Placer Dome gold sales up 42%
Excluding non-recurring gains, Placer Dome (TSE) reported consolidated net earnings of $90.3 million or 38 cents per share on revenues of $711.6 million for the first nine months of 1989. This compar…
Articles by Northern Miner Staff
Neptune, ABM merger plan gets go ahead from court
Ontario Supreme Court recently approved the proposed merger of Neptune Resources (TSE) with three other companies into a single entity controlled by Toronto-based ABM Gold (AMEX). The decision came ju…
Corona, Rayrock combine to buy U.S. Gold’s 29% stake in Dee mine
Two partners in the Dee gold mine in Nevada, Corona Corp. (TSE) and Rayrock Yellowknife Resources (TSE), have increased their interests in the project. The companies jointly purchased the 29.33% inter…
Noranda, Freewest deal done
A private placement of Freewest Resources (ME) shares with Noranda Ltd. (TSE) has closed. Noranda bought 325,000 Freewest shares at $3.50 per share. The proceeds of $1.13 million will be used by Freew…
Noranda reports further results from Glimmer bet
Noranda Inc. (TSE) has released additional results from its Beatty and Hislop twps. gold property near Matheson, Ont., held in joint venture with Glimmer Resources (VSE). Results from five holes are l…
Giant Yellowknife lowers its costs
Improved third-quarter performance of the conventional operations at Timmins, Ont., and Yellowknife, N.W.T., helped Giant Yellowknife Mines (TSE) on the balance sheet. The company reports reduced mine…
Writedowns produce red ink for Granges
Property writedowns led to a 1989 third-quarter net loss of $7.86 million or 23 cents per share for Granges Inc. (TSE), compared with a net loss of $1.17 million or 5 cents per share for the third q…
Maufort names new president
Junior Maufort Resources (ME) has a new president following the recent resignation of the company’s board of directors. Paul Billette has replaced Maurice Fortin in the president’s chair. A couple of …
Little gold, Plenty goes
Plenty River Mining, an Australian company, has terminated its option to earn a 50% interest in the Kramer Hills gold deposit from Beaver Resources (TSE). Situated in California, Kramer Hill hosts res…
Positive feasibility study for Mazarin graphite play
A positive feasibility study has been received by Societe d’Exploration Miniere Mazarin (ME) for its Lac Knife graphite project near Fermont, Que., and the Labrador border. The project, to operate at …
Inco in Botswana
Inco Ltd. (TSE) has signed a joint venture agreement with Molopo Australia to explore Molopo’s platinum concessions in Botswana, Africa. Under the terms of the deal, Inco will fund the first year’s ex…
Zinc prices boost Pine Point earnings (December 04, 1989)
Northern lead-zinc producer Pine Point Mines (TSE) reported earnings of $74.3 million or $16.02 per share for the nine months ended Sept 30. This compares to $43.9 million or $9.47 per share in the pr…