Stratabound gets first payoff from CNE bet
Calgary-based Stratabound Minerals (ASE) expects to bank revenues of $1-1.5 million from a recently completed bulk sample run at the Heath Steele Mines mill near Bathurst, N.B. The 12,000-ton sample, …
Articles by Northern Miner Staff
Metal Prices FREE MARKET (November 05, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date October 30 October 29 October 26 October 25 October 24 Copper 1348-1350 1356-1358 14…
Corona raises stake in Prime Res. by 1%
With the private purchase of 700,000 additional shares, Corona (TSE) has increased its stake in Prime Resources Group (VSE) to 44%. Prime owns a 50% interest in the Eskay Creek gold property in Britis…
Giant increases quarterly output
Consolidated earnings of $923,000 were reported by Giant Yellowknife Mines (TSE) for the first nine months of 1990, compared with $2.9 million for the same period last year. During the third quarter, …
IOCC GOLD OPTIONS (November 05, 1990)
Options Open Series Volume Last Interest Nov. 370 C 190 10.10 649 Nov. 380 C 174 5.00 1,053 Nov. 390 C 672 3.40 1,861 Nov. 430 C 200 0.80 3,556 Nov. 460 C 2,200 0.45 3,825 Feb. 420 C 192 6.20 1,160 Fe…
Dome mine workers end 6-month strike
Workers at the Dome gold mine of Placer Dome (TSE) voted 75% in favor of accepting a new contract. The agreement, approved Oct. 31 by the workers, ended a 6-month strike by the 575 members of Local 75…
Homestake earnings ease
The 1990 third-quarter earnings of Homestake Mining (NYSE) were US$1.7 million, compared with US$2 million reported for the comparable period in 1989. Net income for the first nine months of the year …
Hillsborough reports increased earnings
An increase in 9-month net earnings reported by Hillsborough Resources (TSE) was recently attributed to the company’s long-term mine contracting projects. Net earnings for the nine months ended Septem…
Windy extends copper zone by 400 metres
A summer drill program on the MacLeod Lake property north of Chibougamau, Que., has extended the strike length of the known zone of copper mineralization by 400 metres. Drilling to the east and west o…
Toronto Stock Exchange Indices (November 05, 1990)
Oct.30 Oct.29 Oct.26 Oct.25 Oct.24 HIGH LOW Composite “300” 3083.89 3083.35 3086.50 3129.85 3122.53 4009.47 3009.91 Metals & Minerals 2635.14 2635.71 2627.98 2689.60 2710.10 3453.06 2587.95 Integrated…
NEWS IN BRIEF Fairbanks Gold Ltd.
Fairbanks Gold Ltd. (FX:VSE) has had a change in financial advisers to Yorkton Securities Inc.
NEWS IN BRIEF Triangle Resources Inc.
Triangle Resources Inc. (TLI: VSE) has changed its name to Mortcorp Enterprises Inc. with a consolidation of capital on a 1-new-for-3-old-share basis. The new company has no further interest in mining…