U.S. REPORT Fogarty honored by AMC award
An executive whose impact on the mining industry in Canada was as great as it was in the U.S. was selected by the American Mining Congress (AMC) to receive its distinguished service award. The recipie…
Articles by Northern Miner Staff
Royal Oak, Pamour merger proceeding
An amalgamation between Royal Oak Resources (TSE) and the Pamour (TSE) group of companies should be completed by the end of March, Royal Oak says. The Pamour group, 67.1% owned by Royal Oak, includes …
U.S. REPORT Asarco closes Coeur silver mine
As a result of a sustained drop in the price of silver, Asarco (NYSE) plans to shut down its 55% owned Coeur silver mine in northern Idaho. The balance of the mine is owned by Coeur d’Alene Mines (NYS…
PEOPLE HIGHGRADE VENTURES
Minaz Devji appointed director.
Toronto Stock Exchange Freewest hits new high as golds join market
Despite compelling evidence from Statistics Canada that the Canadian economy is still weakening, bargain hunters were out in force during the week ended Feb. 5. Drawn back into the market by lower int…
Letters to the editor Solution to Canada’s economic malaise
There are probably as many beefs about government spending as there are Canadians (T.N.M., Jan. 21/91). One could point to the continual waste by CIDA and most recently the $14 million spent on the Ya…
Goldbelt drilling two Glen Auden bets
Drilling started this month on two gold properties under option to Goldbelt Mines (VSE) from Glen Auden Resources (TSE) in northern Ontario. The first property, comprising 219 claims, is in Moody Twp….
Drop in nickel prices hurt Inco
A decrease in Inco’s (TSE) income for the year ended Dec.31 was mainly the result of lower realized nickel prices, the company says. In 1990, nickel prices averaged US$4.10 compared with US$5.61 in 19…
U.S. REPORT Bema proposes takeover of Norgold
A takeover of Norgold Resources (VSE) has been proposed by Bema Gold Mines (TSE) on the basis of one Bema share for 2.5 shares of Norgold. Certain insiders at Norgold have entered a lockup agreement w…
Committee focuses on impact to mining industry in Yukon
A group of people representing miners, environmentalists, native people and the government have a tall order in the Yukon: they must reach a consensus. Members of the Yukon Mining Advisory Committee a…
Three drills at Lightning
Diamond drilling continues with three machines in an on going exploration program to build reserves on the Lightning gold zone of Noranda (TSE), Freewest Resources (TSE) and Teddy Bear Valley Mines (C…
GOLD FUNDS (February 11, 1991)
BGR Central Net value $8.80 $5.12 Price $7.38 $4.700 Discount 16.14% 8.2% Value $52,417,933 $79,074,210…