Uncertain fate awaits Paymaster
The Paymaster gold project at Timmins, Ont., faces an uncertain future now that Placer Dome (TSE) has decided to take a $31-million writedown on the value of its interest in the property. Although Pla…
Articles by Northern Miner Staff
Metal output value falls 17%
The total value of mineral production in Canada in 1991 decreased by 14.6%, or about $6 billion, from the 1990 level, Energy, Mines and Resources Canada (EMR) reports. EMR said this decline was mainly…
NEWS ROUNDUP (February 17, 1992)
P.T. Inco, Inco’s (TSE) Indonesian division, produced a record amount of nickel in matte during 1991 75.9 million lb. compared with 59.6 million lb. in 1990. But despite the production increase, P.T. …
Minnova moves three drills on to Benoit property
A third drill rig has been added to the Benoit gold project in the Quevillon area northeast of Rouyn, Que., where Freewest Resources (TSE) made a significant gold discovery last winter. Two of the rig…
Miller’s Musings (February 17, 1992)
Times are tough in Canada. Not only is the economy stalled in a recession, but even when the recovery comes, we will have to find our way in a global village where the street signs keep changing. To c…
LETTERS TO THE EDITOR (February 17, 1992)
Every week I read The Northern Miner hoping to see a change in the stability of the mining industry, and yet it never comes. The articles describing the bickering between the provincial and federal go…
Starmin, Adonos update Hinobaan reserve estimate
Shareholders of both Gateford Resources (ASE) and Landmark Corp. (TSE) recently approved an amalgamation of the two companies. The name of the amalgamated company will be Landmark Corp.
New financing for Radisson
A recent private placement at 20 cents per share raised $170,000, Radisson Mining Resources (ME) reports. The proceeds will be used to start an exploration program on the company’s Duquesne property n…
Kingswood cuts 60-ft. gold zone
Further drilling at Kingswood Explorations’ (ASE) 24-claim Devon property near Matheson, Ont., has intersected a wide, gold-bearing zone called the “Thunder zone.” Hole 92-16 intersected 57.7 ft. grad…
GOLD FUNDS (February 17, 1992)
BGR Central Net Value $8.31 $5.22 Price $7.75 $4.650 Discount 6.75% 10.9% Value $49,490,000 $78,232,995…
Correction (February 17, 1992)
“U.N. Earth Summit” (T.N.M., Jan. 20/92) incorrectly identified Kenneth McCready of TransAlta Utilities as spokesman for Canada’s mining industry at the June, 1992, United Nations Conference on Enviro…
Queenston takes control of Thermal
Queenston Mining (TSE) has signed a letter of intent to purchase 30.5%, or 3.5 million shares, of Thermal Exploration (ASE) at 35 cents per share. Thermal has a 50% interest in the Williams Creek copp…