Barrick chairman sees gold price rising
American Barrick Resources (TSE) expects to produce 565,000 oz. of gold in 1990 at an average cost of US$220-222 per oz., says President and Chief Operating Officer Robert Smith. While Barrick was for…
Articles by Northern Miner Staff
OSC seeks power to regulate professionals
The Ontario Securities Commission has recently proposed a series of far-reaching amendments to the Securities Act that would broaden its investigation and enforcement powers to include mining engineer…
Jascan option deal
Jascan Resources (TSE) has optioned its Dawson property in Colorado to Uranerz, a West German mining company. Under the terms of their option agreement, Uranerz can earn a 75% interest in Jascan’s Daw…
Vancouver Stock Exchange Trading activity comes to life
With gold prices moving in the right direction and companies announcing drilling budgets for the coming season, trading activity on the Vancouver Stock Exchange is beginning to show signs of life. At …
Minnova ups stake
Minnova (TSE) has acquired another one million shares of Laramide Resources (VSE) which increases Minnova’s stake in the company to 37.2%. The shares were issued to Minnova after the company spent $1 …
Minnova in red after Donalda writeoff
A net loss for 1989 of $6.9 million (48 cents per share) was reported by Minnova (TSE), compared with a net gain of $921,000 (7 cents per share) for the previous year. The company recorded a net loss …
Bronfman’s Claridge wing ups Greenstone interest
The Montreal Bronfman group appears to have offered Greenstone Resources (TSE) a vote of confidence by increasing its stake in the Toronto-based exploration company to 28.3%. A recent issue of the Ont…
Dumagami merger a boost Agnico earnings on the rise
Anyone pondering a takeover of Agnico-Eagle Mines, as recent trading in its shares might suggest, could find the going rough. The past week alone saw more than three million shares change hands on the…
Peat Resources conducting tests at Ontario Hydro
In its bid to capitalize on the vast peat lands of northern Ontario, a little-known company called Peat Resources (COATS) is conducting a series of burning tests through the research division of Ontar…
People (February 12, 1990)
PEGASUS GOLD — James Redpath appointed a director succeeding James Foreman. Stanton Bennett, vice-president and secretary, has retired. Lyle Beaudoin will assume the responsibilities of general couns…
Letters to the Editor Miner’s library should stay open
I regret to learn of the decision by The Northern Miner to close its library to the public which was recently announced in your paper. The library is an extremely important source of information to th…
Editorial Good pay in mining
Productivity improvements in the mining industry over the past decade has proven to be a mixed blessing for its workers. According to a report from Statistics Canada, mine workers were among the highe…