Most successful Conwest marks 50th anniversary
One of the most successful resource companies in Canada today, Conwest Exploration (TSE) will be celebrating its 50th anniversary next month. A success story from Day One, it is something of a chronic…
Articles by Northern Miner Staff
Breakwater says financing available for acquisition
With $36.4 million in working capital and its bank debt paid off, Breakwater Resources (TSE) has the financial clout for a major acquisition — and the target could be Asamera Inc.’s (TSE) minerals di…
Denison has sold its interest in Standard Trustco
After failing at the first attempt, Toronto based Denison Mines (TSE) has sold its 44.8% interest in Standard Trustco Ltd. to Roman Corp. for $71.6 million, the company said recently. The new $22.95 p…
Northgate remains quiet on acquisition rumors
Since Northgate Explorations (TSE) sold its Chibougamau, Que., gold/copper mines to Western Mining of Australia in December for $160 million, the question most asked around the Northgate offices is “w…
Alberta Sotck Exchange Mohave trades high
An announcement that Mohave Gold has delivered a letter of intent to buy and Nevada-based gold/silver producer called Canyon Development Mining Inc., made Mohave one of the most active traders. With 4…
Muscocho/Echo complete deal
Muscocho Explorations (TSE) and Echo Bay Mines (TSE) say they have completed a private placement agreement designed to finance development at a number of projects including the Magino gold property ne…
Beardmore mill offically open
Official opening ceremonies for a gold mill in the village of Beardmore, Ont., were held this week by Ateba Mines (TSE) of Toronto. The company is using an ore sorting machine to upgrade mine waste du…
Rio Algom and Falconbridge win safety, first aid awards
Rio Algom’s Panel mine at Elliot Lake, Ont., has become the only North American mine in the world to hold a 5-star rating in the International Safety Rating System. The 5-star standing, announced by t…
Atlantic Report Tin operation back on track
The East Anglia Kemptville, N.S., tin mine is back on track, with improved recoveries and a daily milling capacity greater than originally planned, according to manager Ken W. Collison of the Rio Kemp…
Toronto Stock Exchange Short positions show pessimism in base
Falconbridge was the most active issue this week trading more than 1.3 million shares and picking up an eighth to close at $23 1/8. Falconbridge Chairman William James was in the Dominican Republic re…
Cominco driving adit on SNIP gold project
The 300-m level adit at the SNIP gold project of Cominco Ltd. (TSE) and Delaware Resource Corp. (VSE) is progressing on schedule, the joint venture confirms. The Twin zone structure, which hosts most …
Phoenix has loss after McxFinley sale
After selling a 43% interest in the Bateman Twp. project near Red Lake, Ont., Phoenix Gold Mines (TSE) strengthened its cash position in 1987 the company said recently. As a result of the sale to McFi…