Ontario beefs up grants for juniors
Junior mining companies doing business in Ontario are now eligible for grants of up to $300,000 per year from the Ontario government. It is the first time juniors, beneficiaries of flow-through financ…
Articles by Northern Miner Staff
Queenston Mining pulls out of the red in 1990
Increased royalty revenues from its Kirkland Lake properties adjoining the Macassa mine have lifted Queenston Mining (TSE) first- quarter results out of a loss of $33,863 for 1989 and into a 1990 prof…
Westmin plans restructuring
In an effort to reduce its long-term debt and improve earnings, Westmin Resources (TSE) is planning another restructuring. Despite the sale of its oil and gas division in 1989, Westmin has more than $…
Morrison to earn in at Casa Berardi bets
Having staked 340 claims in Casa Berardi, Que. and optioned three properties further east in Douay Twp., Morrison Minerals (TSE) is attempting to benefit from any new discovery in the region. But sinc…
CAME papers available
The proceedings of CAME’90, a 2-day meeting on computer applications in mineral exploration held recently in Toronto, are now available. Noteworthy are the dos and don’ts for each step of the explorat…
Glamis options Randsburg lands
An option on 30,000 acres of mineral holdings near Randsburg, southern California, was recently acquired by Glamis Gold (TSE) from Denver- based DRX Inc. Glamis notes that much of the land is contiguo…
Echo Bay suffers loss after Muscocho writeoff
Several factors, including a US$42.4-million (43 cents per share) writeoff of its investment in the Muscocho group of companies, have resulted in a first-quarter loss of US$37.9 million (43 cents per …
Westmin says Premier operating at breakeven
After a rocky start down the road to production, operator Westmin Resources (TSE) is reporting an improvement in mining operations at its 50.1% owned Premier gold mine near Stewart, B.C. The company s…
U.S.Report Biron Bay busy on U.S. gold bet
Toronto-based Biron Bay Resources (TSE) is planning additional drilling work this year on its Summit gold joint venture with NovaGold Resources (TSE) in the Steeple Rock mining district of New Mexico….
Westminer’s Gays River mill producing zinc concentrates
The mill at Gays River, N.S., is once again producing lead and zinc concentrates under the direction of owner Westminer Canada, the 100% owned affiliate of Australia- based Western Mining. When Westmi…
Northair to earn 50% of Wildrose
A work program operated by Northair Mines (TSE) is slated to begin this summer on a Nevada property covering two square miles adjacent to the Rosebud gold discovery held by Equinox Resources (TSE) and…
Minieres due Nord seek funds for Matagami area exploration
Exploration Miniere du Nord (ME) says it is planning a rights offering to finance exploration on its Lozeau and Isle-Dieu properties east of Matagami Lake, Que. The Amos, Que., company owns about 3,20…