A recent drilling program by Minerex Resources (TSE) increased minable reserves at the Aurora Partnership gold mine near Hawthorne, Nev. The project is owned equally by Minerex and Electra North West …
A rights plan agreement introduced by Golden Rule Resources (TSE) in 1991 has been terminated by the company. President Glen Harper said the directors believed it was in the best interest of the compa…
As the president of the Prospectors and Developers Association of Canada (PDAC), I would like to comment on Don McKinnon’s remarks (letter to the editor, T.N.M., Feb. 24/92) on my support for Ontario’…
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar 3 Mar 2 Feb 28 Feb 27 Feb 26 Copper 1289-1290 1297-1298 1295-1296 1298-1299 1291…
This issue of The Northern Miner marks the beginning of our 78th year of continuous publication. There have been a lot of changes over those years and there are more in store as we respond to our read…
The expanding Olympic Dam polymetallic mining project in northern Australia should be processing six million tonnes of material per year by the mid-1990s. The annual production by mid-decade is expect…
Under a recent agreement with Dundee-Palliser Resources (TSE), Placer Dome (TSE) has acquired the right to earn a 60% interest in 55 gold claims in Desjardins Twp., northwestern Quebec. The terms of t…
As a result of an 11th-hour agreement with B.C. Rail, Quintette Coal managed to meet its Feb. 29 deadline to file its restructuring agreement with the British Columbia Supreme Court. Quintette has bee…
A writedown of investments in several associated companies contributed to Imperial Metals’ (TSE) net loss of $3.7 million for the third quarter ended Dec. 31. This compares to net income of $240,000 i…
Next month President Michael Spoko, 53, will succeed retiring Donald Phillips to become Inco Ltd.’s chairman and chief executive officer. Asked as to why he was chosen for the top job, Sopko replies, …
Following an increase in estimated reserves at the Grouse Creek project in south-central Idaho, owner Hecla Mining (NYSE) is planning to bring the property into production. Proven and probable reserve…
After spending $3.4 million on exploration during the past two years, a unit of Asarco (NYSE) recently dropped all rights to earn an interest in the Frasergold property under the terms of a 1990 optio…
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