Goldtex Resources, Canadian Mountain to merge
Talks between Canadian Mountain Minerals (CYM-A) and Goldtex Resources (GXR-A) have led to an agreement that will see the two companies merge.The merger agreement has yet to be approved by shareholder…
Articles by Northern Miner Staff
Homestake ceases underground mining — ‘Substantial loss’ at mine prompts company to get house in order
For only the second time in its 122-year history, the Homestake gold mine near Lead, S.D., has ceased production from underground.Homestake Mining (HM-N) stated, however, that after a dramatic restruc…
Breakwater nixes Bolivian zinc deal
Breakwater Resources (BWR-TWR-T) is scrapping its plans to buy a controlling interest in Bolivian zinc producer Minera.The company attributes the decision to delays caused by Minera’s failure to restr…
GREATEST VALUE TRADED, Jan. 21-27
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Kinross sees cost reductions ahead
With gold prices still mired around US$300 per oz., speculation is growing that some companies will not be able to survive a prolonged period of depressed prices. Kinross Gold (K-T), fully aware that …
Noranda deal
ignites takeover talkNoranda (NOR-T) has agreed to sell its interest in Norcen Energy Resources Group to U.S.-based Union Pacific Resources Group for $1.8 billion in cash.Noranda owns 92.6 million sha…
Index (January 26, 1998)
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Meetings (January 26, 1998)
Jan. 28, Hurley RiverJan. 28, MacMillan GoldJan. 28, Ohio Res.Jan. 28, PantherJan. 28, TornadoJan. 29, Dore NorbaskaJan. 29, GoldtexJan. 29, Molycor GoldJan. 30, AlexanderJan. 30, ExcellonJan. 30, HMH…
No savior for Westmin
Having failed to find a white knight, Westmin Resources (WMI-T) has placed its fate in the hands of its shareholders.The Vancouver-based company issued a statement saying it will make no recommendatio…
Asia Minerals drops Yingezhuang
A clash of business cultures appears to be the main reason why Asia Minerals (AMP-A) has decided to terminate the Yingezhuang gold joint venture with the Zhaoyuan Gold Industrial Group of China.After …
Don Mario advances to feasibility
After studying a variety of development proposals from third parties, management of Orvana Minerals (ORV-T) has decided to retain a 100% interest in the Don Mario gold-copper project in eastern Bolivi…
Guyanor makes progress in French Guiana
Drilling by Guyanor Ressources (GRL.B-T) has increased the known extent of massive sulphide mineralization at the Paul Isnard project in French Guiana.Guyanor’s objective is to fill in the areas of kn…