Corona disavows report it will acquire Stikine
Corona Corp. (TSE) disavowed the report — released over the Dow Jones news services — that it is in advanced negotiations to acquire the shares of Stikine Resources (VSE). Stikine recently appointed…
Articles by Northern Miner Staff
LAC buys 65% of Bond Gold, more than doubles gold output
Facing the spectre of being outpaced by an emerging generation of precious metal super producers, Toronto-based LAC Minerals (TSE) has announced it will take control of Bond International Gold (TSE) f…
Aur and Belmoral negotiate financing, milling deals
Gold-producer Belmoral Mines (TSE) and Aur Resources (TSE) have negotiated financing and custom-milling agreements which should help pick up the fortunes of ailing Belmoral. Aur has agreed to lend $4 …
Correction (October 23, 1989)
Contrary to information printed in a story in The Northern Miner last week, Dumont Nickel (ME) has not entered into a share exchange transaction with Sabina Resources (VSE) and Redaurum Red Lake Mines…
During 8 years of operating Pinson pays owners $100m
The Pinson gold mining operation near this small town has been a production and cash flow corner-stone for Rayrock Yellowknife Resources (TSE) since mining began in 1981. Despite its modest size, the …
Editorial The crash that wasn’t
The Toronto Stock Exchange’s main indicator, the TSE 300, dropped 142 points or 3.5 % on Friday the Thirteenth, but to hear brokers and market regulators talk, it was a non-event. The Dow Jones index,…
News in Brief (October 23, 1989)
Ontario Geological Survey, regional geological staff, Ontario geoscience research grant recipients and guest speakers will give presentations at the Ontario mines and minerals symposium Dec 11-13 at t…
Toronto Stock Exchange Volatility and fear take hold of markets
A bout of very scary trading has taken hold of the markets following the Friday the 13th crash which clipped almost 7% from the Dow Jones index in New York. In Toronto, the sell-off was followed by a …
Acquisitor seeking exploration funds
Financing is being sought for exploration of a base-metal deposit on the south part of the Dubuisson property near Val d’Or, Que., and to develop gold-reserve tonnage in the No 5 vein area, Acquisitor…
U of T opens new centre for earth sciences research
The University of Toronto’s new $57-million Earth Sciences Centre, officially opened by Ontario Premier David Peterson Oct 16, will house one of the largest research facilities on the university’s cam…
Hycroft reports record gold production
Operating improvements at the Crofoot-Lewis open pit mining operations in Nevada have boosted quarterly gold production to a record high for Hycroft Resources & Development. Hycroft, a 59%-owned subsi…
Granges to close Tartan Lake
Citing weak gold prices as the primary reason for the decision, Granges Inc. (TSE) announced it will suspend operations at the troubled Tartan Lake gold mine in Manitoba. The company said operating co…