Letters to the Editor Raise red alarm flag
We read with interest the continuing debate by the Ontario Securities Commission and the Thompson Committee regarding the commissions paid on financings raised by the “broker-dealers.” Disregarding th…
Articles by Northern Miner Staff
Editorial Don’t move the OGS
The following is extracted from a letter from Professor C. Jay Hodgson, professor of mineral deposits geology, Queen’s University, Kingston, to Premier David Peterson, acting minister, Ontario ministr…
Letters to the Editor Golden Giant
I am disappointed that, in the Dec 8 issue of your newspaper, the Golden Giant mine (at Hemlo) did not at least get honorable mention in the leagues of big Canadian gold producers. Production here was…
Dolphin to spend $3m. on gold bet
About $3 million will be spent next year on exploration in Newfoundland by Dolphin Explorations which is closely associated with the International Corona group of companies. The majority of the funds …
Gold output tumbles at Galactic project
The production shortfall at Galactic Resources’ Summitville gold project in Colorado is having significant impact on the company’s share price. Galactic recently reported that November production was …
Vancouver Stock Exchange Waiting for the year-end rally
Wednesday close, Dec 17 The tone of the Vancouver market has changed significantly with a number of factors, including tax loss selling, depressing trading activity and prices. The year-end rally that…
AIGUEBELLE makes new hold discovery near Vezina mine
Aiguebelle Resources has made a new gold discovery on a previously unexplored part of its wholly-owned Bassignac Twp. property in northwestern Quebec about two kilometres southeast of its Yvan Vezina …
Audrey Res. to seek $8-million financing
An $8-million financing will be sought by Audrey Resources for the company’s optioned Mobrun project. The cash will be used for continued exploration of the property up to June, 1987. By making the ex…
Bighorn diamond drilling at Island Lake property
Diamond drilling is under way at the Island Lake gold property of Bighorn Development Corp. Crews are also rehabilitating the abandoned shaft on this northern Manitoba property. The crew has already r…
Adjustment in tax rates needed by coalindustry
The Coal Association of Canada has recommended major tax structure changes to ensure that the coal industry remains viable in the face of stiff international competition. Addressing a media briefing i…
Insider trading of Belmoral raises takeover speculation
Insider trading in shares of Belmoral Mines has led to renewed speculation that the gold mining company may be the subject of a takeover bid. While recent insider trading has not shifted control of th…
Dome budgets $2 million for Snoppy Lake project
A drill-indicated mineral inventory of 2.2 million tons grading 0.24 oz gold per ton has been established by Dome Exploration in two zones on the Snoppy Lake property north of Pickle Lake, Ont. Dome, …