Judith Gold to merge with Crown
Through a merger proposal with Judith Gold Mines, Crown Resources (VSE) expects to add over 2,000 oz. gold production per year. Crown is proposing a share exchange on a 1-for-25 basis which would resu…
Articles by Northern Miner Staff
Magnesium plant to be shut down
The new magnesium plant built near High River, Alta., will close following a decision by a partner not to continue funding the operation. The production facility was built by the Magnesium Company of…
Noranda offers Hemlo all its gold properties
Noranda (TSE) has offered to sell all of its gold assets worldwide to Hemlo Gold (TSE) for $80 million. If the deal goes through, it would boost Hemlo’s reserves of proven and possible contained gold …
Underground nixed at Big Bell
The companies involved in the Big Bell open pit mine in Western Australia recently announced that proposed development of an underground mine on the property will not proceed. The mine is owned by jo…
Minnova rethinks strategy after Samatosum
The original investments Minnova (TSE) made in the Winston Lake and Ansil mines have been paid off, and the company is in the enviable position of having a substantial cash balance, shareholders learn…
Amax earnings down 36%
General recessionary pressures including lower prices for aluminum, gold and oil resulted in a 36% drop in first quarter earnings for Amax Inc. (NYSE). The New York company recorded net earnings of U…
Calgary to host conference
Calgary has been selected as the site for next year’s Second International Conference on Environmental Issues and Management of Waste in Energy and Mineral Production. A “call for papers” was recentl…
Tintina, NSR plan joint work
An agreement to jointly explore property in English and Zavitz twps. in northeastern Ontario has been negotiated by Tintina Mines (TSE) and NSR Resources (TSE). Tintina optioned the property — compr…
PEOPLE CANNELLE EXPLORATIONS
Louis Duprat appointed president and director; Vern Langule appointed a director succeeding P. Cusano and J. McPherson who resigned.
IOCC GOLD OPTIONS (May 06, 1991)
The New York closing gold price was $357.30 per oz. Last quotations for gold options traded in Montreal and Vancouver as provided at the close of trading each Tuesday by the Montreal Exchange. Total v…
GOLD FUNDS (May 06, 1991)
Gold funds as of Apr. 30 BGR Central Net Value $8.67 $4.98 Price $7.38 $4.700 Discount 14.88% 5.6% Value $51,639,780 $79,074,210…
Unlisted Trading Strike remains active
News of plans for a third drill program at the Robertson Twp. copper-zinc prospect near Matachewan, Ont., kept Strike Minerals active. Trading on a volume of 23,500 shares, the company closed at 35 ce…