Cusac wins $2.7 Million judgment
The Supreme Court of British Columbia awarded judgment in favor of Cusac Industries (TSE) in an amount totalling $2.6 million as a result of a contractual dispute with Total Erickson, now known as Tot…
Articles by Northern Miner Staff
NRC contributes $2 m. for boring machines
The National Research Council is contributing $1.97 million to the development of two continuous tunnel boring machines which could be used in hardrock mines. The announcement was made by Minister of …
News in Brief (December 19, 1988)
Unicorn Resources has changed its name to Pacific Unicorn Resources (PUC:VSE) on a 1-new-for-5-old share basis.
Northgate ups stake in Audrey Resources
Toronto-based Northgate Exploration (TSE) has increased its stake in Audrey Resources (TSE) from 20% to 28% by acquiring a block of 850,000 common shares from NIM and Co. Ltd. and CMP Resources Partne…
Earnings Reports (December 19, 1988)
Bachelor Lake Gold Mines (TSE) of Toronto reports a loss for the 9-month period ended Sept 30 of $634,786 or 8 per share compared to $6.57 million or 90 per share for the year earlier period. Mine c…
Bull Run problems
Bull Run Gold Mines (NASDAQ) is anticipating a significant cash flow deficit in 1989 due to operating problems and a cost over-run at the Big Springs gold mine operated by Freeport-McMoran Gold Co. Pr…
J.A.G. pondering on-site test mill
Encouraging results have been received by J.A.G. Mines (ME) from underground sampling of the Aubelle vein at the Belleterre property in northwestern Quebec. Average grade of the assays of 10 bulk samp…
1990 annual meeting
A call for papers has been issued for the 1990 Society of Mining Engineers first Annual Meeting, Feb 26-March 1, in Salt Lake City, Utah. The deadline for receipt of preliminary abstracts is Feb 1, 19…
Exploration chief sought by LAC
Gold producer LAC Minerals (TSE) is looking for a new vice- president exploration. Robert Valliant, appointed to the position in the spring of this year, has left the firm. Valliant, who had been with…
Books in Review Nevada Mines’ report
Nevada Mines and Geology Special Publication MI-1987, “The Nevada Mineral Industry — 1987,” is now available. This publication is ninth in a series of annual reports that summarize mining, oil and ge…
Chevron, Manville become joint owners of Stillwater mine
The Stillwater platinum- palladium mine in Montana now has two owners. The board of directors of Manville Sales Corp. has approved a deal whereby Manville and Chevron Resources will purchase the one-t…
Pegasus plans shareholder protection
The novel shareholder protection rights program adopted by Pegasus Gold Corp. (TSE) is designed to prevent “creeping takeovers and other coercive acquisition tactics,” the company says. The plan has b…