SUPPLIER’S NOTES (May 01, 1990)
A contract has been awarded by the International Magnesium Association to the Canada Centre for Mineral and Energy Technology (CANMET) for a 4-year project to study the fundamental aspects of the corr…
Articles by Northern Miner Staff
Montreal Exchange: Prices in decline (April 30, 1990)
The decline continued on the ME, with the market portfolio down more than 61 points and the mining and minerals index off by more than 92 points for the week ended April 24. Daily trading volumes were…
COATS (over-the-counter) Windy up 50 cents
Shares of Windy Mountain Explorations responded positively to confirmation of a large, low- grade copper discovery on the MacLeod Lake property north of Chibougamau, Que., jumping 50 cents to close at…
Franco-Nevada’s 1990 plans focus on Hemlo gold claims
An after-tax profit of $3.5 million reported recently by Franco- Nevada Mining (TSE) was attributed by the company to a royalty held on American Barrick Resources’ (TSE) Goldstrike gold mine in Nevada…
Girard leaves Cheni Gold Mines
Paul Girard has resigned as president and chief executive officer of Cheni Gold Mines (TSE), a Vancouver-based junior that owns and operates the profitable Lawyers gold mine in the Toodoggone district…
Goldbelt gains interest in Jascan property
A group of 48 claims about 10 miles northwest of the recent Inco- Vior-Cambior gold discovery in Douay Twp. will be optioned to Goldbelt Mines (VSE) by Jascan Resources (TSE). Goldbelt has the option …
Metal Prices (April 30, 1990)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr. 24 Apr. 23 Apr. 20 Apr. 19 Apr. 18 Copper 1583-1585 1578-1580 1580-…
Toronto Stock Exchange Indices (April 30, 1990)
Apr. 24 Apr. 23 Apr. 20 Apr. 19 Apr. 18 HIGH LOW Composite “300” 3340.96 3344.07 3355.62 3410.61 3476.42 4009.47 3340.96 Metals & Minerals 2851.87 2850.84 2898.23 2946.64 2971.48 3453.05 2850.84 Integ…
Corona earns stake in Nevada project
A joint venture between Westley Mines (TSE) and Corona (TSE) will revive exploration efforts on what Westley has described as “the company’s most exciting project.” Corona is earning a 70% interest in…
BP focusing on properties on east and west coasts
With a grassroots exploration budget of nearly $7 million this year, the mining division of BP Canada (TSE) is emphasizing its most promising base metal and gold properties in Newfoundland and British…
Pershing finances
Pershing Gold, which has an interest in a gold-silver property in Nevada and which trades over-the- counter in the U.S., reported total assets of US$1.9 million for 1989, down slightly from the previo…
Quality driving force behind Amax growth
In its recently released 1989 annual report, Amax Gold (NYSE) stressed that quality will be the driving force behind the future growth of the company. The company notes that it plans to grow through e…