Articles by Northern Miner Staff

Capital costs at the Namew Lake mine in northern Manitoba, totalling $70 million, were shared 40% by Outokompu Mines and 60% by Hudson Bay Mining & Smelting, not 100% by Outokompu as was stated in (N….

A lawsuit by Scintilore Explorations (TSE) seeking ownership of the David Bell gold mine at Hemlo in northern Ontario has been dismissed. Supreme Court of Ontario Justice Robert Montgomery ruled Scint…

Quattro Res — min 600,000 offered @ 35 cents per sh. Abstract Enter — gross proceeds rec $150,000. Golden Kristy Res — 500,000 sold for gross $200,000. Megastar Ventures — min 350,000 offered @ 35…

A merger is planned between Pegasus Gold Inc. (TSE) and an affiliated company, Denver-based USMX Inc. (NASDAQ). Under the proposed merger arrangement, Pegasus will acquire the remaining 65% of USMX it…

The handwriting is on the wall for mining and timber companies in northern Ontario. Mr Bradley with glee announced that there would be no hunting, trapping, logging or prospecting in 53 new provincial…

A drill program has been started on the Davidson Tisdale gold property near Timmins, Ont., by Midas Minerals (TSE). The 2,500-m program will test for mineralization between the 200-m and 400-m levels …

Midland Energy Corp. (VSE) plans to raise $3.5 million within the next few months through a rights offering that could see its parent company’s ownership increase to more than 70% from the current 56%…

Golden Myra Resources (TSE) has acquired a nickel prospect in the Lac Bellemare area north of Chicoutimi, Que. The 20-claim property is near the nickel discovery made on a property controlled by Terre…

Vancouver- based International Mahogany Corp. (TSE) has filed notice with the U.S. Securities and Exchange Commission disclosing it has acquired a greater than 5% interest in Quartz Mountain Gold Corp…

ALUMINUM: MW U.S. Market $1.06-$1.09 per lb. (Jan 19, 1989). ANTIMONY: New York dealer $1.00 cents -$1.03 per lb. (Jan 19, 1989). BISMUTH: New York dealer $6.65-$6.75 per lb. (Jan 5, 1989). CADMIUM: N…

Trading activity here remained upbeat and at a relatively even keel despite gold’s dip below $400 and some further profit-taking. Even the latest insider trading scandal failed to have any impact, wit…

The New Year’s rally continued unabated as 30 million shares exchanged hands today moving the composite index up 23.94 pts. Today’s close of 3640.58 pts represents a 72-pt increase over our review wee…