Tough times hit mining towns hard
Few need to be reminded of how tough things were during the recession of the early 1980s. Lessons learned then are still fresh in the minds of those who work in the mining industry. What is perhaps le…
Articles by Northern Miner Staff
Northair drops Deception Lake
After compiling results from a recent exploration program, Northair Mines (TSE) elected not to participate in the future development of the Deception Lake property in northern Saskatchewan. The compan…
Malartic Hygrade loan to fund Congress mill
Malartic Hygrade Gold Mines (VSE) recently arranged a US$5- million gold loan facility with the Bank of Nova Scotia to finance plant construction at the Congress gold mine in Arizona. The loan bears a…
Montreal Exchange Mining issues gain (April 09, 1990)
Light-to-moderate volume and mixed trading marked the week ended April 3. The mining and minerals index gained 14.6 points, while the general market portfolio index fell by 8.4 points. Daily volumes r…
News in Brief (April 09, 1990)
Bay Resources (ASE) says it has reached an agreement with St. Genevieve Resources (TSE) under which the latter company will commit $150,000 by March 1, 1991, for exploration on a number of properties….
Glamis gets nod for U.S. mine
Mining at a rate of 3,000 tons per day is slated to begin in early July of this year at the Alto gold property held by Glamis Gold (TSE) in Calaveras Cty., Calif. The company said a settlement was rea…
Mining’s `Queen Bee’ has close call but still a driving force for
Had an interesting phone call recently from a petite, colorful and outstanding Canadian mining enthusiast the industry came very close to losing recently — Viola MacMillan. “Mort Brown,” she said. “I…
NASDAQ would end penny stock trading
The national over-the-counter market in the U.S., known as NASDAQ, is proposing to end trading in most stocks worth less than US$1. NASDAQ lists almost 5,000 issues, including many penny stocks. The m…
Toronto Stock Exchange Indices (April 09, 1990)
Apr. 3 Apr. 2 Mar. 30 Mar. 29 Mar. 28 HIGH LOW Composite “300” 3648.12 3612.20 3639.54 3665.87 3677.33 4009.47 3612.20 Metals & Minerals 3193.62 3117.38 3125.70 3176.61 3174.91 3453.05 2921.03 Integra…
Integrated Resources busy on B.C. property
Edmonton-based Integrated Resources (ASE) has started an exploration program on the company’s properties near Telegraph Creek in northwestern British Columbia. Work completed last fall on the properti…
Aber, Hidden Lake to explore N.W.T. bet
Based on a recently signed letter of intent, Aber Resources (VSE) and Hidden Lake Gold Mines (VSE) plan to form a joint venture to explore mineral claims at Trumpline Lake, about 45 miles east of Yell…
U.S. Report Placer buys Oneida shares
An option agreement signed in 1989 has resulted in Placer U.S., a wholly owned subsidiary of Placer Dome (TSE), owning one million shares of Oneida Resources (VSE). The option agreement called for Pla…