Cominco Res. reports turnaround
Improved financial and operating results were reported by Cominco Resources International (TSE) for its 1991 second quarter ended June 30. During the period the company tallied a modest loss of $269,0…
Articles by Northern Miner Staff
Wheaton to bid for Omni Res.
Having recently purchased Mount Skukum mill southwest of Whitehorse, Yukon, Toronto-based Wheaton River Minerals (TSE) says it intends to make a takeover bid for all the outstanding shares of Omni Res…
INSIDER TRADING (August 19, 1991)
American Barrick Resources (TSE) may have dropped its plan to merge with Newmont Mining (NYSE) of Denver, but executives within the Toronto company continue to make money in the stock market. Accordin…
Pan East extends debenture term
In order to extend the term of its loan, Pan East Resources (ASE) will amend its Series 1989 debentures. Currently payable on demand, the debentures will become payable on Aug. 31, 1992. As well, the …
Unlisted Trading (August 19, 1991)
Exploration programs in Manitoba and Mexico helped the share value of Canmine Resources to rebound recently. The company’s stock was in a low-high range of 17-21 cents and 40,000 shares changed hands …
Spectrum hole cuts high-grade values
As predicted, hole 76 drilled at the Spectrum property in northwestern British Columbia returned some of the highest-grade values seen to date on the property. This year’s program is operated by Colum…
New SOQUEM president named
The mineral exploration arm of the Quebec government, Societe quebecoise d’exploration miniere (SOQUEM), has a new chief. Yves Harvey, 41, was recently nominated by the Quebec cabinet as president and…
Scotia, Phelps begin drilling
Financed by Phelps Dodge of Canada, Scotia Prime Minerals (ASE) has started drilling a portfolio of Nova Scotian properties. Under the current program, expected to be complete by the end of September,…
Plane crash claims Hanson, Larche injured
Prospector John Larche is recovering in an Alberta hospital from severe injuries he sustained in an Aug. 7 plane crash that killed his passenger and fellow prospector Harris Hanson. Larche and his clo…
Falconbridge Gold pursues Canamax assets
Falconbridge Gold (TSE) has signed a letter of intent to purchase the 25,000 oz.-per-year Bell Creek gold mine and mill near Timmins, Ont., from Canamax Resources (TSE), for $5 million. Toronto-based …
Mineta, Auden amend deal
Under an amended agreement between Glen Auden Resources (TSE) and Mineta Resources (VSE), Mineta can purchase, at any time, a 2% net smelter royalty on the partners’ 25-claim property in Casa Berardi …
Hillsborough, Brinco discuss merger
Lead-zinc producer Hillsborough Resources (TSE) and coal producer Consolidated Brinco (TSE) are negotiating a corporate merger. The two companies reported signing a letter of intent for the merger. Th…