Unexpected developments affect Audrey earnings
Some unexpected developments at Audrey Resources’ (TSE) Mobrun polymetallic mine near Rouyn-Noranda, Que., contributed to an unprofitable first quarter for the company. Audrey reported a net loss of $…
Articles by Northern Miner Staff
New uranium deposit found in Saskatchewan
A new high-grade uranium discovery has been confirmed by Cameco on its 44% owned McArthur River joint venture project in the Athabasca Basin of northern Saskatchewan. The discovery is about 70 km nort…
Mine closure means loss for Bachelor
The closure of their mine and mill in Desmaraisville, Que., has hurt Bachelor Lake Gold Mines’ (TSE) 1989 financial results. Producing for only half of the year, Bachelor reported a net loss of $3.4 m…
Southern to finance Chester development
With a commitment to spend $6 million on exploration and development over a 3-year period, Southern Arizona Mining and Smelting (COATS) says it intends to form a joint venture with Gold Bar Resources …
Cambior teams up with Golden Star on Guyana project
Edmonton-based Golden Star Resources (ASE) has recently gained Cambior (TSE) as its new joint venture partner on the Omai gold project in Guyana, South America. Golden Star’s previous partner had been…
PRODUCER PRICES (June 04, 1990)
ALUMINUM: MW U.S. Market US72.50- 74.50 cents per lb. (May 17, 1990). ANTIMONY: New York dealer US82-84 cents per lb. (Apr. 19, 1990). BISMUTH: New York dealer US$4.05-4.15 per lb. (May 17, 1990). CAD…
IOCC GOLD OPTIONS (June 04, 1990)
Options Open Series Volume Last Interest Aug. 380 C 96 7.80 772 Aug. 390 C 140 5.50 1,185 Aug. 400 C 103 3.30 1,680 Aug. 430 C 220 0.50 1,237 Nov. 380 C 52 16.25 116 Nov. 400 C 68 9.50 210 Nov. 440 C …
U.S.REPORT Uranium Resources plans production
Planning to increase annual production capacity from one million to more than four million pounds in the near future, Uranium Resources (TSE) has borrowed $23 million from Citibank. The 6-year credit …
People LEXINGTON RESOURCES
A.M. Sinclair and Don Archibald appointed to the board of directors.
U.S. tour highlights environmental challenges
Environmental concerns that U.S. mining companies are grappling with today will probably be facing Canadian miners in the future. That prospect prompted the Canadian Institute of Mining and Metallurgy…
Getchell pulls good drill holes at Galaxy
Recent drilling by Getchell Resources (VSE) on the Galaxy property near Kamloops, B.C, returned encouraging results which appear to confirm the results of previous drilling done on the property during…
Sale of Westfield gold mine to Northgate to be studied
Westfield Minerals (TSE) appeared to bow to pressure from some minority shareholders when it agreed recently to commission an independent study into the sale of its mining assets to Northgate Explorat…