New contract at Falconbridge
Union workers at the Sudbury, Ont., operations of Falconbridge voted 68% in favor of a new 3-year contract. Ratification came the day before a strike deadline by members of the Mine, Mill and Smelter …
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…
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…
On the Level – One-industry towns have had their day
Should government be bailing out one-industry towns that inevitably run into trouble? Ontario’s Elliot Lake is a classic example. Did its founders and fathers really think its albeit large deposits of…
Drilling at Sutton property returns wide intersections
A drilling program on the Marudi Mountain gold property owned by Sutton Resources (VSE) has returned a number of good intersections. The property, in southern Guyana, was acquired last year subject to…
Timmins Nickel completes issue
Timmins Nickel (TSE) has raised gross proceeds of $5 million after completing and closing an issue of five million special warrants. Each special warrant, priced at $1 each, entitles the holder to one…
Private placement by Cal Graphite
A $3-million private placement involving 750,000 units (shares and warrants) at $4 per unit has been announced by Cal Graphite (VSE). Each unit will consist of one common share and a warrant to purcha…
Significant intersection at Fort Knox
Recent drilling on the Fort Knox property near Fairbanks, Alaska, has returned a 530-ft. intersection grading 0.42 oz. gold per ton in hole 91-319. Fairbanks Gold (TSE) owns a 51% interest in the prop…
Arimathaea boss exercises options
Graham Ferguson Lacey, the new chairman of Toronto-based Arimathaea Resources (TSE) recently exercised his rights under a management stock option plan to acquire 85,000 of the company’s common shares….
Royal Oak eyes potential in Athabaska
Armed with funds from a recently announced private placement, Athabaska Gold Resources (TSE) is gearing up to resume exploration of its 60% owned Nicholas Lake gold project, 60 miles north of Yellowkn…
Black Hawk bids for Knox permit
Now that a new set of mining regulations has been approved by the State of Maine, Black Hawk Mining (TSE) is attempting to become the first mining company in over a decade to obtain a mining permit th…
Montreal Exchange (August 19, 1991)
Mixed trading marked the week ended Aug. 13, with the market portfolio gaining 2.7 points and the mining and minerals index dropping by 18.6 points. Daily volumes, weakest during the middle of the rep…