Environmentalists dismiss profit motive as way to achieve
sustainable development…
Articles by Northern Miner Staff
Miners support hydro rates as long as supply reliable
Ontario mining companies are bracing themselves for hydro rate increases that could increase the cost of supplying power to their operations next year by as much as 8.6%. But after suffering an unusua…
Goldcorp loss
Goldcorp Investments, the Toronto-based gold fund which last year bought control of gold producer Dickenson Mines (TSE), recorded a net loss in 1989 of $3.5 million (20 cents per share) on revenue and…
Glimmer has gold reserve estimate for Beatty claims
A preliminary estimate of gold reserves has been released by Glimmer Resources (VSE) for the company’s 40% owned joint venture project with Noranda (TSE) in Beatty and Hislop twps., near Matheson, Ont…
Piedmont tallies loss for 1989
A loss of US$236,652 for the year ended Dec. 31, was reported by Piedmont Mining (NASDAQ). This compares with a loss of US$456,082 in the previous year. The relative improvement in results, despite a …
Waddy Lake property purchase agreement rejected by TSE
An offer made by Golden Rule Resources(TSE) and Goldsil Resources (TSE) to sell their 45% interest in the Oven Lake joint venture in the La Ronge area of Saskatchewan has been rejected by the TSE. The…
I.F.C. cancels funds for Ecuador dredging
Disappointing returns from bucket-line dredging at the Los Lilenes alluvial gold operation in Ecuador have prompted the International Finance Corp. (an affiliate of the World Bank) to cancel its finan…
Placer Dome, Athena enter joint venture
After a number of deadline extensions, Placer U.S., a unit of Placer Dome (TSE), has agreed to enter into a joint venture with Athena Gold (VSE) on the Talapoosa property in western Nevada. The agreem…
Sikaman, partners near production at Ghana project
Construction of facilities at the Bogosu gold project in Ghana, West Africa, is on schedule for a plant commissioning in September, shareholders of Sikaman Gold Resources (TSE) were told at the compan…
Golden Giant mine focus of lawsuit
Another lawsuit has emerged over the Hemlo gold camp in northern Ontario. Ozias Theriault and three other prospectors have filed a statement of claim in the Supreme Court of Ontario seeking to de- reg…
Cheni forecasts production
Gold and silver production for the first quarter ended March 31 at the Lawyers mine owned by Cheni Gold Mines (TSE) totalled 13,080 oz. of gold and 250,490 oz. of silver. The mine, in the Toodoggone a…
Protecting balance sheet Teck’s priority
If Teck’s (TSE) latest annual report is any indication, shareholders can expect an all-out effort to match or exceed the company’s impressive growth rate of the past decade in the 1990s. That might be…