Gold funds as of Feb. 21
BGR Goldcorp Central MVP Capital Net value $11.89% 8.65 6.45% 0.81% Price $9.125% 5.750 5.50% 0.65% Discount $ 23.25% 33.5% 14.7% …
Articles by Northern Miner Staff
Healthy Hemlo Gold output hindered by lower head grade
Output was down from the previous year but Hemlo Gold Mines (TSE) managed to turn out 336,668 oz gold in 1988 from its Golden Giant mine at Hemlo in northern Ontario. The company, 50.1% owned by Noran…
United Lincoln tests depth, gold potential at Mt. Milligan
Assay results were released for four recent holes drilled on the Mt. Milligan gold/ copper project near MacKenzie, B.C. United Lincoln Resources (VSE) is operator and owns 70% while partner BP Resourc…
Golden Range troubles
Golden Range Resources (TSE) has requested the Toronto Stock Exchange to suspend trading in the company’s shares. Golden Range is suffering from financial problems and has been unable to file audited …
Northgate/Westfield sell 15% Whim Creek interest
Toronto-based affiliates Northgate Exploration (TSE) and Westfield Minerals (TSE) have agreed to sell their combined 15% stake in Whim Creek Consolidated of Australia for $39 million(A). Australian mi…
Franco-Nevada to diversify after arranging gold loan
In an unusual move for a royalty company, Franco-Nevada Mining (TSE) has announced a 25,000-oz gold loan. Through its wholly-owned U.S. subsidiary, Franco-Nevada has negotiated the 5-year gold loan wi…
High grade shoots found at United bet
United Gold Corp. (VSE), which recently became part of the Northgate Exploration (TSE) group, is carrying out additional exploration at its Clio gold property in California. The Clio property is situa…
CIM/PDAC joint luncheon
W. A. Gatenby will be the guest speaker at the joint meeting of the CIM-Toronto Branch and the Prospectors and Developers Association of Canada. Fifty tickets have been reserved for CIM members who ha…
Northquest program
A diamond drilling program is being conducted by partners Northquest Ventures (ASE) and Young- Shannon Gold Mines (COATS) on their Chester Twp., Ont., gold property. The work is testing an area near a…
Pacific Minesearch completes program on Michaud project
After completing an 8-hole, 5,250-ft diamond drill program on the Michaud project near Matheson, Ont., Pacific Minesearch (VSE) intends to continue work on the Ontario gold project in 1989. The compan…
Province to study industrial minerals industry
A ministerial review committee will study ways to stimulate production and export of Ontario’s industrial minerals, mines minister Sean Conway announced recently. Mike Brown, MPP for Algoma- Manitouli…
Denison shifts emphasis back to uranium mining
Denison Mines (TSE) is casting a bullish vote for uranium — the mineral upon which the diversified mining and energy company was built. In a major redirection, Dension plans to sell its large oil and…