Hillsborough, Brinco discuss merger
Lead-zinc producer Hillsborough Resources (TSE) and coal producer Consolidated Brinco (TSE) are negotiating a corporate merger. The two companies reported signing a letter of intent for the merger. Th…
News
Timmins Nickel completes issue
Timmins Nickel (TSE) has raised gross proceeds of $5 million after completing and closing an issue of five million special warrants. Each special warrant, priced at $1 each, entitles the holder to one…
Drilling at Sutton property returns wide intersections
A drilling program on the Marudi Mountain gold property owned by Sutton Resources (VSE) has returned a number of good intersections. The property, in southern Guyana, was acquired last year subject to…
LETTERS TO THE EDITOR (August 19, 1991)
The Odds `n’ Sods column “Revisiting Quebec’s north in the 1950s” (T.N.M., July 29/91) is an offensive and provocative article which The Northern Miner, with its long experience of the North country, …
Seven rigs on site Active drill program at New World project
With five core and two reverse circulation drill rigs at work, the New World gold-silver-copper project in Park Cty., Mont., ranks among the most active mineral projects currently being explored and d…
NEWS IN BRIEF (August 19, 1991)
Vanex Resources Ltd. (VX:VSE) has changed its name to Poplar Resources Ltd. (PPX:VSE) with a consoli-dation of capital on a 1-new-for-4-old share basis.
U.S. REPORT (August 19, 1991)
North America’s largest gold producer, Newmont Gold (NYSE), reported pouring its 10 millionth oz. Aug. 1 from its mines on the Carlin Trend in northeastern Nevada. Newmont brought its first Carlin Tre…
Westar Mining losses mount
Low coal prices and the high level of the Canadian dollar continue to take their toll on Westar Mining (TSE). The company reported a net loss of $9.8 million for its 1991 second quarter and a loss of …
IOCC GOLD OPTIONS (August 19, 1991)
The New York closing gold price was $350.00 per oz. Last quotations for gold options traded in Montreal and Vancouver as provided at the close of trading each Tuesday by the Montreal Exchange. Only th…
University study at A-J mine
A unit of Echo Bay Mines (TSE) recently awarded a research grant of about US$112,000 to the University of Alaska’s mineral industry research laboratory. The grant will support a 1-year study of rocks …
On the Level – One-industry towns have had their day
Should government be bailing out one-industry towns that inevitably run into trouble? Ontario’s Elliot Lake is a classic example. Did its founders and fathers really think its albeit large deposits of…
INSIDER TRADING (August 19, 1991)
American Barrick Resources (TSE) may have dropped its plan to merge with Newmont Mining (NYSE) of Denver, but executives within the Toronto company continue to make money in the stock market. Accordin…