Liberals set to change Ontario mine tax rate
A bill to amend Ontario’s Mining Tax Act was expected to become law at presstime. The bill would eliminate the current graduated tax of up to 30%, which is imposed on mining profits, and replace it wi…
Articles by Northern Miner Staff
Takeover planned, then denied Pezim loses friends at Corona
Moments after an upbeat, 10-minute video extolling the virtues of Internatonal Corona Resources ended, Vice-chairman Murray Pezim stormed out of the annual meeting vowing to regain control of the comp…
COATS Trading Features (February 16, 1987)
The most glamorous gold mining company in North America, Hemlo Gold Mines, left the COATS system for the Toronto Stock Exchange. The issue closed out at $21.50-$21.75. News of strong assay values help…
Investment Comment Denison’s speculative charm attracts Gardiner
Investors attracted to stocks with speculative appeal might want to consider Toronto-listed Denison Mines. The company has just come out of perhaps one of its toughest years yet with a profit of $44.6…
Queries Del Norte Chrome still active
What’s the latest that you’ve heard on Del Norte Chrome Corp? K.D. Toronto, Ont. The latest word from Del Norte Chrome Corp. is that a $120,000, 3,000-ft winter drill program has started on its 2,300-…
Toronto Stock Exchange Hair curling pace of trading gives way to
After the hair-curling pace of trading in the first six weeks of the year when prices and volume were pushed to record highs, the market took a breather this week as investors paused for some profit t…
U.S. die casters reduce use of zinc for second year
Consumption of domestically produced zinc die castings declined 6.9% by weight in 1985, mirroring the downturn in other material consumption areas during that year, says the New York-based Zinc Instit…
SherrGold’s MacLellan gold mine in northern Manitoba has commenced
During the month of January tonnage milled reached 70% of the designed rate of 26,600 tonnes, and full production is anticipated within a few months. The mill started processing ore in July. The first…
News in Brief (February 16, 1987)
Mon-Dor Explorations says it has discovered a new gold zone on its Weir project in the Gaspe area of Quebec. First drilling results on the Diane zone have returned 0.40 oz gold per ton on average widt…
Nortek completes share issuance
Edmonton-based Nortek Energy has completed the issuance of share certificates to Roycal & Co. for a series of non-voting, non-dividend-bearing convertible preferred shares, totaling about $7.36 millio…
Editorial Gold keeps looking better
We have long held to that old maxim that the stock market doesn’t lie. But we are now having some qualms — indeed concern. For a wave of euphoria has been sweeping the big markets of late both in Tor…
People (February 16, 1987)
CANAMAX RESOURCES – Kenneth S. Dalton appointed a director succeeding C. John Sullivan.