TSE recognizes news wire service
The Toronto Stock Exchange has recognized a second commercial wire service as a recommended method for implementing timely disclosure policies. The wire service, Canadian Corporate News, which also in…
Articles by Northern Miner Staff
Noranda finishes CDC share buy
Noranda Inc. waited until the last moment before deciding to exercis e its right to complete its purchase of about 6.5 million shares of Canada Development Corp. from the federal government. “It wasn’…
Montreal Exchange Eider takes wing
Wednesday close, Sept 17 A little-known Quebec company, Eider Resources, was the top trader on the Montreal Exchange this week with 478,900 shares changing hands. The stock’s price gained 25 cents , a…
Saskatchewan opens new geology building
The new geology building of the University of Saskatchewan in Saskat oon will be officially opened Sept 19, by the province’s lieutenant-governor, F. W. Johnson. Built at a cost of $18 million, the ne…
Westley broadens U.S. gold play
Canadian firms are playing a very significant part in the gold exploration activity that is sweeping the western U.S. states. Westley Mines is certainly one of these. This company, reports President V…
Corona sets warrant price
International Corona Resources has filed a final prospectus to offer 1.65 million 1996 warrants to the public at $27.50 per warrant to raise $45,375,000. The warrants will be fully paid upon issue. Ea…
Aunor Res. reports low grade gold
Aunore Resources has announced the first results of exploration programs on its Puiseaux properties in the Casa Berardi area and its Hebecourt property northwest of Rouyn- Noranda. In a small drill pr…
Gold production up by 30% at Agnico’s mid-year mark
With one record year under its belt, Agnico-Eagle Mines appears well on its way to achieving another. For the six months ended June 30, the company’s gold division produced at an all-time peak in tons…
Teck set to reopen Newfoundland Zinc
With zinc prices firming at the 40 cents (US) per pound range, Teck Corp is said to be planning to reopen the Newfoundland Zinc zinc mine at Daniel’s Harbor, Nfld. Production at the mine, 63% owned by…
Gunner gets option on Sweany claims
An option agreement has been signed between Sweany Gold Corp. and Gu nner Gold which gives the latter company the right to earn a 75% interest in Sweany’s Beardmore, Ont., area gold prospects. Gunner …
Eider drilling on Lac Rose be
Eider Resources is starting a diamond drill program on its Lac Rose property in northwestern Quebec to test a geochemical target and evaluate the average grade of the known veins. Geologist Michel Roy…
Hemlo study
Question on Hemlo. How best to deal with the human services, (housing, health, recreation, etc.) in the communities most affected by the Hemlo gold boom? To help the companies, the communities themsel…