New Kelore, Pan Orvana set to merge
Shareholders of New Kelore Mines (TSE) and private Vancouver company Pan Orvana Resources were recently told to expect a “more vibrant future” after voting almost unanimously in favor of a merger prop…
1992
LETTERS TO THE EDITOR (February 17, 1992)
Every week I read The Northern Miner hoping to see a change in the stability of the mining industry, and yet it never comes. The articles describing the bickering between the provincial and federal go…
Placer, Newhawk, Granduc divide Sulphurets property
The Sulphurets property in northwestern British Columbia has been divided into three parts as a result of the closing of recent agreements among Newhawk Gold Mines (TSE), Placer Dome (TSE) and Granduc…
Skyline suffers further loss with Johnny Mountain closed
A net loss of $4.6 million was reported by Skyline Gold (TSE) for 1991, compared with a loss of $46.1 million in 1990 which includes writedowns of $31.4 million for mining properties and $9.3 million …
Telfer to address CIM luncheon
Guest speaker at the Feb. 20 luncheon of the Canadian Institute of Mining, Metallurgy and Petroleum, Toronto branch, will be Ian Telfer, Executive Vice-President of gold producer TVX Gold. Telfer’s to…
Hillsborough-Brinco merger on
The proposed merger between Hillsborough Resources (TSE) and Consolidated Brinco (TSE) was recently approved by shareholders and the Alberta courts. Under the merger arrangement, Consolidated Brinco s…
Vior drilling hints at third zone on Douay property
A couple of new discoveries have been announced by Societe d’Exploration Miniere Vior (ME) at its Douay gold project northeast of Joutel, Que., in Quebec’s Casa Berardi area. Three drill rigs are at w…
Pelangio options Hurdman property
Pelangio-Larder Mines (CDN) is gearing up for exploration on a 12-claim property, two miles northeast of the Noront Resources (VSE) and Galico Resources (VSE) zinc discovery in Hurdman Twp., northeast…
Low prices, high dollar hurt Cominco
A net loss of $41.3 million was reported by Cominco (TSE) for 1991, compared to a profit of $54.8 million in 1990. The company attributed its drop in earnings primarily to the worldwide decline in met…
Minnova moves three drills on to Benoit property
A third drill rig has been added to the Benoit gold project in the Quevillon area northeast of Rouyn, Que., where Freewest Resources (TSE) made a significant gold discovery last winter. Two of the rig…
NEWS ROUNDUP (February 17, 1992)
P.T. Inco, Inco’s (TSE) Indonesian division, produced a record amount of nickel in matte during 1991 75.9 million lb. compared with 59.6 million lb. in 1990. But despite the production increase, P.T. …
Queenston takes control of Thermal
Queenston Mining (TSE) has signed a letter of intent to purchase 30.5%, or 3.5 million shares, of Thermal Exploration (ASE) at 35 cents per share. Thermal has a 50% interest in the Williams Creek copp…