Court halts seizure of Aquisitor assets
The Superior Court of Quebec has quashed a seizure by a private Toronto company, Hunter & Associates, of assets used by Aquisitor Mines (VSE) and Stabell Resources (ME) on their Dubuisson property nea…
Articles by Northern Miner Staff
Northgate group results mixed as Colomac gold pour awaited
As it waits for the first gold pour at the potentially huge Colomac gold project in the Northwest Territories, Northgate Exploration (TSE) and its group of affiliates reported some mixed first-quarter…
People ONTARIO MINISTRY OF NORTHERN DEVELOPMENT AND MINES
W. D. Tieman has been appointed Ontario’s new Mining and Lands Commissioner, effective June 1, 1990.
Granges earnings $1 million better
Net earnings of $1.7 million were reported by Granges (TSE) for the 1990 first quarter, compared with $655,000 for the similar period of the previous year. The jump in earnings was the result of an in…
Denison prepared to sell non-core assets
Faced with mounting losses and a battered share price, Toronto- based Denison Mines (TSE) may be forced to divest more of its non- uranium assets in order to meet future financial obligations. The com…
Metal Prices FREE MARKET (June 04, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 29 May 28 May 25 May 24 May 23 Copper 1580-1582 Closed N.A 1603-1604 1586-1588 L…
Outlook for platinum tied to autocatalysts
In 1989 the world platinum market paused for breath as demand for the white metal came more closely in balance with supply when compared with 1988. “Total demand for platinum in the Western World in 1…
1st-quarter earnings drop for Cons. TVX
Production problems and increased operating costs at Consolidated TVX’ (TSE) Novo Astro gold mine in the Amazon region of Brazil was reflected recently in the company’s first-quarter financial results…
Nanisivik ups stake in Highwood Resources
Nanisivik Mines, a wholly owned subsidiary of Mineral Resources International (TSE), recently increased its stake in Highwood Resources (TSE) to 27.3% from 23%. The latter company has interests in a b…
GOLD FUNDS; Galactic tallies record earnings
Earnings reached a record level for Galactic Resources (TSE) in the 1990 first quarter, totalling US$7.51 million compared with US$1.82 million in the previous year’s first quarter. The jump in earnin…
Montreal exchange Freewest gets new zone
Freewest Resources was the most active trader on the Montreal Exchange during the week ended May 29 with 527,700 shares changing hands. Noranda, its partner on the Harker-Holloway gold project in nort…
At Harker-Holloway New zone at Harker-Holloway
A new gold-bearing structure has been identified on the Harker- Holloway gold property, 40 miles east of Matheson, Ont. Noranda (TSE) discovered the new structure while infill drilling on the main Lig…