World potash market on recovery curve
Consumption of potash will continue to increase at about 2% per year until at least the end of the century, Roskill of London predicts. The research company says world production of potash in 1988 hit…
Articles by Northern Miner Staff
Cheni bottom line improves
New producer Cheni Gold Mines (TSE) reported earnings of $1.76 million or 16 cents per common share after an extraordinary item for its third quarter ended Sept 30. Cumulative earnings for the seven …
Betts Cove results encourage Bitech in Newfoundland
Preliminary assay results from recent drilling on Bitech Corp.’s (ASE) Betts Cove property in northern Newfoundland have encouraged the company. The property is about two kilometres south of Bitech’s …
Atlas Copco awards $2,500 scholarship
In 1982, Atlas Copco Canada established at Haileybury School of Mines an annual scholarship of $500 for a student in the school’s mine maintenance program. In 1989, the value of this scholarship was i…
FirstMiss quarterly profits slip
First-quarter earnings for FirstMiss Gold Inc. (NASDAQ) fell to $621,000(US) or 3 cents per share for the period ended Sept 30, compared with earnings of $771,000 for the same period in 1988. The com…
Preview blossoms into notable gold deposit in just one year
A feasibility study on the Bakos gold deposit near La Ronge, Sask., could lead to a production decision by mid-1990, Cameco says. Cameco, Uranerz Exploration and Mining and Windarra Minerals (TSE) own…
Charlim financing
A private placement of 3.3 million flow-through shares by Charlim Explorations (VSE) will allow the company to fund exploration on mineral prospects in Ontario and Quebec. The placement was completed …
People (November 13, 1989)
PIONEER METALS — The new board of directors consists of Stephen Sorenson, chairman; Dr Stewart Blusson, vice-president, exploration; and Wayne Smith.
Esperanza revises Tillicum reserves
This season’s drilling by Esperanza Explorations (VSE) on its 100%-owned Tillicum Mountain property near Nelson, B.C., has resulted in a revision of reserves. The East Ridge zone is now reported to co…
Westfield’s sale of Chilean mine draws criticism
Some minority shareholders of Westfield Minerals (TSE) are unhappy with a recent transaction in which all of the company’s mining assets were transferred to a wholly owned Northgate Exploration (TSE) …
Hope Brook loss
The Hope Brook gold mine in Newfoundland continues to operate at a loss, owner Hope Brook Gold (TSE) says. For the third quarter ended Sept 30, Hope Brook lost $3.9 million or 13 cents per share. Alt…
Exchanges limit super-voting’ shares
Canadian stock exchanges have adopted measures designed to limit the sprea of multi-vote shares, which are often used by company insiders to sell shares without losing control of the company. Starting…