LAC, Cambior discovery one mile east of Doyon
Equal partners LAC Minerals (TSE) and Cambior (TSE) recently discovered gold-bearing sulphide mineralization on claims east of the Doyon gold mine near Cadillac, Que. A surface drilling program operat…
Articles by Northern Miner Staff
Disposal solution enhances nuclear option
One of Canada’s greatest mineral treasures is its uranium reserves. There are other great uranium deposits around the world, but none rival the high grade and vast tonnage of those found in northern S…
Writedowns pound LAC, Bond
Consolidated earnings of US$20.3 million (17 cents per share) were reported by LAC Minerals (TSE) for 1990, but after a write-down of its mining interests and investments, the company reported a net l…
Odds ‘n’ Sods: War hero died prospecting in Red Lake area
Chistopher O’Kelly, who won the Victoria Cross at Passchendale in October, 1917, and the Military Cross at Vimy Ridge in April, 1917, became a prospector in 1922. He came to Red Lake, Ont., in October…
COATS (over-the-counter): Windy raises funds
Bull market sentiment evident on the major exchanges failed to lift the over-the-counter market out of the doldrums in the week ended Feb. 12. Total weekly volume remained in the 5-million range as in…
Cominco’s earnings fall sharply
A substantial drop in 1990 earnings was reported by Cominco (TSE) largely because of lower zinc and lead production at its smelter in Trail B.C., exhaustion of the Pine Point concentrate stockpile, lo…
Cameco increases earnings in 1990
Earnings of $34.1 million in 1990, up by 45% from the previous year, were recorded by Cameco, the government-owned uranium and gold producer based in Saskatoon, Sask. Net earnings of $91.6 million, en…
No Headline (February 18, 1991)
Davidson Tisdale mines (TSE) recently finalized the purchase of a 48% interest in Aurora Steel Services of Aurora, Ont., which produces fabricated structural stell for the industrial, commercial and r…
Toronto Stock Exchange: Inco’s Phillips sheds presidency role,
As Inco chairman Donald Phillips announced this week that he is relinquishing the title of president to Michael Sopko, the nickel miner’s vice-president of human resources, an 11-day rally continued w…
Citadel to explore Jamaican properties
Toronto-based Citadel Gold Mines (TSE) has purchased all the outstanding shares of privately owned Jam-Can Resources for 1.45 million shares of Citadel at 15 cents per share. Jam-Can holds three exclu…
Alberta Stock Exchange: Champion hits gold
A 15-hole drill program on the One Man Lake gold occurrence near Kenora, Ont., has returned some encouraging assays for Champion Bear Resources. Results show a series of gold-bearing zones ranging fro…
Money-losing mine hits Metall earnings
Higher than expected operating and restructuring costs at the Copper Range mine in northern Michigan will reduce Metall Mining’s (TSE) 1990 income by about $7 million, the company estimates. Although …