Montreal Exchange Cambior withdraws bid
The takeover bid by Cambior Inc. for Nova-Cogesco Resources is off, says the former. The major Quebec gold producer, having upped its price from $1.50 per share of Nova Cogesco to $1.80, now says beca…
Articles by Northern Miner Staff
FMC Gold posts 23% profit gain
Increased production volume and lower costs brightened the profit picture for major North American gold miner FMC Gold Company (NYSE) in 1988. The company reports its net income rose 23% last year to …
Sun River eyeing production from Arizona mine (February 06, 1989)
Based on a recent positive pre- feasibility study, Sun River Gold Corp. (VSE) is projecting a production rate of 400 tons per day for its United Western Mine gold deposit located near Oatman, Ariz. Th…
PGW compiling magnetic map of African continent
By 1991 exploration geologists will have access to high-definition color maps showing the regional geological features of the continent of Africa. Toronto-based geophysical consultants Paterson, Grant…
COATS Trading Features (February 06, 1989)
Asquith Resources was steady at 60 cents this week. The company recently released results, which include visible gold showings, from a zone on its Buckingham Mine property in southern Asquith Twp, Ont…
Stratabound drilling lead-zinc property
Alberta-based junior Stratabound Minerals (ASE) reports initial drill results from its CNE base metals property near Bathurst, N.B. Last fall, the company reported the discovery of high grade lead- zi…
Placer Dome to buy Hilltop property
By the end of March, U.S. Precious Metals (TSE) and Ruskin Developments (VSE) expect to have completed the sale of the Hilltop property in Nevada to a unit of Placer Dome Inc. (TSE) for the sum of $2….
People (February 06, 1989)
VILLENEUVE RESOURCES — Matthew Sumich appointed to the board of directors.
Aur close to full production at Kierens zone gold deposit
Having moved a step closer to full production at its Kierens zone deposit at Val d’Or, Que., Aur Resources (TSE) is taking major strides at two other Quebec properties. Full commercial production is e…
Nickel showing prompts company to become public
A nickel-copper discovery made last year in the Lac St. John area of Quebec has generated substantial investor interest and at least one company plans to go public on the strength of its mineral claim…
Tyranite, Fireweed share priority status: Gunnar
Following a corporate consolidation, Gunnar Gold Mining is again trading on the Alberta Stock Exchange. The company’s recent consolidation was completed on the basis of one new share for every 10 issu…
Malartic option
An option has been acquired by Malartic Hygrade Gold Mines (VSE) which gives the company the right to earn a 60% interest in a gold property near Val d’Or, Que. The 425-acre property is owned by Black…