NO HEADLINE (April 09, 1990)
TEXT: The American Mining Congress (AMC) criticizes the proposed convention on the regulation of Antarctic mineral resources activities, noting that it discourages private companies to search for ore…
Articles by Northern Miner Staff
Quebec Sturgeon tables placement
Quebec Sturgeon River Mines (TSE) says it has completed an $850,000 private placement of 10% convertible debentures. The company says interest on the debentures, due March 1, 1996, is payable semi-ann…
U.S. Report Nevada plant set to produce sodium cyanide
A May production startup is expected at the new CYANCO joint venture sodium cyanide plant being built in Nevada. Majority owner of CYANCO is Mining Services International of Salt Lake City. The US$11….
Spot prices at a glance (April 09, 1990)
Week’s Price (US) Change Gold* $374.25 + $0.95 Silver* $5.01 + $0.01 Platinum* $475.70 + $1.50 Nickel** $4.09 — $0.18 Lead** $0.41 — $0.01 Copper- $1.26 + $0.11 Zinc $0.78 + $0.03 Courtesy of Scotia…
Toronto Stock Exchange Activity in B.C. keeps western companies
Stock market activity took on a decidedly western theme during the week ended April 3, as share prices of a number of Vancouver companies felt the effects of acquisition rumors and other events. It wa…
Strike ends but tension still high at Highland Valley mine
A short-lived illegal work stoppage threatening operations at Highland Valley Copper near Logan Lake, B.C., appears to be over although the union and management have yet to resolve several contentious…
Colony reports 1989 loss .F VANCOUVER
For the year ended Oct. 31, Colony Pacific Explorations (VSE) reported a net loss of $669,000 on revenues of $124,000. This compares with the previous year’s loss of $197,000 on revenues of $140,000. …
Major General boosts stake in gold claims across the country
Over the past few months, Major General Resources (VSE) has been increasing its stake in gold properties across the country. In Newfoundland, Major General Resources (VSE) has recently exercised an op…
Citadel plans small program on Wawa bet
Following a major corporate restructuring and asset sale last November, Citadel Gold Mines (TSE) plans to conduct a small exploration program this year on its claims around the Surluga gold deposit at…
Golden Knight nets $2.5 million in ’89
For the year ended Dec. 31, Golden Knight Resources (TSE) reported net earnings of $2.5 million or 21 cents per share on revenue of $11.7 million. Revenue during the company’s first year of mining ope…
TVX finalizes US$40 million silver loan
A 7-year silver loan worth US$40-million has been finalized by Consolidated TVX Mining (TSE) with Sharps Pixly & Co., a member of the Kleinwort Benson Group. TVX said it has sold forward seven million…
FINANCING (April 09, 1990)
Daren Res — min 675,000 offered @ 33 cents per sh. Trades reported by QSC…