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 …
Articles by Northern Miner Staff
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…
Hollinger North tests for lump ore
Bulk-sample testing of three iron ore deposits, aimed at identifying lump ore, was undertaken this past summer by Hollinger North Shore Exploration, a wholly owned subsidiary of La Fosse Platinum (TSE…
Integrated encouraged at Goat
Edmonton-based Integrated Resources (ASE), which is making a takeover bid for Northern Minerals (TSE), recently obtained some encouraging results from exploration at its Goat gold project near Telegra…
FINANCING (November 13, 1989)
ONTARIO Alta Ventures — min 700,000 offered @ 35 cents per sh. Int’l Azora — gross proceeds rec $600,000. Yukon Spirit Mines — gross proceeds rec $275,000. Golden Peaks Res — 250,000 flow-through…
Letters to the Editor Already in place
Your editorial of Oct 9 argues persuasively that tax legislation should be amended to ensure equitable treatment of mine reclamation costs. You may be interested to know that legislation passed in Bri…
Cambior’s prospects
With its new Beliveau gold mine east of Val d’Or, Que., up and running, Cambior is turning its attention to bringing another of its many exploration projects into production. Although its exploration …
Minefinders starts drilling program
Drilling is under way on two exploration projects in Quebec, Minefinders Corp. (VSE) reports. Drilling on two other Quebec properties is scheduled to commence before the end of the year. An $800,000…
LAC’s global ore search focusses on Chilean mine
To find some of LAC Minerals (TSE) recent exploration highlights, you have to look to South America, specifically southern Chile, where the company’s Toqui zinc mine is. When The Northern Miner tried …
Rio Algom weighing buyout of Uranium Resources
Dallas-based Uranium Resources (TSE) recently confirmed that a U.S. subsidiary of Rio Algom (TSE) is a potential buyer for all its outstanding shares. The company’s non-binding letter of intent with R…
Preliminary work encouraging: Rogi
An IP survey on the Lourmet property near Val d’Or, Que., has returned encouraging results, Exploration Rogi (ME) and Aur Resources (TSE) report. Indicated is a strong anomaly coinciding with a volcan…
Pine Channel wraps up sampling program
Preliminary exploration results from a lead-zinc-silver property in Saskatchewan have been reported by Pine Channel Gold (VSE). The company recently completed a program of surface sampling and trenc…