Westmin slaps lien on partners at Premier Gold
The new Premier Gold mine near Stewart, B.C., is producing more problems than gold for operator Westmin Resources (TSE) and joint venture partners, Pioneer Metals (TSE) and Canacord Resources (TSE). A…
Articles by Northern Miner Staff
Higher Asarco copper sales
Higher sales attributed to strong copper and zinc prices last year boosted the annual earnings of Asarco (NYSE) in 1989 to US$231.16 million or $5.50 per share, compared with $207.24 million, or $4.92…
U.S. Report Boom in Nevada spreads to neighboring states
Mineral deposits have no respect for state boundaries. That explains why Nevada’s mining boom has spilled over into almost every western state. Precious metals are still the big attraction in neighbor…
COATS (over-the-counter) Hucamp up 30cents
Shares of Hucamp Mines posted a gain of 30cents to close at 40cents for the week ended Feb. 20, after being dormant at the 10-15cents range in recent months. The company holds ground adjacent to Noran…
Adrian agreement is terminated
A new development is threatening Adrian Resources’ (VSE) tenuous hold of key ground in the Eskay Creek area north of Stewart, B.C. The company was recently advised that its agreement to earn a 50% int…
Access to lands vital to industry’s future
This is the first of a regular monthly column from the British Columbia and Yukon Chamber of Mines The 1990s present a number of challenges for the mineral exploration industry in British Columbia and…
Echo Bay earnings hurt by Muscocho write-down
Reduced annual earnings were reported recently by Echo Bay Mines (TSE) reflecting the impact of lower gold prices and a US$20- million writedown on the company’s investment in Muscocho Explorations (T…
Golden Shield creditors approve GSR proposal
Creditors of bankrupt Golden Shield Resources have approved unanimously a proposal submitted to the bankruptcy trustee whereby the assets of Golden Shield will be purchased by GSR Mining Corp. The pri…
Bodega’s Hyder plans funded by placement
Washington-based company Bodega Ventures (ASE) said it recently completed a private placement subscription with Central Capital for one million Bodega shares at 25cents per share. Central Capital also…
Garnett named MILUS chairman
The new chairman of MILUS, or Mining Industry Land Use Strategy, is J.A. (Jack) Garnett. MILUS is a collective initiative of the Mining Association of Canada, the Prospectors and Developers Associatio…
Kettle River a jewel for Echo Bay, Crown
The Kettle River project is the newest operating mine in Washington State, and owners Echo Bay Mines (TSE) and Crown Resources (VSE) appear to be pleased at how smoothly the operation came on stream. …
Kingswood pulls good values on Devon bet
Toronto-based Kingswood Resources (ASE) has reported encouraging gold values from two recently completed holes on the Devon property in Beatty Twp., east of Matheson, Ont. Kingswood is earning a 70% i…