VSE approves cleanup plan
Stung by media criticism over its role in a scam that saw United Services Funds of San Antonio, Tex., defrauded out of millions of dollars, the Vancouver Stock Exchange has approved a “broad action pl…
Articles by Northern Miner Staff
Newmont’s debt reduction strategy, is paying off
New York-based Newmont Mining is still attempting to recover from a $2.2-billion dividend paid out last October to thwart a takeover bid by Texas oilman T. Boone Pickens. Net income for the three mont…
metal Prices FUTURES PRICES
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US} per lb.) Jun 109.00 108.50 108.50 — 3.00 Jul 106.80 102.90 …
Balcor drilling extends depth
Diamond drilling has extended the depth of the North Shoot discovery at Balcor Resources’ (VSE) Lasthope deposit in Manitoba. Hole No 175 returned 11.6 ft of 0.26 oz gold and No 180 yielded 10.7 ft of…
Gold Standard files claim over Mercur
Gold Standard has launched a second lawsuit in its bid to regain control of the Mercur mine in Utah from American Barrick Resources. While Gold Standard already holds a 15% net profits interest in the…
Melrose/Placer-Dome Inc. in Blackstock venture
Toronto-based Melrose Resources (VSE) says exploration is about to begin at the Blackstock Twp. property near Timmins, Ont., where the company is joint venturing with Placer-Dome Inc. (TSE). After spe…
Editorial Rumors no substitute for reality
Sometimes, a good rumor packs a bigger and faster punch than facts do. Just ask anyone who plays the market. They know the rumor mill can be more real than the facts of a situation. Rumor also plays…
Davidson shareholders question non-mining deals
Several non-mining investments made by Davidson Tisdale Mines (TSE) came under shareholder attack at the company’s annual meeting. Despite dissension by a minority group, shareholder approval for the …
Reserves increase atGolden Pond
Reserves have been increased at the Golden Pond project shared by Inco Gold Co. (60%) and Golden Knight Resources (TSE) (40%). Located in the Casa Berardi area of northwestern Quebec, the deposits hos…
Hoisting: Engineers and legislators face off
It’s a very rare event in underground mines. But it couldn’t have happened at a worse time, in terms of public relations, for Placer Dome. As 500 delegates from around the world began checking into th…
B. C. mines are cited for reclamation work
Four British Columbia mining/ exploration companies have been recognized for the quality, innovation and research work that has gone into rehabilitation of mining areas in the province. Three mines ci…
Toronto Stock Exchange Summer rally pushes index near record high
Ground continues to be gained by the stock market which closed just shy of the 3,400-pt mark today. The market rally, which began several weeks ago, has added more than 200 pts to the composite index,…