Editorial Shoddy sales tax scheme
You have to wonder about Michael Wilson and his proposed Goods and Services Tax. It seemed like an idea whose time had come. The existing retail sales tax was long overdue for an overhaul and, in ge…
Articles by Northern Miner Staff
Trader’s battle with Elder appears far from settled
A visitor to Trader Resource Corp.’s (TSE) recent annual meeting in Toronto could have been forgiven for thinking he had stumbled upon a gathering of the local law society. Lawyers almost outnumbered …
Ramp nears target at Eagle River bet
An underground ramp into the main gold zone on Central Crude (TSE) and Hemlo Gold’s (TSE) Eagle River joint venture property near Wawa, Ont., will reach its objective this month. The 1,750-ft decline …
IOCC GOLD OPTIONS (August 21, 1989)
Options Open SeriesVolumeLastInterest Aug 360 C 278 6.00 178 Nov 360 C 11417.002,097 Nov 370 C 8111.001,255 Nov 380 C 778 8.002,388 Nov 390 C 149 5.002,155 Nov 400 C 218 2.502,228 Nov 440 C …
Skyline working hard Johnny Mountain turnaround
On a plateau atop this glacier- capped mountain in the Iskut River gold camp, Skyline Gold Corp. (TSE) is waging a multi-front campaign to turn its Johnny Mountain gold mine into a profitable operatio…
Three drills probe McNickel prospect
Although no assay results are yet available, McNickel Inc. (COATS) has completed drilling more than 30 holes on its copper-nickel property situated north of Lac St. Jean, Que. President John McAdam sa…
Stroud seeking new acquisitions
The current weak market for precious metals isn’t preventing Stroud Resources (TSE) from continuing to build reserves on two of its key gold properties in northern Ontario. At the recent annual meetin…
Strikes disrupt Peru’s copper production
Copper production has been disrupted in Peru by a strike by that country’s 70,000 miners and the price for copper on New York’s commodities exchange surged as a result. Peru was forecast to produce 34…
Westfield options Dynasty gold bet
Toronto-based Westfield Minerals (TSE) and Northern Dynasty Exploration (TSE) have signed an agreement allowing Westfield to earn a 50% stake in an 86-claim gold property 20 miles north of Savant Lake…
Dynatec, Northfield sign private deal
An agreement in principle has been signed between Dynatec International and Northfield Minerals (ASE) which will see Dynatec purchase 5.3 million Northfield shares at 45 cents per share. Total procee…
COATS (Over-the-counter) McNickel lower
The shares of McNickel Inc. slipped lower by 10 cents this week, closing at $2.90 on a heavy volume of nearly 400,000 shares. President John McAdam reports drilling on the company’s Lac St. Jean, Que….
Equity Silver earnings up 125%
Higher sales volumes of precious metals helped bring about a 125% increase in earnings for Equity Silver Mines (TSE) in the first half of 1989. The Placer Dome (TSE) subsidiary reported earnings for c…