Protecting balance sheet Teck’s priority
If Teck’s (TSE) latest annual report is any indication, shareholders can expect an all-out effort to match or exceed the company’s impressive growth rate of the past decade in the 1990s. That might be…
Articles by Northern Miner Staff
Securities Commission appointment
Finance and Corporate Relations Minister Mel Courvelier recently announced the appointment of a fifth member of the British Columbia Securities Commission, Joyce Maykut, Q.C., who will act as vice-cha…
Sphinx, Mimiska buying copper mine in Philippines
A copper-gold-silver mine in the Philippines is being purchased by associated companies Sphinx Mining (ME) and Mimiska Mining (ME). Total sale price to Minariel International, a subsidiary of the juni…
COATS (over-the-counter) Southern into Eskay
Continuing on their upward trend, shares of Southern Arizona Mining and Smelting jumped 20 cents to close at 57 cents. The company has entered into another option agreement whereby it will purchase 4….
Japanese eye Brazil
Reports that a major Japanese mining group is planning to buy all of Brazil’s foreign debt — about $115 billion — in exchange for exclusive gold mining rights to the Amazon have been greatly exagger…
Prime sells stake in Akiko-Lori Gold
Murray Pezim’s Prime Resources (VSE) has sold its stake in junior explorer Akiko-Lori Gold Resources (VSE) to concentrate its efforts on the high profile Eskay Creek gold play in northwestern British …
COATS (over-the-counter) Southern Ariz. up 12 cents
In an otherwise quiet week of trading on the over-the-counter market, 631,040 shares of Southern Arizona Mining and Smelting changed hands. Reacting to news of an option agreement between Southern and…
People (April 09, 1990)
ASARCO INC. — William Borzick will head a newly created internal consulting group, based in Salt Lake City, Utah; Curtis Bates appointed plant manager of the Texas plant; Vincent Wildman appointed ma…
Gold funds as of Apr. 3 (April 09, 1990)
MVP BGR Central Capital Net value $11.58% %$5.82% $0.40% Price $10.50% %$6.125 $0.25% Discount 9.33% %5.2%5 37.5% Value $68,946,265 $103,048,838 N/A…
Inco to spend $4.6 m at old Cochenour bet
Plans for a $4.6-million underground exploration program at the Cochenour-Willans gold mine property near Red Lake, Ont., were finally revealed by Inco Gold recently. Inco Gold, a unit of Inco (TSE), …
Uranerz to continue work on kimberlites
Exploration on a kimberlite deposit in the Fort a la Corne region of Saskatchewan will begin in a few weeks. Several holes will be drilled on the most prospective of the seven diamond-bearing kimberli…
Lixor drilling Courville bet
Encouraging results have been reported by Lixor (ME) from its gold project in Courville Twp., 25 miles northeast of Val d’Or, Que. Lixor is earning a 50% interest in the property from Billiton Resourc…