Articles by Northern Miner Staff

MSV seeks funds to bring Eastmain into production

The push is on to raise the $40 million needed to bring the Eastmain gold project in northern Quebec into production, MSV Resources (ME) reports. President Mario Caron says the directors of MSV have a…


Muscocho, partners boost Jerome reserves

Reserves at the Jerome property north of Sudbury, Ont., have been increased to 600,000 tons averaging 0.2 oz gold per ton. The joint venture partners exploring the old Jerome Gold mine property report…


Flanagan, Echo Bay deal

Flanagan McAdam Resources (TSE) has entered into a private placement agreement with Echo Bay Mines (TSE) whereby Echo Bay will purchase 1.6 million Flanagan shares at a price of $2.50 per share. The $…


Former Wharf directors take home $1.3 million

Although Wharf Res. (TSE) almost doubled its net income in 1988, the company had to make substantial payments to some of its former officers. Wharf, which came under the control of Dickenson Mines (TS…



Dickenson unaffected by take over

The takeover of Dickenson Mines (TSE) by Goldcorp Investments Ltd. of Toronto seems to have barely interrupted the operations of the gold producer. “It’s business as usual,” President John Kachmar tol…


Geddes to spend $10M

Toronto-based Geddes Resources (TSE) plans to spend $10.8 million this year on its Windy Craggy copper-cobalt-gold prospect in northwestern British Columbia. The aptly named Windy Craggy property is l…



TURNAROUND Renabie

The Renabie gold mine, in north-central Ontario, was dogged by financial troubles practically from its inception in the late 1940s. The federal government’s Emergency Gold Mining Act saw it through pe…


Restigouche may be next base metal mine in N.B.

New Brunswick’s fourth base metal producer could go into production this fall if negotiations involving Marshall Minerals (ASE) and East West Caribou Mining are successful. Toronto-based Marshall has …


FINANCING (May 01, 1989)

ONTARIO Chieftain Int’l — final rec iss offer 8,250,000 @ $13.50(US) to net $107,476,875(US). VANCOUVER Bunker Hill Mng — opt exerc on 700,000 @ $3 per sh. Jacqueline Gold Corp — opt exerc on 100,0…


DETOUR LAKE

When we last visited the Detour Lake operation, 209 km northeast of Timmins, Ont., miners were just beginning to pull up gold from underground following a brief but troubled open-pit phase. Today, one…


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