Westmin signs Tenajon agreement to develop SB
It has taken longer than expected, but Westmin Mines (TSE) and Tenajon Resources (TSE) recently announced the closing of a joint venture agreement for ongoing development of Tenajon’s SB gold property…
Articles by Northern Miner Staff
Sale of Poco holdings to provide Corona with funds for Eskay Creek
Selling off its Canadian oil and gas interests will allow Corona (TSE) to place more emphasis on its gold-mining activities and help the company to reduce its debt. President Peter Steen, meeting in T…
Big hole near Eskay for Silver Butte, American Fibre
Overshadowed by activities on the neighboring Eskay Creek property, joint venture partners Silver Butte Resources (VSE) and American Fibre (VSE) have quietly drilled some 20 holes totalling 10,135 ft….
Mahogany merger considered fair
A valuation report and fairness opinion of the proposed amalgamation of Vancouver companies International Mahogany (TSE), Goldsil Resources (TSE) and Magellan Resources (VSE) was completed recently. U…
Curragh completes US$130-m. issue
A US$130 million bond issue arranged by Curragh Resources (TSE) to offset debts associated with various projects, including the purchase of a 20% stake in a Spanish smelter, was completed recently. Th…
METAL PRICES PRODUCER PRICES (October 22, 1990)
ALUMINUM: MW U.S. Market US84-86 cents per lb. (Oct. 11, 1990). ANTIMONY: New York dealer US80-83 cents per lb. (Sep. 6, 1990). BISMUTH: New York dealer US$2.80-2.90 per lb. (Sep. 13, 1990). CADMIUM: …
Miners form council to protect environment
Major companies involved in mining and metallurgy met recently in London, England, to initiate the formation of an international council on metals and the environment. The purpose is to promote enviro…
Adonos options Chilean property
An option agreement has been signed by Adonos Resources (VSE) with a Chilean company whereby Adonos may earn a 50% interest in a rutile-gold-copper property in the northern part of the South American …
EDITORIAL Narrower trading range for gold likely
Since Aug. 2 when Iraq invaded Kuwait, gold investors seem to have had a permanent look of puzzlement etched on their faces. Increasing political tensions and the threat of a major military confrontat…
Montreal firm supplies Placer’s new autoclave with oxygen
Montreal-based Canadian Liquid Air says it will build an on-site Vacuum Swing Adsorption (VSA) plant to supply oxygen to Placer Dome’s (TSE) new autoclave at the Campbell gold mill near Balmertown, On…
Rea Gold evaluating Kookaburra assets
Rea Gold (TSE) is carrying out a due diligence review of the mineral assets of Kookaburra Gold (VSE) as a first step in plans to acquire a controlling interest in the Australian- backed junior. Althou…
Dome mine’s fate hinges on union vote
Gold-producer Placer Dome (TSE) has put the fate of the 80-year-old Dome mine here in the hands of the United Steelworkers of America. On Oct. 11, the company delivered videotaped messages from Anthon…