Northern shareholders sue Canamax
A group of Alberta-based shareholders of Northern Minerals (TSE) who lost a small fortune after the company ran into financial difficulties two years ago, are suing Northern and former joint venture p…
Articles by Northern Miner Staff
Montreal Exchange Market gains
Trading activity related to resource issues turned positive for the week ended March 6, with the mining and mineral index gaining 93.5 points. The general market portfolio index also shone, closing wi…
Sikaman uncovers wollastonite deposit
Extensive wollastonite mineralization has recently been identified in the Tonopah district of Nevada. According to Sikaman Gold Resources (TSE), the wollastonite mineralization meets industrial standa…
Euro-Nevada has profit during 9-month period
Toronto-based Euro-Nevada Mining (TSE) reported a net profit of $665,000 or 6 cents per share for the nine months ended Dec 31, compared with $583,000 or 6 cents per share during the same period last …
Slight increase in Cambior earnings
Net earnings of $17.7 million (73 cents per share) were reported by Cambior (TSE) for 1989 on revenue of $116.9 million, compared with $17.4 million (74 cents per share) on revenue of $109.9 million t…
Cash flows for Cheni
Gold and silver miner Cheni Gold Mines (TSE) reported net earnings for the year ended Dec. 31 of $4 million, or 36 cents per share, on revenues of $26.7 million. Since 1989 marks the first year of pro…
Terra Mines to lose major asset
Future production at the Amelia mine in Mexico may be stalled due to financing difficulties reported by the mines’ major controller, Terra Mines (TSE). Payments required by the mineral rights purchase…
ATLANTIC REPORT Technology highlighted at Halifax session
A Wall Street bankruptcy could slow financing for a Nova Scotia coal project. Drexel Burnham Lambert was in the process of floating a junk bond issue for Curragh Resources of Toronto when it filed for…
Societe Miniere Louvem declares dividend
Societe Miniere Louvem (TSE) says that under an arrangement approved before Christmas, it will pay out a 0.935 cents dividend to preferred shareholders of record on Feb. 26. The arrangement between ma…
Becker, Banting still busy after decades in business
At an age when most of their contemporaries are living off their pensions, Todson Becker, 80, and partner Howard Banting, 72, are still doing deals and making a living from the exploration business. F…
Black Gregor busy
Shares of Black Gregor fell from a weekly high of 51cents to close at 40cents for the week ended Feb. 27. Active on the week, the company traded 126,000 shares. Black Gregor has been drilling a series…
Race for gold in Timmins
The Great Porcupine Gold Rush Triathlon, sponsored by Pamorex Minerals Inc., will be held July 29 in Timmins, Ont., to retrace the original route of prospectors who discovered the large northern Ontar…