Hillsborough earnings
Hillsborough Resources (TSE) earned $1.4 million or 30 cents per share in 1988, compared to a profit of $1 million or 23 cents per share in 1987. Revenue of $34.1 million was up 2% from $27.9 million…
Articles by Northern Miner Staff
CEIP regulations get final approval
The final regulations needed to put the Canadian Exploration Incentive Program into effect have been approved by Ottawa. Information kits on the new program and how the regulations will be interpreted…
Dickenson, Kam-Kotia shares at centre of legal dispute
Two blocks of shares in Dickenson Mines (TSE) and Kam-Kotia Mines (TSE), the companies involved in a takeover bid by Corona Corp., have become the centre of a legal dispute. The shares in question — …
Noble Peak, BHP-Utah reach agreement
Agreement-in-principle has been reached between BHP-Utah International and Noble Peak Resources (ASE) whereby the latter will purchase all of the remaining rights and interests of BHP-Utah in the Cryp…
Queen’s University to administer mining research organization of
The Mining Research Organization of Canada (MIROC) and Queen’s University have entered into an agreement whereby, effective immediately, the administration of MIROC will be performed by the department…
TerraGold to explore Newfoundland claims
Following the completion of a preliminary prospectus, a new company called TerraGold Resources is gearing up to explore five mineral properties in Newfoundland and another in New Brunswick. TerraGold,…
Umex ponders its options
With nickel and copper prices continuing strong, Umex Inc. has been quietly re-examining the potential of its shutdown Thierry mine at Pickle Lake, Ont. Umex closed the low grade copper-nickel produce…
Goldquest-Chevron deal
Toronto-based junior Goldquest Exploration (TSE) has signed a letter of intent with Chevron Minerals whereby the latter may earn a 50% interest in certain properties belonging to Goldquest in the Red …
Sparton vends out Lac St. Jean bet
Vancouver-based Yellow Band Resources (VSE) has expanded its interests in the Dolbeau area of Quebec to include a group of 31 claims held by Sparton Resources (TSE). Located about two miles north east…
Towns grow from mines
The development of the Hemlo gold deposits is an often- cited example of the impact of mine development on nearby communities. The population of Marathon has grown to 5,200 from 3,050 and Manitouwad…
Activity to stay hiogh despite uncertainty
Uncertainty is probably the best word to describe the mood as exploration companies enter what is traditionally the most active season of the year. Everyone in the industry has had it pretty good for …
Cyprus adopts protection plan
Cyprus Minerals Company has adopted a complex rights program which its chairman, John Duncan, claims will provide “additional protection against abusive takeover tactics, such as partial tender offers…