Montreal Exchange: New life for Eastmain
New life has been breathed into the Eastmain gold project in northwestern Quebec near James Bay. Property owner MSV Resources has struck a joint venture deal, subject to regulatory approval, with Mest…
Articles by Northern Miner Staff
Barrick’s Munk exercises option
American Barrick Resources'(TSE) flamboyant Chairman Peter Munk recently showed his colleagues just why he is regarded as the golden boy of the Canadian mining industry. As revealed by the Ontario Sec…
RTZ to close UK tin smelter
London-based RTZ (NYSE) is closing its wholly owned Capper Pass tin smelter at Ferriby, North Humberside, England, because of deteriorating commercial conditions. The controlled closure is expected to…
Parklake purchase
Junior Parklake resources (TSE) reported an agreement to purchase, through a 70% owned subsidiary, most of the assets of the Steak Shop, a franchise chain of frozen bulk- packaged quality meats, poult…
Noranda increases reserves at New World gold project
After incorporating all the data from the 1990 field season, a unit of Noranda (TSE) has released final preliminary reserve figures for the New World gold-silver-copper project near Cooke City, Mont. …
Keevil named to Business Hall of Fame
The late Norman Bell Keevil has been named a member of the Canadian Business Hall of Fame. He and five other laureates will be inducted April 11 by Junior Achievement of Canada. Keevil, who died in la…
Numac Listing
Numac Oil and Gas, an oil and gas producer in Western Canada that has a 15% interest in the developing Midwest uranium deposit in Saskatchewan, recently listed for trading on the Montreal Exchange.
Arizona produces $3-billion worth of minerals
Recently released by the Department of Mines and Mineral Resources, Directory of Active Mines in Arizona — 1991 lists 55 companies, 94 mines and 123 sand-gravel operations. Arizona, the leading nonfu…
Mining firms seen growing into integrated producer/processor
You are entering an industry notable for the challenges that face it. You know that we have to produce commodities for sale on international commodity markets at price levels that largely reflect the …
Cyprus Minerals writes down assets
Earnings of US$111 million, or US$2.38 per share, were reported by Cyprus Minerals (NYSE) on revenues of US$1.9 billion for 1990. This compares with 1989 restated earnings of US$164.9 million on reven…
Faxed claims focaus of dispute
Two prospectors and their agent are disputing the ownership of 13 claims staked by Gold Fields Mining last October. A hearing has been launched in Thunder Bay, Ont., to investigate the validity of Gol…
Massive sulphide target drilled on Rock & Roll
Partners Eurus Resource (VSE) and Thios Resources (VSE) have started a $1.5-million program to further evaluate polymetallic volcanogenic massive sulphide mineralization discovered on the Rock& Roll p…