INSIDER TRADING Noranda sells part of Kerr
While senior executives at Noranda (TSE) continue to position the company to cope with the economic recession, Toronto-based Noranda was recently selling a portion of its position in Kerr Addison Mine…
Articles by Northern Miner Staff
Judge dismisses Barrick action
A New York supreme court judge recently dismissed American Barrick Resources’ (TSE) bid to sue Gold Standard (NASDAQ) for alleged defamation in relation to an ownership dispute over the Mercur gold mi…
Westfield ups Northgate stake
Toronto-based holding company Westfield Minerals (TSE) recently increased its stake in Northgate Exploration (TSE) to about 15% from 10%. Having recently purchased 1.4 million common shares of Northga…
Letters to the editor In defence of engineers
It is disheartening to learn that some people have such a poor impression of the abilities and attitudes of professional engineers. Canadian mining engineers have developed innovative mining technique…
Murgold consolidates stock, changes name
Murgold Resources (TSE) has consolidated its stock on a 1-for-10 basis and changed its name to Arimathaea Resources (TSE). The company has also completed a private placement of four million units for …
PEOPLE YORBEAU RESOURCES
David Crevier appointed chairman; Jean Rainville appointed president succeeding Karl Glackmeyer who remains a director.
Correction (February 11, 1991)
Contrary to previous reports (T.N.M, Feb. 4/90), James Hunter’s legal action against Gold Bar Resources (COATS) has not been dismissed. Hunter’s application for an injunction against Gold Bar has been…
OSC rules out Westfield hearing
A group of Westfield Minerals (TSE) minority shareholders are examining their options now that the Ontario Securities Commission (OSC) has elected not to conduct a hearing into the 1989 sale of Westfi…
Freewest gold discovery ignites a staking rush
A new gold discovery by Freewest Resources (TSE) on its 100% owned Benoit Twp. property in northern Quebec has buoyed the company’s stock and touched off a staking rush. Shares of Freewest rose to a h…
Massive sulphide target drilled on Rock & Roll
Partners Eurus Resource (VSE) and Thios Resources (VSE) have started a $1.5-million program to further evaluate polymetallic volcanogenic massive sulphide mineralization discovered on the Rock& Roll p…
Faxed claims focaus of dispute
Two prospectors and their agent are disputing the ownership of 13 claims staked by Gold Fields Mining last October. A hearing has been launched in Thunder Bay, Ont., to investigate the validity of Gol…
Cyprus Minerals writes down assets
Earnings of US$111 million, or US$2.38 per share, were reported by Cyprus Minerals (NYSE) on revenues of US$1.9 billion for 1990. This compares with 1989 restated earnings of US$164.9 million on reven…