Barrick decides to split stock
The success of American Barrick Resources (TSE) at the Goldstrike mine in Nevada is paying off for shareholders not only of Barrick but of Franco-Nevada Mining (TSE). Barrick announced a 2-for-1 stock…
Articles by Northern Miner Staff
Newmont boosts output slightly
Gold sales of 1,587,900 oz. were reported by Newmont Gold (NYSE) for 1992, compared with 1,576,900 oz. in 1991. Sales revenues (from gold) last year totalled US$546.4 million, compared with US$572.8 m…
Public meeting scheduled for Lac des Iles project
A public information session is to be held soon in Thunder Bay, Ont., to discuss environmental permitting for Madeleine Mines’ (TSE) Lac des Iles project. Madeleine hopes to bring its palladium-platin…
GUEST COLUMN — Nunavut looks to the future
A positive new investment climate is evident in the Northwest Territories now that the Inuit land claim has been settled. The negative attitude expressed by retired publisher emeritus M.R. Brown (“Car…
St Andrew focuses on West zone
Since opening its Stock Twp. gold mine near here in July, 1989, St Andrew Goldfields (TSE) has been fighting an uphill battle against low gold prices and a severe shortage of cash. With the recent min…
Rayrock offer
Rayrock Yellowknife Resources (TSE) has extended, until Feb. 8, the deadline for acceptance of an offer to holders of Rayrock’s $24.5 million 7.5% convertible subordinated debentures. Terms of the off…
Brunswick options PGE property
PGE Resources (ASE) has optioned its Devil’s Pike gold property in the Annidale area of New Brunswick to Brunswick Mining and Smelting (TSE). Under the agreement, Brunswick has 45 days to examine the …
Virginia begins drilling program
A drilling program is under way at the SAGAR-III gold-uranium property in the Labrador trough area of Quebec, Virginia Gold Mines (ME) reports. Aim of the program is to confirm the presence of one or …
Curragh reports loss for 1992
After reflecting a $16.6-million extraordinary charge for the loss stemming from the fatal accident at the Westray coal mine last May in Nova Scotia, Curragh (TSE) reported a net loss for 1992 of $54….
Possibilities for foreign investment expanding in CIS
A mining delegation to the Commonwealth of Independent States (CIS) late in 1992 found that investment opportunities are more favorable than in the previous year, although the political risks are stil…
NEWS ROUNDUP — Starmin, Hellens deal with Falconbridge
A letter of intent to explore for massive sulphides near the town of Cobalt, Ont., has been signed by project partners Starmin Mining (TSE) and Hellens Eplett Mining with Falconbridge. Falconbridge ma…
NEWS ROUNDUP — Agnico finances Goldex purchase
To finance the acquisition of the remaining interest in the Goldex gold deposit in Quebec, Goldex Mines (TSE) has issued 1.78 million flow-through shares at $1.15 to parent Agnico-Eagle Mines (TSE). T…