Sherritt deals off fertilizer interest
Sherritt Gordon Mines and Unocal Canada announce that they have entered into an agreement under which Unocal has acquired a 50% interest in Sherritt Fertilizer Co. Sherritt Fertilizer Co., a partnersh…
Articles by Northern Miner Staff
Cdn. Lencourt gets shareholder nod for takeover move
Shareholder approval has been received by Canadian Lencourt Mines for the acquisition of Explorco Properties, a private company holding mineral assets. Canadian Lencourt, which is operated and control…
Toronto Stock Exchange Blockbuster week as composite sets record
A powerful price surge both north and south of the border has made it a banner week for investors. With a blockbuster gain of 104.59 pts over the reporting period, the widely followed composite 300 ha…
Gibralter issue should raise about $5.8m.
Gibraltar Mines has approved the filing of a preliminary prospectus for a common share issue which should raise about $5.8 million. Some 554,546 shares will be sold at a price of $8.25 each by the com…
Montreal Exchange Mazarin makes waves
With 422,200 shares changing hands during the week, La Societe d’Exploration Mazarin surged ahead to its highest level since being listed on the Montreal Exchange in 1986. Mazarin peaked at 80 cents …
Drilling planned on Roxwell project
Drilling should start this February on Roxwell Gold Mines’ MOS project 50 miles northwest of Yellowknife, N.W.T. The property falls under an option agreement with Canamax Resources. Canamax can earn a…
Interlake stops
Interlake Development says no further drilling is planned on its Hemlo, Ont., property following drilling of hole IL-2Y to a depth of 6,163 ft. Hole IL-2Y intersected the Moose Lake formation from 4,6…
Alberta Stock Exchange Twin Gold leads pack
Tightly held Twin Gold Mines was one of the best performers this week, adding 70 cents to trade at a high of $2.25. The company controls the Lingman Lake gold deposit north of Red Lake, Ont. Hosting …
Editorial Uranium could be next on U.S. hit list
Well that was some victory we won(?) in those last-minute negotiat ions to settle that Ottawa-Washington bitter trade dispute over the imposition of U.S.-ordered taxes against our multi-billion- dolla…
Gold production at Galactic Res. up to 55,000 oz.
Galactic Resources reports December gold production of approximately 6,700 oz from the Summitville, Colo., mine, bringing total gold equivalent production to approximately 55,000 oz, since the initiat…
Granges/Abermin close to decision on Tartan Lake
A 500-ton modular mill will likely be operating at an initial rate of 250 tons per day by late March at Tartan Lake, eight miles northeast of Flin Flon, Man., according to project operator Granges Exp…
Vancouver Stock Exchange Bullish psychology not shrinking
The market psychology on Vancouver has turned exceptionally bullish, reflecting in part the sentiment on the Toronto and New York stock exchanges, which were quick off the starting block in 1987. Gold…