News in Brief (December 04, 1989)
Hisway Mining Corp. has merged with Hisway Resources Corp. (HIS:VSE) under the latter name. Hisway Mining shareholders receive one new share for two old shares; Hisway Resources shareholders receive o…
Articles by Northern Miner Staff
Mitsubishi plans Texas copper smelter
A new smelter featuring continuous copper processing technology is being planned for Texas by Mitsubishi Metal. The smelter, with the capacity to produce 200,000 tonnes per year, is on the drawing boa…
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…
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…
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 …
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…
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 …
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…
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…
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…
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…
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…