NDP is simply anti-mining
Despite the rhetoric and sweet talk flowing from the Bob Rae-Bob White administration ostensibly wooing business, I saw absolutely nothing in the recent Ontario throne speech that could possibly encou…
Articles by Northern Miner Staff
NEWS IN BRIEF (May 11, 1992)
Premier Gold Resources Inc. (PGL:VSE) has changed its name to Cryptic Ventures Inc. (CYV:VSE) with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Pacific Corporate …
Rhonda options Noranda prospect
A letter of intent has been signed between Rhonda Mining (ASE) and Noranda Exploration whereby Rhonda may earn a 50% interest in a copper property in the Coppermine area of the Northwest Territories b…
Viceroy sets standard for California mines
The official opening of the Castle Mountain gold mine in this historic mining district was a day of celebration for Viceroy Resource (TSE), a persistent and progressive junior company which overcame a…
Fluor awarded $180-million HudBay contract
Fluor Daniel has secured a $180-million contract to upgrade Hudson Bay Mining and Smelting’s (TSE) processing operations at Flin Flon, Man. The contractor’s mining and metallurgical wing, Fluor Daniel…
Newmont earns US$40 million on gold purchase
Newmont Mining (NYSE) recently took advantage of low gold prices to buy 375,000 oz. of gold on the forward market. The new reserve will be used to pay off the balance of a one million oz. gold loan sc…
Mixed results from drilling at Contact Lake
Widely-spaced holes designed to test the Muskeg and Owl showings on the Contact Lake gold property in northern Saskatchewan have all returned uneconomic intersections, says partner Westward Exploratio…
Shipping lane could prompt boom north of Yellowknife
The MV Arctic set sail this week from Halifax en route to the Nanisivik terminal on Baffin Island to pick up about 25,000 tonnes of lead and zinc concentrates before heading to Europe. In June, the sh…
S.A. Goldfields looks to future
If a merger between South American Goldfields (TSE) and Golden Star Resources (TSE) proceeds as planned, the amalgamated company would expect to be “a medium-sized and rapidly growing” gold producer b…
TSE Short Positions (May 04, 1992)
Semi-monthly reports as of April 15, showed 26,377,283 shares of 619 issues compared with 24,177,660 shares of 587 issues on March 31. Larger individual positions included: Amax Gold 122,250, down 21,…
New investment being turned off
A growing obsession with environmental regulations and an unnecessarily complicated tax structure are discouraging new investment in Canada’s mining industry, says Lars Eric Johansson, chief financial…
Private development Gold mine in works for the Timmins area
The economy here is in for a shot in the arm perhaps as early as year’s end thanks to a new gold mine being developed about 90 miles to the southwest. Kian Jensen, administrator of the privately owned…