U.S. REPORT Bunker Hill earnings improve
Fortunes changed during the first half of 1990 for Bunker Hill Mining (TSE) as earnings rebounded to US$1.36 million versus a loss of US$958,000 in the first six months of 1989. Jack Kendrick, preside…
Articles by Northern Miner Staff
Correction (August 06, 1990)
A recent headline (T.N.M., July 23/90) on the editorial page, relating to an excerpt from a newsletter by M. Murenbeeld & Associates on the price of gold, should have read “Gold’s 12-year low.” Elsewh…
Euro-Nevada wants royalties in return for Stikine block
Euro-Nevada Mining (TSE) admitted recently that it owns a small block of Stikine Resources (TSE) shares that could play a pivotal role in the struggle between Placer Dome (TSE) and Corona (TSE) for co…
U.S. REPORT Arimetco sees bright future in low-cost SX-EW
Newly listed Arimetco International (TSE) has some ambitious plans to develop low-cost copper mines in North America which make use of acid leaching followed by solvent extraction and electrowinning, …
Gold Bar shareholder suing Leliever over gold bet deal
A Gold Bar Resources (COATS) shareholder, who says he owns a 51% interest in the company, has initiated legal proceedings to prevent Gold Bar from selling part of its interest in a Gogama, Ont., gold …
Haileybury students receive cash awards
Recently a number of students at the Haileybury School of Mines were awarded scholarships for general proficiency or outstanding academic performance. Among the winners were Darwin Fiske (Saskatchewan…
COATS (Over-the-counter) McNickel gains 5 cents
Shares of McNickel traded heavily for the week ended July 31, jumping 5 cents to close at 20 cents on a volume of 216,500. Rumour has it that the Muscocho group of companies, of which McNickel is a me…
Output boosts Minnova profit
Added production from the Ansil and Samatosum polymetallic mines, which both entered commercial production last summer, resulted in a 10-fold profit increase for Minnova (TSE) in the first half of 199…
U.S. REPORT Asarco building new SX-EW plant
At a capital cost of US$54 million, Asarco (NYSE) says it plans to build a new solvent extraction- electrowinning (SX-EW) plant at its Silver Bell mine in Arizona. The new facility, which should be co…
Production imminent at Goldpost’s Hislop
The Hislop East gold prospect in the Timmins-Matheson area of northern Ontario is inching closer to production as partners St Andrew Goldfields (TSE) and Goldpost Resources (TSE) forgo a final bulk sa…
On the Move (August 03, 1990)
Software system manufacturer Jonas & Erickson has appointed Robert Garbutt to the position of president and chief executive officer. Garbutt was recently senior vice-president at MAI Basic Four in the…
Anatomy of a spill
A provincial court has ruled that negligent management and improper maintenance procedures caused a spill of contaminated uranium mine water at Rabbit Lake, Sask., on Nov. 6 and 7, 1989. During a peri…