Renabie turnaround
Corona Corp. (TSE) and American Barrick Resources (TSE) have begun a decline into the bottom- most levels of jointly owned Renabie mine to probe for gold mineralization at depth. The decline will be d…
Articles by Northern Miner Staff
Durga set to process Nevada mine tailings
Within the next two months, Durga Resources (ASE) of Calgary will start to process 22,000 tons of tailings material at the Boss gold mine in southern Nevada. Having already lined up heap leaching faci…
People (March 27, 1989)
ONTARIO MINISTRY OF NORTHERN DEVELOPMENT AND MINES — Ron C. Gashinski appointed manager, mining lands, northeast region, mines and minerals division based in Timmins.
Earnings Reports (March 27, 1989)
Sonora Gold Corp. (VSE) reports for the year ended Dec 31 a net loss of $4.6 million or 26 cents per share on revenue of $36.5 million. For the same period a year earlier the company reported a net l…
Spirit Lake directors re-elected
A group of minority shareholders of Spirit Lake Explorations (ME) failed to unseat the board of directors at the company’s recent annual meeting in Toronto. Not only were existing directors re-elected…
Editorial Getting the most from COATS
A dynamic over-the-counter stock exchange could have a significant role to play in the Canadian securities industry as an efficient but inexpensive marketplace for stock-issuing companies. Not only co…
Placer miners profitable despite unique problems
When he makes one of his rare trips from the Yukon’s Klondike gold district to Toronto, placer gold mining expert Paul White doesn’t ride into town on the back of a burro. Like most of the other compa…
Corona buys shares in Golden Nevada
Recently acquiring a 10.4% interest in Golden Nevada Resources (VSE) was Corona Corp. (TSE). Corona said it purchased slightly more than one million shares in the junior in a private deal. Among other…
Coral aims to double production at Robertson mine
Vancouver-based Coral Gold Corp. (VSE) is looking to double the production capacity of its 100%-owned Robertson open pit gold mine located in the Battle Mountain district of Nevada. Louis Wolfin, pres…
Atlantic, Jascan buy shares in each other
While Atlantic Goldfields (COATS) and Jascan Resources (TSE) own shares in each other, it is unclear whether either side has further designs on the other. Jascan recently reported it owns 692,300 shar…
Cyprus earnings a record
A number of timely acquisitions coupled with higher copper prices boosted 1988 earnings of Cyprus Minerals Company (NYSE) to a record $170 million(US) or $6.31 per share. This compares to 1987 earning…
Denison financing
Denison Mines (TSE) has raised $50 million from a placement of units with brokers Burns Fry, Gordon Capital, Nesbitt Thomson Deacon and Wood Gundy. Each unit consisted of one class B non-voting partic…