Reading the annual report – an investor’s guide
What is past is prologue. -William Shakespeare Chances are the Bard never had to write an annual report, yet the above aphorism serves as an reasonable explanation as to why this most widely read of …
Articles by Northern Miner Staff
New discoveries needed soon in base metals sector
More favorable times have returned for base-metal mining companies, which are enjoying strong commodity prices, but concern about future supplies of the metals seems to be an issue that won’t go away….
NRD signs agreement for more exploration
An agreement covering further exploration of the Pinto gold property located near Val d’Or, Que., has been signed with American Barrick Resources (TSE), Consolidated NRD Resources (VSE) reports. Barri…
Some 28 juniors active in Nova Soctia exploration
Canada’s ocean playground is tiny — about the size of southern Ontario (55,500 sq km). But with a history of gold production dating back to the turn of the century it has not been overlooked by junio…
Cobalt silver gave birth to Ontario’s mining industry
In 1988, the town of Cobalt, Ont., celebrates its 85th anniversary — 85 years of uninterrupted silver production, yielding half a billion ounces. Agnico-Eagle’s emergence as the dominant force in the…
Granges contemplating merger
Merger talks between Granges Exploration (TSE) and Hycroft Resources & Development (VSE) have been expanded to include Goldbelt Mines (VSE). The proposed merger is subject to fairness opinions from in…
Sigma earnings up, Kiena income slips
Net income of $1.9 million (23 cents per share) on revenue of $10.3 million was repomted by TSE-listed Sigma Mines (Quebec) for the first quarter this year, compared with net income of $1.67 million (…
Newmont Gold’s reserves up 55% to 31 million oz
Just three months after Newmont Gold announced a $404-million program designed to develop its gold deposits on the Carlin trend in Nevada, the expansion policy is beginning to pay off. While reserves …
Cambior earnings up
First-quarter earnings jumped 16.3% compared with the same period in 1987, Cambior Inc. (TSE) reports. Net earnings were $3.6 million (15 cents per share) on revenue of $26.6 million, compared with $…
Royex reports 2nd-quarter income of $1.2 million
Net income of $1.2 million before unusual items and $3.4 million (4 cents per share) after unusual items was reported by Royex Gold Mining (TSE) for the second quarter ending March 31. For the same pe…
Omni leasing Venus mill to process Skukum ore
By leasing the former Venus mill from an affiliate, Omni Resources (VSE) hopes to have its Skukum Creek gold property in production later this summer. The mill was previously leased from United Keno H…
Mascot reports operating profit
The Nickel Plate mine of Mascot Gold Mines (TSE) reported an operating profit of $8.3 million for the quarter ended March 31. During that period, Mascot paid off $10 million of its gold loan, equivale…