PRODUCER PRICES (September 17, 1990)
ALUMINUM: MW U.S. Market US81.00- 83.00 cents per lb. (Aug. 30, 1990). ANTIMONY: New York dealer US82-83 cents per lb. (Jun. 14, 1990). BISMUTH: New York dealer US$2.95-3.00 per lb. (Aug. 30, 1990). C…
Articles by Northern Miner Staff
CORRECTION (September 17, 1990)
An earlier story (T.N.M., Sept. 3/90) on Inco’s (TSE) purchase of a 6% stake in Explaura Holdings (COATS) used incorrect currency symbols. Inco purchased four million shares of Explaura at 40 pence pe…
Kemess drilling cuts wide intersects
Recent drilling on the South Kemess project in the Toodoggone region of north- central British Columbia has returned wide intercepts of copper- gold mineralization. El Condor Resources (VSE) and a uni…
Insider Trading Ewanchuk profits from Corona deal
Henry Ewanchuk, a former senior executive with the Toronto- based Corona (TSE) group, recently made a substantial profit after exercising an option to purchase shares of the company at a discount to t…
New Silidor mine achieves planned production rate
Five months after entering production, the Silidor gold mine lying just outside of this city has reached its planned production capacity of 33,000 tonnes per month. The mining operation, officially op…
Aur keeps 55% of Louvicourt, Noranda to get smelter feed
The four participants in the Louvicourt Twp. base metal discovery emerged recently with a deal that removes all of the litigation surrounding the deposit, while guaranteeing Noranda’s (TSE) right to t…
News in brief (September 17, 1990)
Akiko-Lori Gold Resources (VSE) has exercised its right to option a 50% interest in Lansdowne Minerals’ (VSE) Lean-To property in the Omenica district of British Columbia. Akiko can earn its interest …
FINANCING (September 17, 1990)
Canarc Resource Corp. — 250,000 shs offered @ $1.69 per sh. Consolidated Acorn Resources Ltd. — 1,000,000 units offered @ 40 cents per unit. American Barrick Resources Corporation — 5,000,000 shs o…
EDITORIAL PAGE Ontario won’t benefit from NDP win
As one pundit put it the day after Ontario elected an NDP majority government: “It can’t mean any good for mining.” That seems to sum it up. We would be delighted if proved wrong, but the election of …
Noranda Trelleborg refinance takeover of Falconbridge
Toronto-based Noranda Inc. (TSE) and Swedish mining conglomerate Trelleborg A.B. recently announced a $2-billion refinancing of their investment in Falconbridge Ltd. Noranda and Trelleborg, which each…
Drilling increases Hushamu potential
Recent drilling on the Expo Property on northern Vancouver Island has Moraga Resources (VSE) optimistic that the ultimate size of the Hushamu deposit could be in the order of 300 million tons. Moraga …
Investors wary of NDP win in Ontario’s election
Investors reacted negatively to the unexpected election of the New Democratic Party to a majority government in Ontario on Sept 6. Several mining companies with operations in the province saw their sh…