Cominco earnings dive in first half
Earnings for Cominco (TSE) in the first half of 1990 plunged to $40.3 million from the $141.3 million reported for the first half of the previous year. The drop in earnings was attributed to reduced v…
Articles by Northern Miner Staff
Soviets seek council seat
The Soviet Union is reported to have applied to join the World Gold Council, a lobbying and promotional group whose membership includes more than 90 non- communist mining companies. The application wa…
Prime, partners ready to test GNC showing
A drill rig is set to begin testing of the Tip Top showing at the GNC property in northwestern British Columbia, Prime Resources Group (VSE) reports. The GNC property, which lies adjacent to and, for …
Chutine brings N.A. methods to Mexican copper/gold bet
Toronto-based Chutine Resources (VSE) has commissioned a feasibility study to determine the economic viability of a sizable porphyry copper deposit on the San Antonio de la Huerta property in the Mexi…
Corona boosts gold output by 15% but earnings drop during first
Although Corona’s (TSE) first- half gold production increased by 15% in 1990, lower gold prices and the strong Canadian dollar resulted in an earnings drop for the gold producer. For the first six mon…
American Mining Congress
The American Mining Congress (AMC) has recommended the adoption of specific provisions in the final U.S. clean air bill to “preserve a viable domestic mining industry.” The provisions, submitted to th…
Ascot, Beauchamps have gold assays
Joint venture partners Ascot Resources (VSE) and Beauchamps Exploration (VSE) say they have identified two anomalous zones of gold and base metals mineralization on their Kiniskan Lake property, 112 m…
Horsham earnings up 46% in quarter
The controlling shareholder of American Barrick Resources (TSE), Horsham (TSE), achieved record second-quarter earnings, thanks to the performance of its oil producing subsidiary. Horsham said net ear…
Gigi and Goldbelt start drilling
Drilling has started on the Trophy Gold Project owned by Goldbelt Mines (VSE). The property is in the Galore Creek area, 100 miles northwest of Stewart, B.C., and is under option to Gigi Resources (VS…
Flag Resources in deal with Golden Briar
In a private placement, Calgary- based Golden Briar Mines (ME) has issued one million shares from treasury to Flag Resources (ASE) as payment for $150,000 owed to Flag by Golden Briar. Golden Briar Pr…
COATS (over the counter) July value down 72%
Looking at the monthly statistics for the over-the-counter exchange, it is painfully clear that junior mining stocks have taken a beating over the past year. While volumes have remained relatively ste…
Noranda employees accept Geco offer
Employees at Noranda Minerals’ Geco division at Manitouwadge, Ont., recently voted 79% in favor of ratifying a new 2-year labor contract. Under the terms of the agreement, wages paid out by the Norand…