Newmont ups gold reserves by 26%
Exploration along the Carlin gold trend is paying off for Newmont Gold (NYSE), as shown by gold reserve figures released by the 90% owned subsidiary of Denver-based Newmont Mining (NYSE). Going into 1…
Articles by Northern Miner Staff
Nuinsco, Echo Bay suing each other over Cameron Lake
Toronto-based Nuinsco Resources (TSE) has launched a counter-suit against Echo Bay Mines (TSE) for breach of fiduciary duty involving the Cameron Lake gold property in northwestern Ontario. Echo Bay, …
Hycroft plans deep drilling at Crofoot
A US$1-million deep drilling program is planned by Hycroft Resources and Development (TSE) for its Crofoot mine project near Winnemucca, Nev. According to Hycroft, the first stage of the drill program…
Cyclical Nature
Given the cyclical nature of the mining industry, the high prices of metals experienced two years ago were not to last in 1989. And in most cases they didn’t. But what will 1990 bring? A random surv…
FMC drops Excelsior
The option to enter a profit-sharing agreement on the Excelsior property owned by Steelhead Resources (VSE) has been dropped by FMC Gold (NYSE). The original 90-day option, subsequently extended by 60…
Wilanour nets $3.2 m from rights offering
Wilanour Resources (TSE) said recently that 1,006,299 shares had been subscribed for and issued following a rights offering which expired Dec. 12, for which Wilanour has received $3.2 million. Accordi…
Falling metals prices drag commodity index
A sharp drop in metals prices in November contributed to a reduction of 1.3% in Scotiabank’s all- commodity price index for that month. Economist Patricia Mohr reported a 2.9% monthly drop in the meta…
Echo Bay swapping shares for mines in Muscocho deal
Equity interests in three associated companies are being traded by Echo Bay Mines (TSE) for partial ownership of two fairly new gold mines in the Wawa area of northern Ontario. The large North America…
Obituaries (January 08, 1990)
William Eplett, president of International Platinum and a director of Corona Corp., died Dec. 20. He was 56. Eplett graduated with honors in business administration from the University of Western Onta…
NEWMONT GOLD TABLE
Total Geologic Gold Reserves1 Reserves2 Thousands Oz. Oz. Oz. u4Deposits of tons per ton (thousands) (thousands)004 Gold Quarry/…
Alta Gold, Echo Bay winners of Robinson gold mine litigation
Now that the Robinson gold mine litigation is officially settled, Alta Gold (NASDAQ) and partner Echo Bay Mines (TSE) expect to produce about 115,000 oz. gold at Robinson in 1990. Kennecott recently g…
Kimex gets Hunter
Kimex Resources (ME) has signed a letter of intent with Wabigoon Resources (COATS) which gives Kimex the right to earn a 50% interest in Wabigoon’s Hunter gold project near Timmins, Ont. The interest …