LETTERS TO THE EDITOR (March 16, 1992)
I was born in a small wonderful community in northern Ontario, west of Sudbury in the town of Massey. My father owned a business started by his father in the late 1800s known as Sadowski & Co. General…
Articles by Northern Miner Staff
Granges dispute remains unsettled
Legal proceedings against Granges (TSE) are unlikely to be settled in short order judging from recent action taken by plaintiffs Oxford Acquisitions. Oxford, through a suit launched almost three years…
Corona entertains takeover proposals
While not officially on the block, International Corona (TSE) is being courted by a number of international mining companies interested in a possible “business combination.” Dundee Bancorp (TSE), Coro…
KWG negotiates private placements
Recent private placements with independent investors raised $500,000 for KWG Resources (ME), the company says. In total, 400,000 treasury shares were issued at $1.25 per share. The company said the fu…
Royal Oak exceeds forecast, 1991 earnings top $8 million
Gold producer Royal Oak Mines (TSE) exceeded its earnings forecast in 1991, even though its revenues were adversely affected by declining gold prices and a strengthening Canadian dollar. Royal Oak Pre…
Vancouver Stock Exchange (March 16, 1992)
A review of trading activity in February for the VSE indicates that the market retained much of its momentum from January, with 381 million shares traded at a value of about $401 million. The trading …
Montreal Exchange (March 16, 1992)
The market turned down during the week ended March 10. The mining and minerals index slipped by 8.1 points and the market portfolio was off by 33.7 points. Daily trading volumes ranged between 3.9 mil…
Denison ends 35-year run of Elliot Lake uranium mining
A brief ceremony March 11 in Elliot Lake, Ont., marked the end of 35 years of uranium mining by Denison Mines (TSE) in the northern Ontario community. President Bill James presided at the mainly symbo…
Martel testifies before committee
Shelley Martel says she became increasingly upset with a Sudbury doctor in the weeks before she lied about his practice. In her first day of testimony before the committee probing her conduct, Ontario…
U.S. REPORT (March 16, 1992)
Pathfinder Exploration, a wholly owned subsidiary of mining giant Cogema, recently signed an option to earn up to a 65% interest in the Morning Glory/Wallace Creek property owned by Formation Capital …
Royal Oak takes control of Trader
Shareholders of Trader Resource (TSE) unanimously approved an offer to exchange 15 million shares for interests in two Ontario mineral properties held by Royal Oak Mines (TSE). Royal Oak now owns over…
IMM celebrates 100th anniversary
The Institution of Mining and Metallurgy (London) recently hosted a dinner in Toronto to mark the 100th anniversary of the organization’s founding. Guest speaker was Hugh Allen, president of the IMM a…