Lindsley hosts large reserve
Initial estimates of mineable reserves at Falconbridge Ltd’s (TSE) deep Lindsley deposit near Sudbury, Ont., place the tonnage at about seven million tonnes grading 1.6% nickel and 1.5% copper, along …
Articles by Northern Miner Staff
East West to process Restigouche ore
Marshall Minerals Corp. (ASE) has entered into an agreement with East West Caribou Mining in connection with the processing of the ore outlined on Marshall’s Restigouche property and sale of the resul…
Safest mines honored
The Mines Accident Prevention Association of Ontario has made its 1988 awards to the province’s safest mines. Falconbridge Ltd.’s Sudbury operation won for the safest underground mine employing more t…
Gold funds as of July 25
MPV BGR Central Capital Net value $11.96 $ 6.01 $0.57 Price $10.125 $ 5.62 $0.33 Discount 15.34% 6.4% 42% Value $71,186,209 $101,248,732 N/A…
Market downturn taking toll on Yukon exploration Special to The
This time last summer, helicopters were buzzing geologists in and out of a myriad of isolated mining exploration camps. It was a regular boom. Now, many of those camps are empty and fewer people are w…
Mine rescue champs photo
The team from Afton Operating Corp. won the recent provincial mine rescue competition in Prince George, B.C. The winners are: (back row l to r) Doug Birkenhead, Brian Hurren, Mike Logan, Arne Von Mayd…
Taywin drill program yields good results
A drill program at Taywin Resources’ (VSE) Merry Widow property south of Port McNeill on Vancouver Island has returned some interesting gold values. Indeed, the gold discovery is one of the more excit…
U.S. Gold Corp. wins control of Atlanta Gold
In a dispute taken to the Supreme Court of British Columbia, U.S. Gold Corp. (NASDAQ) has emerged with a ruling allowing it to effect a change in control of Atlanta Gold Corp. (TSE). The company succe…
Premier Gold mill at design capacity
Project operator Westmin Resources (TSE) has reached the design capacity of 2,000 tonnes per day at the Premier Gold mine near Stewart, B.C. The new open pit gold-silver mine is owned 50.1% by Westmin…
Canadian gold mines keeping costs down
In terms of cash operating costs per oz, many Canadian gold mining companies still rank among the lowest cost producers in the non- communist world. According to Consolidated Goldfields’ Gold 1989 pub…
Homestake’s gold output up by 27%
Second-quarter earnings for Homestake Mining Co. (NYSE) increased 9% to $20.9 million (or 22 cents a share) from $19.2 million (or 19 cents a share) in the same period last year. The gain reflects a…
Alberta Stock Exchange New Texmont rises
Results from the Tully Twp. gold property near Timmins, Ont., drove up the prices of at least three of the Alberta companies who are participating in the project. However, even though project operator…