S.A. Goldfields looks to future
If a merger between South American Goldfields (TSE) and Golden Star Resources (TSE) proceeds as planned, the amalgamated company would expect to be “a medium-sized and rapidly growing” gold producer b…
1992
Teck to drill Nebex property
Calgary-based Nebex Resources (ASE) says Teck (TSE) will start drilling the junior’s base metal prospect in northern New Brunswick in early May. The prospect lies 3 km north of the 10,000 tonne-per-da…
Queenston and Strike option two properties to Falconbridge
Partners Queenston Mining (TSE) and Strike Minerals (CDN) recently proved that you can still cut a deal with a major by optioning their Robertson Twp. base metal property and another property in north…
Munk welcomes stable gold market
The chairman of one of North America’s largest and most successful gold mining companies, Peter Munk, says the industry is headed for a period of “consolidation, rationalization and upheaval” that wil…
PEOPLE (May 04, 1992)
Andrew Poller appointed vice-president.
Latin America touts its mining potential
Investors looking to participate in mining ventures in Latin America were given an overview of what that part of the world has to offer at a 4-day conference here recently. The conference, titled “Inv…
Magnacon mill deal is extended
A deadline to purchase the Magnacon gold mill near Wawa, Ont., has been extended by two months says Richard Nemis, president of Central Crude (TSE). Nemis says he now has until mid-summer to raise the…
Witte shares managing secrets
A loyal and technically competent management team is the essential ingredient in any growing mining company, Peggy Witte, president of Royal Oak Mines (TSE), told a recent gathering of the Toronto bra…
Minnova sees major returns from Izok Lake project
Advances in trucking on winter roads and in arctic shipping make the Izok Lake copper-zinc project in the Northwest Territories viable today almost 30 years after its discovery, says David Watkins, pr…
EDITORIAL PAGE (May 04, 1992)
Interest rates have a long way to come down yet. Eventually, despite the Bank of Canada’s reluctance to let the dollar fall, rates have to come down to a level that will support investor confidence. F…
LETTERS TO THE EDITOR (May 04, 1992)
I am a longtime subscriber to The Northern Miner. I am writing to urge you to return to your original format of listing the Canadian mining shares; the new way is confusing. It would be the same as Th…
New chairman takes charge at nickel producer Inco
A changing of the guard occurred recently at Inco (TSE) with the retirement of Donald Phillips, 62, from the company’s top job. Phillips, who had been with the company for 36 years, handed the reins o…