Ketza costing Canamax $5 million
The cost of purchasing Pacific Trans-Ocean Resources’ (TSE) 50% interest in the Ketza River gold mine is eventually going to cost Canamax Resources (TSE) about $5 million when all the figures are tall…
Articles by Northern Miner Staff
Uranerz Exploration to view Varna bets
Calgary-based Varna Gold (ASE) has signed an agreement with Uranerz Exploration and Mining of Saskatoon which could result in the development of one or more of Varna’s exploration properties. Under th…
Orofino may limit Canuc program if results poor
Toronto-based Orofino Resources (TSE) has informed Canuc Resources (TSE) that it is embarking on a limited summer exploration at Canuc’s Coronation Gulf gold project in the Northwest Territories. By s…
Nesbitt M & A chart
A chart of merger and acquisitions in the mining industry which was published in the June 19 issue of The Northern Miner, is available from its author Julian Baldry, a mining analyst with Nesbitt Thom…
Marking 25th year, Echo Bay set to produce 725,000 oz
Major North American producer Echo Bay Mines (TSE) turned out 585,000 oz gold in 1988 and is looking to boost that total to 725,000 this year. The company, celebrating its 25th anniversary in 1989, al…
Iron oxide conference
Chicago will be the site for a conference studying the use of iron oxide materials used in the manufacture of soft and hard ferrite magnets. The conference, to be held Nov 1-2, will bring suppliers of…
Earnings Report (July 10, 1989)
A second-quarter loss of $1.1 million (13 cents per share) for the three months ended April 30 was reported by Skyline Gold Corp. (TSE). Comparable figures from 1988 are not available since Skyline be…
Augmitto swings deal to complete Beauchastel
Beleaguered Augmitto Explorations (TSE), which is struggling to salvage its Beauchastel gold project near Rouyn, Que., has signed a letter of intent with another company which could lead to completion…
Alberta Stock Exchange Borealis surges
Calgary-based Borealis Exploration continues to thwart the short sellers whom President Rodney Cox blamed earlier this year for a rapid drop in the company’s share price. Borealis posted a whopping $3…
Ontario schools funded
Grants worth $500,000 to seven Ontario universities have been announced by the provincial Ministry of Northern Development and Mines. The money will fund projects studying ways to improve mineral expl…
Managing Canada’s Mines …..First in a series Making a mine of
Although he started out as a mine geologist, operating soon intrigued Ebe Scherkus 0000,0600 who now manages the big new Donald J. Laronde gold mine of Dumagami Mines at Cadillac, Que. “I’ve been fo…
Golden Shield shuts Kerr mine (July 10, 1989)
The Kerr mine in Virginiatown, Ont., has been closed and the owner, Golden Shield Resources (TSE), has filed for bankruptcy. The company, which purchased the Kerr Addison mine in 1987 for $38 million,…