Articles by Northern Miner Staff

Consolidated TVX reports first ever quarterly profit

Consolidated TVX Mining has reported its first quarterly profit, the Toronto-based company said recently. During the three months ended Sept 30, Brazil’s second largest gold producer reported net earn…


New nickel pricing process proposed

The vice-president marketing and sales for Falconbridge Ltd. has taken issue with nickel pricing as it applies to the London Metal Exchange (lme). “To say the least, Falconbridge is less than enamored…


Inco backs out at Cochrane Hill

After conducting a 5,000-ton bulk sample test on Northumberland Mines’ Cochrane Hill, N.S., gold prospect, Inco Gold has decided to relinquish its option on the property. Inco was earning a 60% intere…


Some comments from our readers

When it comes to making suggestions, readers of The Northern Miner don’t pull any punches. Many respondents offered good sound advice but, while we received many comments on a job well done, there was…


Equity Silver plans 4th quarter writeoff

The leach and gold scavenger plants no longer used at Equity Silver Mines’ mill near Houston, B.C., will be reported as a writeoff in the fourth quarter. The $33.6-million writeoff will be reported as…


Shareholders reject Nova-Cogesco offering

Shareholders of Nova-Cogesco Resources of Montreal have rejected a private placement of 700,000 shares to MSV Resources, Nova- Cogesco reports. Proposed price of each share was $2.75. MSV currently ha…


Cominco back into gold

Describing the calculation as “fairly conservative,” Cominco Ltd. President Robert Hallbauer says he is “pretty enthusiastic” about the reserve inventory established for the company’s snip property in…





Silverside acquires additional ground

Additional ground has been optioned by Silverside Resources in the Harker-Holloway area east of Matheson, Ont. The company has the right to acquire a 100% interest in 13 patented claims located in Gar…


Pioneer prepares to fend off takeover

Although he has heard “rumors of several companies sniffing around,” Pioneer Metals President Robert Willis doesn’t believe his company is a takeover target. But he concedes that if “somebody wants yo…


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