Articles by Northern Miner Staff

The Nerco Con mine at Yellowknife, N.W.T., could change hands if Nerco (NSYE) finds a buyer for its minerals division. The diversified resource company recently announced it had retained J.P. Morgan, …

Halifax-based Scotia Prime Minerals (ASE) has optioned a base metals property near Five Islands, N.S., to the Canadian unit of U.S.-based giant Phelps Dodge Corp. — the fourth in a series of agreemen…

Toronto-based Canadian Overseas Exploration (VSE) has acquired the right to a 50% interest in a joint venture to develop and exploit a 650-sq.-km diamond concession off the coast of Namibia. The conce…

Total world gold supply in 1991 dropped for the first time since 1983 to 2,815 tonnes from 2,913 tonnes in 1990, according to Gold Fields Mineral Services’ annual survey Gold 1992. However, primary mi…

Gold sales by the Bank of Canada in 1991 were almost 1.8 million oz., the highest level since the program was initiated in 1980 and 462,000 oz. more than 1990 sales. Gold sales will continue at a rate…

When Royal Oak Mines swung the deal to buy the Hope Brook gold mine in Newfoundland from BP Canada, it was good news for the companies, for the province and for the people who work at the mine. But, l…

The Mining Association of British Columbia, the Coal Association of Canada, and the British Columbia & Yukon Chamber of Mines are all making submissions to a commission now examining methods to settle…

An option to purchase 500,000 shares of St. Philips (VSE) at $3 per share recently lapsed after Rio Algom (TSE) declined to proceed with the purchase. The options were part of a larger option deal dat…

Productivity improvements at the Myra Falls mine enabled Westmin Resources (TSE) to achieve its best quarterly results in seven quarters, a net loss of $3.23 million for the 1992 first quarter compare…

Without waiting for a detailed examination of diamonds found by Dia Met Minerals (VSE) and BHP-Utah Mines on their Lac de Gras property, analysts are already comparing the grades with gem stones mined…

Recently Royal Oak Mines (TSE) mobilized a team of contract miners to replace striking workers at its Giant mine near Yellowknife, N.W.T. — an unusual move in the industry. As might be expected, the …

An option to earn a 50% interest in a gold property in the Mexican state of Zacatecas has been acquired by Menora Resources (ME). The junior, to act as operator, may earn its interest by spending US$1…