Successful MDA programface uncertain future
Just as the exploration industry is adjusting to the sudden elimination of the Canadian Exploration Incentives Program (CEIP) earlier this year, another government program designed to stimulate explor…
Articles by Northern Miner Staff
Cominco Resources hits high-grade gold in Turkey
High-grade gold mineralization over significant thicknesses was encountered by Cominco Resources International (TSE) during a recent shallow drill program on two 100% owned properties in Turkey. The c…
U.S.Report Higher earnings for CoCa Mines
First-quarter earnings of US$798,700 (6 cents per share) on revenue of US$7.3 million were reported by CoCa Mines (TSE), compared with US$94,900 (1 cents per share) on revenue of US$4.1 million for th…
Giant Yellowknife records loss in first quarter (May 14, 1990)
A loss of $610,000 (7 cents per share) was reported by Giant Yellowknife Mines (TSE) for the first quarter, compared with a loss of $183,000 (2 cents per share) for the same 3-month period in 1989. Re…
Radisson financing
Regulatory approval for a private placement worth $2.1 million has been received, Radisson Mining Resources (ME) reports. The placement involves 3,387,090 shares at a price of 62 cents per share and w…
NovaGold plans takeover of Etruscan Enterprises
Continuing on the acquisition trend, NovaGold Resources (TSE) is planning a takeover of Etruscan Enterprises (VSE), an exploration company with two properties in the Northwest Territories. As part of …
U.S.Report Asarco enhances expansion program of copper works
An enhanced US$350 million program to expand and modernize copper production facilities has been announced by Asarco (NYSE). Additional expenditures at the Ray mine in Arizona and the El Paso smelter …
U.S.Report South Dakota mining under renewed attack
Now that the mining-initiated 2-year moratorium on new mine development is law in South Dakota, the mining industry’s foes are at it again. Environmental groups are gathering support for a statewide i…
Editorial Selling gold is a short-term solution
The Canadian government has sold almost six million ounces of gold since the end of 1979 when John Crosbie, as finance minister, initiated the policy saying it would help reduce Canada’s deficit. Sinc…
Higher gold production for LAC in 1st quarter
Increased gold production and lower net earnings have been reported by Toronto-based LAC Minerals (TSE) for the first quarter of 1990, reflecting the consolidation of 65% owned Bond International Gold…
London Metal Exchange (May 14, 1990)
Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 8 May 7 May 4 May 3 May 2 Copper 1660-1665 N/A 1630-1635 1720-1725 1695-1700 Lead 485-487 N/A 487-489 …
INSIDER TRADING Audrey grants Kearney options
With Minnova (TSE) developing the 1100 lens at Audrey Resources’ (TSE) Mobrun polymetallic mine at Rouyn-Noranda, Que., some analysts were expecting Northgate Exploration (TSE) to sell its 18% stake i…