Editorial Strengths can easily be overlooked
Adversity, they say, builds character. In the case of the mining industry, decades, even centuries, of struggling against the odds to make mines and make them pay has created an industry that enjoys a…
Articles by Northern Miner Staff
Letter to the Editor Corona confusion (February 06, 1989)
I would like to point out an error in your newspaper which is causing grief and anxiety to Corona Corporation and its shareholders and general confusion in the marketplace. In your dividends section (…
Correction (February 06, 1989)
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….
Judge dismisses Scintilore suit
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…
VANCOUVER
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…
Pegasus/USMX plan merger
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…
Letter to the Editor Provincial parks ban (February 06, 1989)
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…
Midas begins drilling
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 plans to raise $3.5 million
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 gets nickel play
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…
Internat’l Mahogany acquires interest in Quartz Mountain
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…
Metal Prices PRODUCER PRICES (February 06, 1989)
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…