Homestake tops million ounces
Gold producer Homestake Mining (NYSE) exceeded the million- ounce mark in 1989 for the first time in its 114-year history. The company was also able to lower its cash production costs but it also repo…
Articles by Northern Miner Staff
Metal Prices (April 23, 1990)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr. 17 Apr. 16 Apr. 13 Apr. 12 Apr. 11 Copper 1643-1648 — HOLIDAY — 1…
LAC, Echo Bay added to main ME index
The Montreal Exchange currently includes six mining and metals firms among the 25 companies that make up its market portfolio or general market index. Newly added are LAC Minerals and Echo Bay Mines. …
Noranda, Major General set reserve figure
Recent drilling results from the Rendell-Jackman gold project in the Springdale area of Newfoundland have allowed equal partners Major General Resources (VSE) and Noranda Exploration (TSE) to establis…
Bay, St. Genevieve in financing deal
A financing agreement has been entered into by Bay Resources and Services (ASE) with St. Genevieve Resources (TSE) whereby St. Genevieve will spend $150,000 by March 1, 1991, on Bay exploration proper…
BP reports base metal find on property in Newfoundland
A new base metal discovery has been reported by BP Canada (TSE) on the company’s Daniel’s Pond prospect, about 20 km south of Buchans, Nfld. Although still at an early stage of exploration, the new ma…
Vancouver Stock Exchange Prime, Stiking make impressive gains
The Vancouver Stock Market seems to have lapsed further into a state of lethargy with the composite index slumped at the 750 level. There appears to be far more excitement taking place away from the c…
Prime Res. has good assqays on Eskay Creek metal project
A number of spectacular assay results for both precious and base metals were reported by Prime Resources Group (VSE) from recent drilling on the 21B deposit at the Eskay Creek project north of Stewart…
Agnico offering
Today’s low gold price hasn’t dampened the enthusiasm of Agnico-Eagle Mines (TSE) to try to raise funds. The gold producer has approved a preliminary prospectus for a proposed offering of units (share…
Heenan Senlac assets sold to Laurasia
Despite objections from at least two shareholders, a resolution concerning the sale of all assets of Heenan Senlac Resources (TSE) was recently passed at a special meeting of shareholders. As part of …
Sun River, Bre-X plan production at Arizona property
Based on a recent letter of agreement, Sun River Gold (VSE) and Bre-X Minerals (ASE) plan to form a joint venture to place into production the United Western gold mine project near Oatman, Ariz. In or…
Lithium shares quadruple on Oxford Lake drilling results
Based on recent drilling results from Noranda’s (TSE) Oxford Lake properties in Manitoba, the Rusty gold zone discovered last year appears to be continuing downdip. Narrow zones of mineralization, inc…