Articles by Northern Miner Staff

In return for 32 Canadian properties and associated assets, Major General Resources (VSE) will pay over $11.7 million to Umex, a unit of Union Miniere of Belgium, but only $250,000 will be in cash. Of…

Record gold production, earnings and cash flow were reported by American Barrick Resources (TSE) for the first quarter of 1990. Net income increased to US$13.1 million (10 cents per share) on a fully …

Three separate joint venture agreements have been completed by Hardrock Extension (TSE), Geraldton Longlac Gold (COATS) and Ferau Resources (COATS). In the first agreement, Hardrock’s 17.5% interest i…

Despite strong base metal prices, Bunker Hill Mining (TSE) continues to struggle with losses at its lead-zinc-silver mine near Kellogg, Idaho. The company reported a 1989 loss of US$906,743 on revenue…

China plans to increase its prospecting and exploration activities. The Ministry of Geology and Mineral Resources hopes to locate new reserves that amount to 13-15% of the present total and double its…

The three partners in the Douay gold project in Quebec’s Casa Berardi region have reported further encouraging results from the remaining eight holes of a 17-hole drilling program. Operator of the pro…

Poor stock market conditions and a difficult financing climate have scuttled a $1.2-million exploration agreement between Geomaque Explorations (TSE) and Kingswood Explorations (ASE). The two companie…

Toronto-based Lencourt (TSE) is planning to raise $4.6 million to acquire African mining company Sominki and its Belgian subsidiary through a private offering of common shares. Lencourt says a limited…

Ontario has allocated $30 million in incentives for mineral exploration in the province over the next three years. Provincial Treasurer Robert Nixon included the allocations in his 1990-91 budget unve…

Over the past couple of months, mining insiders were busily increasing their exposure to any future developments at the Eskay Creek, B.C., and Louvicourt Twp., Que., exploration projects. Buyers inclu…

Denver-based Manville (NYSE) is looking to sell its 50% interest in the Stillwater mine, the world’s only economically viable primary source of platinum group metals outside South Africa. Manville, an…

In its first major exploration project outside North America, Cambior (TSE) is negotiating an agreement involving gold property in Indonesia. Cambior, based in Val d’Or, Que., says it has reached an u…