Mine finance meeting
A mining finance conference will be held Oct 30 in London, England by the Institution of Mining and Metallurgy. The one-day meeting will discuss recent developments in gold loans, Canadian exploration…
Articles by Northern Miner Staff
New reserve calculation expected for Chu Chua
Recent drilling by Minnova Inc. (TSE) is expected to translate into an increase in contained tonnage for the Chu Chua massive sulphide project located near Kamloops, B.C. The property is located withi…
Bachelor Lake halts mining at Desmaraisville operation
Bachelor Lake Gold Mines (TSE) expects to lay off about 93 contract and company personnel after calling a halt to its mining operations at Desmaraisville, Que. Following a 2-week “clean up” phase, the…
Redaurum, Sabina plan Dumont deal
Toronto-based Redaurum Red Lake Mines (TSE) is hoping that a proposed transaction with Sabina Resources (VSE) and Dumont Nickel Corp. (ME) will increase the company’s future growth potential. Under th…
Rio Algom acquires foothold in Continental Gold
Proving speculators right, Rio Algom (TSE) has acquired an initial interest in Continental Gold Corp. (VSE) and its 70%-owned Mt. Milligan gold- copper project near Fort St. James, B.C. The major mini…
Teck to increas stake in Cominco Golden Knight
In a joint notice of intention filed and accepted by the Toronto Stock Exchange, Teck Corp. (TSE), M.I.M Canada and Metall Mining Corp. (TSE) revealed plans to buy additional common shares of Cominco …
Taiwan in market for more gold
The government of Taiwan is in a gold-buying mood again. The Far East nation was extremely active in 1988 when purchases were said to have added 181 tonnes to its gold reserves. International securiti…
Ezekiel gets option on Aurizon’s Val d’or claims
Aurizon Mines (TSE) has granted Ezekiel Explorations (VSE) the right and option to participate in a joint venture and earn a 49% interest in 16 claims adjacent to the discovery property of Aur Resourc…
Falco Gold posts good second quarter
Falconbridge Gold Corp. (TSE) should achieve gold sales this year of roughly 90,000 oz, a figure that puts it squarely within the ranks of this country’s tier two gold players. Normal production from …
Alberta Stock Exchange Gold Vessel ahead
While volumes were down substantially from levels seen during the last two weeks of July, there was still plenty of action to consider this week on the Alberta Exchange. The Gold Vessel issue, which h…
Amax bids for Falconbridge
Giant nickel producer Falconbridge Ltd. (TSE) could soon have a new controling shareholder and it may not be Noranda Inc. (TSE). Falconbridge and large U.S. metals supplier Amax Inc. (NYSE) have enter…
Coins and their valuable metal contents
I do not particularly like the new Canadian “loonie” one-dollar coin. It’s another big coin for the pocket. However, it’s not as heavy as the relatively new, ugly heavy brass one- pound sterling U.K. …