Sundust acquiring Peruvian interest
Agreement-in-principle has been signed between Sundust Resources (ME) and Aurifera El Sol of Peru which will allow Sundust to acquire a 30% interest in the latter for $1.5 million(US). Aurifera, forme…
News
Olympic Dam mine opened `Down Under’
Australia’s largest mining project, the Olympic Dam copper- uranium-gold mine at Roxby Downs, was recently officially opened. Bringing the mine, located in south Australia, into production are Western…
NO HEADLINE (November 28, 1988)
TEXT: A joint training agreement was recently signed between Saskatchewan Institute of Applied Science and Technology (SIAST) and Hudson Bay Mining Smelting to train 16 northern Saskatchewan resident…
Amax Inc. announces third quarter earnings
Amax Inc. today reported third quarter net earnings of $132.5 million(U.S.), equivalent to $1.61 per primary common share. Third quarter 1987 net earnings of $176.2 million, equivalent to $1.81 per pr…
Ronrico raises more funds for Simkar bet
Toronto-based Ronrico Explorations (VSE) has announced another funding agreement to finance exploration on the Simkar gold property east of Val d’Or, Que. The funding agreement was made with the Minta…
TSE blocks Corona/Golden North property transaction
The Toronto Stock Exchange blocked an interim agreement between Golden North Resource Corp. (TSE) and Corona Corp. (TSE) which would have seen Golden North acquire, along with certain other assets, Co…
Northern Platinum finds more reserves
Additional near-surface reserves have been outlined by Northern Platinum (VSE) on the company’s Kanichee copper-nickel property near Temagami, Ont. Drilling has outlined 249,250 tons grading 0.84% cop…
Alberta Stock Exchange Volumes much higher
A strengthening in the price of gold was accompanied this week by renewed interest in a number of Alberta issues. American Ore Ltd. was the volume leader with 493,300 shares following the release of d…
Companies consolidate interests in B.C. copper-gold project
The companies involved in the Kerr copper- gold property, Western Canadian Mining Corp. (VSE) and Sulphurets Gold Corp. (VSE), recently agreed in principle to consolidate their respective interests in…
Claude, Newmont pleased with Ithingo drill results
Preliminary drill results from the Ithingo Lake gold project in northern Saskatchewan have been received by partners Newmont Mines, a wholly-owned subsidiary of Newmont Mining, and Claude Resources (T…
Northgate sifting through its expanding portfolio
One of the most active investors in the Canadian mining industry is preparing to embark on a period of self analysis. After a $100-million shopping binge in which it picked up minority interests in ni…
Queries Nicoba Mines inactive
I last wrote to The Northern Miner in January, 1981 asking for the address of Nicoba Mines Ltd., a company which I own shares in. You were very kind to send me the address. Can you now tell me if Nico…