Goldteck takes Bellview to feasibility
At a recent meeting, directors of Goldteck Mines unanimously approved a decision to advance to feasibility the Bellview gold project in White Pine Cty., Nev. A feasibility study, financed 100% by Gold…
News
Air of confidence evident at Thunder Bay conference
Recent increases in the price of gold helped to create a mood of optimism at this year’s annual Northwestern Ontario Mines and Minerals symposium held in Thunder Bay recently. The symposium’s theme wa…
Editorial Good pay in mining
Productivity improvements in the mining industry over the past decade has proven to be a mixed blessing for its workers. According to a report from Statistics Canada, mine workers were among the highe…
Letters to the Editor Miner’s library should stay open
I regret to learn of the decision by The Northern Miner to close its library to the public which was recently announced in your paper. The library is an extremely important source of information to th…
Peat Resources conducting tests at Ontario Hydro
In its bid to capitalize on the vast peat lands of northern Ontario, a little-known company called Peat Resources (COATS) is conducting a series of burning tests through the research division of Ontar…
Dumagami merger a boost Agnico earnings on the rise
Anyone pondering a takeover of Agnico-Eagle Mines, as recent trading in its shares might suggest, could find the going rough. The past week alone saw more than three million shares change hands on the…
Bronfman’s Claridge wing ups Greenstone interest
The Montreal Bronfman group appears to have offered Greenstone Resources (TSE) a vote of confidence by increasing its stake in the Toronto-based exploration company to 28.3%. A recent issue of the Ont…
Minnova in red after Donalda writeoff
A net loss for 1989 of $6.9 million (48 cents per share) was reported by Minnova (TSE), compared with a net gain of $921,000 (7 cents per share) for the previous year. The company recorded a net loss …
Vancouver Stock Exchange Trading activity comes to life
With gold prices moving in the right direction and companies announcing drilling budgets for the coming season, trading activity on the Vancouver Stock Exchange is beginning to show signs of life. At …
Jascan option deal
Jascan Resources (TSE) has optioned its Dawson property in Colorado to Uranerz, a West German mining company. Under the terms of their option agreement, Uranerz can earn a 75% interest in Jascan’s Daw…
OSC seeks power to regulate professionals
The Ontario Securities Commission has recently proposed a series of far-reaching amendments to the Securities Act that would broaden its investigation and enforcement powers to include mining engineer…
FINANCING (February 12, 1990)
Romulus Res — gross proceeds rec $555,500. Bonaventure Res — gross proceeds rec $230,000. St. Jude Res — 500,000 offered @ 50 cents per sh. Silver Butte — 700,000 offered @ 65 cents per unit. Alta…