Westmin returns to mining
Many oil and gas companies have their roots in the mining industry including Westmin Resources (TSE) and ill- fated Dome Petroleum; but few of them ever revert back to mining as their principal busine…
Articles by Northern Miner Staff
Construction under way at Cliff asbestos plant
Toronto-based Cliff Resources (TSE) is planning to take advantage of a 40% increase in fibre prices by spending $16 million to build a chrysotile asbestos plant at Baie Verte in Newfoundland. Schedule…
Earnings Report (February 27, 1989)
Cyprus Minerals (NYSE) reports net earnings of $170 million(US) or $6.31 per share for 1988 compared to $26.2 million or $1.02 in 1987. Fourth quarter earnings were $65.4 million or $2.42 per share co…
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% …
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…