Spot prices at a glance (July 16, 1990)
Week’s Price (US) Change Gold* $353.70 — $7.55 Silver* $4.81 — $0.13 Platinum* $477.65 — $11.10 Nickel** $4.08 + $0.18 Lead** $0.41 $0.00 Copper- $1.28 + $0.08 Zinc– $0.80 + $0.05 Courtesy of Scot…
Articles by Northern Miner Staff
U.S. REPORT Gold slump forces cutback for Alta Gold
Weak gold prices are starting to take a toll on mining operations across North America, and heap leach mines appear to be no exception. For Alta Gold (NASDAQ), the combination of low gold prices and h…
Sutton negotiating African joint ventures
Within the next several weeks, Sutton Resources (VSE) expects to have signed a formal agreement to acquire interests in gold concessions in Guyana and base metal projects in Tanzania. Romanex Internat…
Timmins Nickel reduces costs, seeks more ore
Junior nickel miner Timmins Nickel (TSE) says it has substantially reduced costs at its 51% owned Redstone mine, 14 miles south of Timmins, Ont. The other 49% interest in the deposit is held by BHP-Ut…
Potash Corp. set to buy Saskterra
Saskatoon-based Potash Corp. of Saskatchewan (TSE) is set to acquire all the shares of Saskterra Fertilizers from Husky Oil for $47 million. The acquisition, which has been given preliminary approval …
Study calls for Brunswick smelter cleanup
A recent study into working conditions at Brunswick Mining and Smelting’s (TSE) lead smelter in Belledune, N.B., has found that contaminants contained in the plant are affecting the health of employee…
Asarco agrees to explore Fortune bet
Exploration for gold-bearing iron formations on the Russell Lake claims in the Northwest Territories will continue following an agreement between Asarco (NYSE) and Fortune Minerals (COATS). Asarco has…
U.S. REPORT Roaster facility tops design rate
A roasting facility at the Big Springs gold project in Nevada recently completed its first year operating 15% above the design rate of 1,000 dry tons per day. For the first 12 months of the operation …
FUTURES PRICES (July 16, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) July 121.20 118.50 118.60 + 4.20 Aug 119.50 118.20 118.25 + 4.15 Sept 118.70 116.20 116.75 + 3.65 SILVER (in US c…
Westfield shareholders react to management sale of assets
A change in the direction of Westfield Minerals (TSE), from a corporation with an interest in a producing gold mine to a holding company, brought a flurry of questions from shareholders at the annual …
U.S. REPORT Amax suspends deep drilling at Robertson
Unable to find the deep-seated gold deposits it had hoped to intersect at the Robertson property in northern Nevada, Amax Gold (NYSE) has suspended its deep drilling program in favor of shallow drilli…
NO HEADLINE (July 16, 1990)
TEXT: N.11 FINANCING VANCOUVER Pacific Northern Ventures — gross proceeds rec $240,000. Blue Gold Res — 800,000 offered @ 40 cents per unit. Hyder Gold — 600,000 offered @ $1.17 per unit. Auriga R…