Articles by Northern Miner Staff


FINANCING (December 24, 1990)

Vaalco Energy Inc. — 38,333,333 shs offered @ 60 cents per sh. Golden Eagle Resources Ltd. — 1,500,000 shs offered @ 10 cents per sh.


U.S. REPORT Atlas drops into red in first quarter

A drop in both the price of gold and production levels help to explain a loss of US$688,000 for Atlas (NYSE) in its first quarter ended Sept. 30. The results compare to a net income of US$607,000 in t…


Orex, Onitap reach agreement on suit

A legal dispute related to the Goldboro gold project in Nova Scotia has been settled out of court by Onitap Resources (TSE) and Exploration Orex (ME). (T.N.M., Dec. 17/90. Orex, which initiated the le…


Metal Prices FREE MARKET (December 24, 1990)

London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date December 18 December 17 December 14 December 13 December 12 Copper 1288-1289 1294-12…


GOLD FUNDS (December 24, 1990)

MVP BGR Central Capital Net value $9.38 $5.39 $0.26 Price $8.25 $4.850 $0.13 Discount 12.05% 10.0% 50.0% Value $55,826,331 $81,597,855 N/A…



Editorial Setting aside funds for mine closure

When an orebody is depleted, mining companies have to ensure safe and complete mine closure, but that responsibility cannot be at such a cost that the mining operation itself becomes uneconomic. Miner…


Val d’Or confrence

The 10th underground operation conference will be held in Val d’Or, Que., Feb. 24-27. The theme is “safety, productivity and costs . . . sharing tricks of the trade.” Field trips will be included. Par…


Mining courses at U of Nevada

A series of short courses on mining will be given at the University of Nevada, Reno, during the Spring of 1991. It is designed to provide information on some of the industry’s latest technological dev…


AMC/NCA to improve communication skills

A national mining industry communications workshop will be held at the Westin-Tabor Center in Denver, Colo., March 5-7. The workshop is sponsored by The American Mining Congress and the National Coal …


Premier opens MNDM building in Sudbury

Ontario Premier Bob Rae recently opened the new building in Sudbury that houses the head office of the Ministry of Northern Development and Mines and the Mining Health and Safety Branch of the Ministr…


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