Placer withdraws from Guyana project
Gold producer Placer Dome (TSE) has withdrawn from the Omai gold project in Guyana, South America, Golden Star Resources (TSE) reports. Golden Star says it has retained Wright Engineers of Vancouver t…
Articles by Northern Miner Staff
Toronto Stock Exchange Rally continues, but it won’t last says
The stock market rally that began this week with the biggest single day gain so far this year showed no signs of ending today, May 9. Fuelled by volume increases in all but one of the sub-groups inclu…
FUTURES PRICES (May 14, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) May 120.50 118.20 120.40 — 1.70 June 116.50 115.90 116.40 — 0.90 July 112.40 110.10 112.15 — 0.85 SILVER (in U…
Platinum trophy
Some compete for gold and silver, and others for platinum. The best soccer player in the World Cup tournament taking place in Italy this year, as judged by readers of an Italian television magazine, w…
Flag assay results
The latest assays from Flag Resources’ (ASE) Wolf Lake copper-gold prospect in MacKelcan Twp., northeast of Sudbury, Ont., have yielded mixed gold results in eight of 11 holes. A couple of high-grade …
Hecla shareholders set to vote on buying Bachelor Lake option
Arthur Brown, chairman, president and chief executive officer of New York-listed Hecla Mining has been elected to the board of directors of Acadia Mineral Ventures (TSE). The move clears the way for a…
Tensions heighten at Rio over closure of 2 mines
Indications that Rio Algom (TSE) may close its Quirke and Panel uranium mines earlier than expected has heightened tensions between the company and employees at its Elliot Lake, Ont., division. While …
After completing an 18-hole drill program on the claims, the
In the Eastmain area of Quebec, Kingswood recently staked 280 claims in addition to the 125 claims it already holds in the vicinity of a copper-zinc-silver showing. Several senior companies have also …
Total Energold Plexus deal on
The on-again, off-again, private placement between Total Energold (TSE) and Plexus Resources (TSE) is back on track. The deal, identical to the one cancelled in early April, will see Total buying a pr…
U.S.Report Nebraska’s first uranium operation gains approval
It has taken longer than expected, but Ferret Exploration Co. of Nebraska was recently issued a permit by the Nebraska Department of Environmental Control allowing it to bring on stream the state’s fi…
St Andrew gold mine producing on target
After two quarters of successful operation at its Stock Twp. gold mine east of Timmins, Ont., St Andrew Goldfields (TSE) expects to be able to meet its production target of 27,000 oz. of gold this yea…
Environmental concerns top CIM conference
Compliance with environmental regulations and the minimization of the risk of causing damage to the natural environment appear to be foremost in the minds of Canadian miners. Twenty-two presentations,…