Covenant to merge with El Condor
An agreement in principle was reached between El Condor Resources (VSE) and Covenant Resources (VSE) for the merger of the two companies. The new company will issue one new share for each El Condor an…
Articles by Northern Miner Staff
Toronto Stock Exchange Arimetco active as investors await economic
Concern over interest rates and first-quarter earnings combined to drive some investors out of the market during the week ended April 9. Having profited from a first-quarter rally, which they fear may…
Smelter union rejeacts offer, Brunswick strike continues
Employees at Brunswick Mining & Smelting’s (TSE) zinc mine and smelter near Bathurst, N.B., will remain on strike rather than accept a “final offer” from the company, says Phil Best, a representative …
Mining executives among top earners
A list of Canada’s best paid corporate executives in 1990 would include Chairman Donald Phillips of Inco (TSE) and President Anthony Petrina of Placer Dome (TSE). Information on executive salaries is …
Trillion invests in African mine
After completing a 12-hole drill program on Jena Mines’ gold property in Zimbabwe, Trillion Resources (ASE) has negotiated an agreement to earn a 50% equity interest in the African company by investin…
PRODUCER PRICES (April 15, 1991)
ALUMINUM: MW U.S. Market US65-68 cents per lb. (Mar. 27, 1991). ANTIMONY: New York dealer US84-85 cents per lb. (Mar. 14, 1991). BISMUTH: New York dealer US$2.80-2.90 per lb. (Jan. 31, 1991). CADMIUM:…
U.S. REPORT Nerco revives Cripple Creek on camp’s 100th anniversary
The 100th anniversary of mining in the historic Cripple Creek district of Colorado will be marked by several of the region’s gold properties being brought back into production this year. A unit of Ner…
U.S. REPORT Pacific Sentinel drops Golden West
Following the completion of a 34-hole drilling program, Pacific Sentinel Gold (VSE) decided to terminate its option on the Golden West property in La Paz Cty., Ariz. Pacific Sentinel had an option to …
EDITORIAL
At Curragh Resources, our results are tied very closely to the value of the Canadian dollar. The present strength of our currency may help Canadians who are vacationing in Florida, but it’s a serious …
Holmer acquiring Chevron interest
Holmer Gold Mines has agreed to acquire Chevron Minerals’ interest in the Bristol Twp. gold property near Timmins, Ont., for 400,000 shares of Holmer. The agreement is subject to regulatory approval. …
Hecla revises CoCa merger
A merger agreement between Hecla Mining (NYSE) and CoCa Mines (NASDAQ) has been amended in order to establish the number of Hecla common shares to be issued in Hecla’s acquisition of CoCa. The number …
Montreal Exchange VSM is active
Active trading marked the week ended April 9, with daily volumes ranging between 4.5 million and 7.6 million shares. The market portfolio was off by almost 9 points on the week, with the mining and mi…