Articles by Northern Miner Staff

It’s been a quiet week on the Toronto market. Gold managed to gain a couple of dollars today pushing the Gold Index up 60 points, but the overall drift has been sideways. With interest rates going up,…

Five Saint John, N.B., companies which share management personnel and are part of the Irving group all report improved earnings for 1987. Key Anacon Mines (TSE), with more than 500,000 shares in Bruns…

The management teams of gold- producer Louvem Mines and St. Genevieve Resources appear to have reconciled their differences, following a bid by the latter to acquire up to 4.8 million additional commo…

A new World Mining Map of Non- ferrous Metals which is claimed for the first time to include centrally- planned-economy countries, is now available from a West German publisher. The map package, which…

“First get it through your head that computers are big, expensive, fast, dumb adding-machine-typewriters. Then realize that most of the computer technicians that you’re likely to meet or hire are comp…

Sinking of a 1,500-ft shaft on the Tundra gold deposit in the Northwest Territories is expected to be complete by the end of 1988 says a spokesman for Getty Resources (TSE). The shaft was collared ear…

Ingersoll-Rand has introduced a new self-contained pneumatic drill for holes 2 1/2 to 4 inches in diameter. The ecm-360 Crawlair cents features an on-board 580-cu-ft-per-min, 120-lb- per-sq-inch air …

The big Gaspe copper mine of Noranda Inc. at Murdochville, Que., which was closed following a disastrous fire April 1, 1987, in which 56 underground miners miraculously escaped, is to be reopened. The…

After 35,000 ft of exploratory drilling and an expenditure of close to $1.5 million (via flow-through financing) in the search for copper-nickel deposits in the Lac Simard area of northwestern Quebec,…

Vancouver-based City Resources (VSE) said recently that a previously announced modification of the exercise price of the company’s common share purchase warrants became effective April 19. The exercis…

Quebec-based Cambior Inc. (TSE), which produced about 142,000 oz gold during 1987, is projecting an output of 200,000 oz for this year and 1989, and more than 250,000 oz for 1990. Cambior, with a 50% …

A bid to buy up to 4.8 million shares of Louvem Mines (TSE) at $1.50 per share has been suspended indefinitely by St. Genevieve Resources (ME). St. Genevieve, which owns about 56.5% of the common shar…