Ambitious Kinross buys Falconbridge Gold
Toronto-based Kinross Gold (TSE) is on its way to becoming a new player on the Canadian gold mining scene. Just last month the company purchased two U.S. gold mines for US$16.8 million (see separate s…
Articles by Northern Miner Staff
Placer sells Dona, mining to continue
With minable reserves nearly depleted, Placer Dome (TSE) has sold its Dona Lake gold mine to mining contractor Ross-Finlay for $2 million. The sale includes the mine, a 550-ton-per-day mill (south of …
Tenajon drilling tests Storm zone
Tenajon Resources (VSE) has released assay results from the first four holes drilled to test the Storm zone on the SB property near Stewart, B.C. The zone is believed to be a faulted-off portion of th…
Cambiex releases drill results from Philibert gold bet
Montreal-listed Cambiex Exploration has released initial results from a 14,000-metre program on the Philibert gold property near Chibougamau, Que. A hole drilled into Zone 179 intersected 10.2 metres …
Odd-lot sales extended by Lac
Toronto-listed Lac Minerals has been granted permission by the Toronto Stock Exchange to extend its small-shareholder, odd-lot selling program to Oct. 4. The previous deadline was July 30.
NEWS ROUNDUP — Redstone arranges $16.5-million financing
Toronto-based royalty company Redstone Resources (TSE) has entered an agreement with Yorkton Securities, First Marathon Securities and Gordon Capital to issue three million special warrants at $5.50 e…
NEWS ROUNDUP — Louvem, St. Genevieve sell SEG
Privately owned Orimar Resources has acquired a 65% interest (10.2 million shares) in SEG Exploration (ME) from St. Genevieve Resources (TSE) and Louvem Mines (TSE). In return for the SEG shares, Orim…
ODDS’N’SODS — Mining atop Mount Copeland
As the old saying goes, “some people thrive on adversity.” This may or may not be true. However, the crew who volunteered to work at the top of Mount Copeland in the winter of 1967 were sorely tested …
Mineral rights relinquished for Yukon parkland
Six resource companies, Noranda among them, have sold and donated their mineral rights in the northwest corner of the Yukon. The move will result in the creation of a new park, Vuntut. Two-thirds the …
EDITORIAL PAGE — When good news is no news
American Barrick announces an astonishing 72% rise in profits in the first half of the year. But such sterling financial performance garners hardly a ripple in the financial news columns. It’s given m…
MAPAO granted civic award
The Mines Accident Prevention Association of Ontario (MAPAO) has been presented with two awards from the city of North Bay. Both awards were given for MAPAO’s “significant contribution to the outstand…
NO HEADLINE (July 26, 1993)
Despite a flurry of exploration in the Northwest Territories, where an estimated 30 exploration camps and several drills are active, the speculative diamond market is in the doldrums. The shares of ma…