Skyline winding down exploration
Difficulties in raising risk capital have prompted Skyline Gold (TSE) to defer further exploration on its claims in the Iskut River gold camp of northwestern British Columbia. The company also announc…
News
Willingdon acquires three properties
To complement the silver property portfolio it hopes to gain through a proposed merger with Sandy K Mines, Willingdon Resources (CDN) has picked up three properties in northeastern Ontario. The junior…
Rembrandt funds
Shareholders of Rembrandt Gold Mines (ASE) approved a $300,000 private placement of 1.5 million shares at 20 cents per share at the recent annual meeting. The company says the proceeds will be used fo…
LATIN AMERICA — Joint venture to explore in Uruguay
A joint venture involving Santa Fe Pacific Minerals, Gold Standard (PSE) and Big Pony Gold (NASDAQ) will explore for gold in Uruguay. Gold Standard and its 50% owned subsidiary Big Pony, both based in…
Royal Oak cleared in tailings spill
Royal Oak Mines (TSE) says it (with predecessor Pamour Inc.) has been cleared by the Ontario Environmental Appeal Board of any liability in connection with the Oct. 17, 1990, tailings spill at the for…
USMX in production at Yankee
After a year of permitting, engineering and construction, USMX (NASDAQ) recently brought a third producing property into production on the Alligator Ridge trend near Ely, Nev. The project, dubbed the …
Shipes sees bright future for Arimetco
By using low-cost methods to produce cathode copper at properties in North and South America, Arimetco International (TSE) Chairman Roy Shipes says he wants to turn the company into an industry powerh…
STOCK MARKETS — First-hole results at Casino boost shares of
Trading statistics for the Vancouver Stock Exchange mirror a general feeling of malaise at brokerage houses where phones are quiet. After comparing the second quarter of 1992 with the first, the excha…
Cyprus announces huge writedown
The new chairman and chief executive officer of Cyprus Minerals (NYSE), Milton Ward, recently announced writedowns totalling US$415 million. The writedowns reflect weak markets for some of the company…
Teddy Bear shuffle is ruled `improper and invalid’ by court
A judge for the Ontario Court of Justice has ruled that the 1984 transfer of at least 1.23 million shares of Teddy Bear Valley Mines (CDN) from the Teddy Bear Valley Syndicate to former chairman Ross …
LETTERS TO THE EDITOR — Validating Flag’s claims
Flag Resources reported (T.N.M., June 15/92) that analyses from the first 1,500 ft. of core from its hole indicated enrichment in elements found in Sudbury ores. Flag specifically referred to the nick…
LETTERS TO THE EDITOR — Gerard defends labor leaders
Your editorial “Self-serving labor leaders” (T.N.M., June 15/92) is quite out of character for The Northern Miner. It is such a gratuitous, hysterical, falsehood-laden personal attack on myself and th…