Articles by Northern Miner Staff

Calgary-based Borealis Exploration continues to thwart the short sellers whom President Rodney Cox blamed earlier this year for a rapid drop in the company’s share price. Borealis posted a whopping $3…

Grants worth $500,000 to seven Ontario universities have been announced by the provincial Ministry of Northern Development and Mines. The money will fund projects studying ways to improve mineral expl…

Although he started out as a mine geologist, operating soon intrigued Ebe Scherkus 0000,0600 who now manages the big new Donald J. Laronde gold mine of Dumagami Mines at Cadillac, Que. “I’ve been fo…

The Kerr mine in Virginiatown, Ont., has been closed and the owner, Golden Shield Resources (TSE), has filed for bankruptcy. The company, which purchased the Kerr Addison mine in 1987 for $38 million,…

Nerco Inc. (NYSE) has completed the purchase of a 19% interest in Black Swan Gold Mines (VSE). The private placement, which was done through a subsidiary, Nerco Minerals Canada, involved the purchase …

Toronto-based Northgate Exploration (TSE) has been so impressed with an exploration and development program at Audrey Resources’ (TSE) Mobrun mine near Rouyn-Noranda, Que., that it wants to increase i…

Standing astride the outcrop that revealed the new gold showing on the western extension of the Mishibishu gold belt are: (left to right) John Harvey, president of Hemlo Gold Mines and Noranda Explora…

More than $280,000 was raised for the Vancouver Children’s Hospital recently by the British Columbia mining community. Entitled “Mining for Miracles,” the campaign involved the efforts of mining compa…

ALUMINUM: MW U.S. Market 87.50 cents – 90.00 cents per lb. (June 15, 1989). ANTIMONY: New York dealer 98 cents -$1.00(US) per lb. (June 22, 1989). BISMUTH: New York dealer $6.00-$6.10(US) per lb. (Jun…

Metal prices continue to fall, dragging Scotiabank’s monthly all- commodity price index with them. The index was down by 1.1% in May compared with April. Bank economist Patricia Mohr says the decline …

A potential new gold zone at the Cape Ray gold property in southwestern Newfoundland has been announced by Dolphin Explorations (TSE). The new quartz vein discovery occurs on the northeast shore of Bi…

Marshall Minerals (ASE) reports it has raised an additional $3.15 million by means of a private placement to a European institutional investor of 1.5 million common shares at $2.10 per share. A portio…