid Acadia $600,000 in cash in exchange f…
EDITORIAL The great government spending fix
When the Fraser Institute uses some new calculations to take a swing at government spending, the figures may not always be the most reliable but they are always interesting. The Vancouver-based think …
Timmins Nickel gets control of Vedron
Control of Vedron (TSE) has passed to Timmins Nickel (TSE) following the latter company’s acquisition of Belmoral Mines’ (TSE) debt and equity interests in Vedron. Timmins Nickel now owns 6.8 million …
Inco fatality investigated
An investigation into what caused the rock fall that killed a 25-year-old miner Feb. 17 at Inco’s (TSE) Shebandowan, Ont., copper-nickel mine, is under way. It took a 12-man work crew working around t…
Low grade at Gold Basin
A 12-hole drilling program on the Gold Basin property in Mohave Cty., Ariz. returned no significant results in all but four holes which intersected low grade gold values. Consolidated Rhodes Resources…