Spot prices at a glance (April 02, 1990)
Week’s Price (US) Change Gold* $373.30 — $16.6 Silver* $5.00 — $0.05 Platinum* $474.20 — $12.55 Nickel** $4.27 + $0.39 Lead** $0.42 — $0.07 Copper- $1.15 + 0.05 Zinc $0.75 + $0.05 Courtesy of Scot…
Articles by Northern Miner Staff
PRODUCER PRICES (April 02, 1990)
ALUMINUM: MW U.S. Market US68.50- 70.50 cents per lb. (Mar. 8, 1990). ANTIMONY: New York dealer US84-86 cents per lb. (Feb. 15, 1990). BISMUTH: New York dealer US$4.30-4.40 per lb. (Feb. 8, 1990). CAD…
Montreal Exchange Fontana strike
The partners in the Fontana gold project northwest of Val d’Or, Que., announced another encouraging drill intersection: 125 ft. of (uncut) 0.51 oz. gold per ton. The strike, they say, was along a wedg…
Aur to complete 20,000 ft program at Louvicourt bet
A new $3-million surface exploration program is under way after a short delay at the massive sulphide discovery, east of Val d’Or, Que., of Aur Resources (TSE) and Societe Miniere Louvem (TSE). “Our o…
Sphinx project
A small heap leach project near Amos, Que., is set to resume operation in early May after a winter break, Sphinx Mining (ME) reports. Last autumn the company extracted a 40,000-ton bulk sample from on…
Alaska placer mines yield 297,900 oz., best year since ’42
Placer and lode mines in the state of Alaska collectively turned out 297,900 oz. gold in 1989, the highest amount produced since 1942. The precious yellow metal was also the most valuable mineral comm…
Carolin Mines changes name, revives Ladner Creek project
After a long and checkered history as Carolin Mines (NASDAQ), the U.S. company has recently changed its name to Anglo Swiss Mining (NASDAQ), and is starting anew at the Ladner Creek Gold Mine project …
New promise for gold, silver in Minnesota
Recent geologic studies in northern Minnesota indicate a greater potential for gold and silver in the area than was previously estimated, J.R. Clark, a U.S. Geological Survey scientist, told a meeting…
New Horne contract
More than 700 unionized workers at the Horne division of Noranda Minerals at Rouyn-Noranda, Que., recently voted 62% in favor of a new 3-year labor contract. Salaries will have risen by about 19% by t…
Gold funds as of Mar. 27
MVP BGR Central Capital Net value $12.09% %$6.06% $0.40% Price $10.75% %$6.62% $0.29% Discount 11.08% %9.3%5 27.5% Value $71,973,764 $102,052,117 N/A…
Jonpol seeks financing for Garrison Twp. plans
Having extracted a 2,200-ton bulk-sample program on their Garrison Twp. Newfield gold project near Cochrane, Ont., partners Jonpol Explorations (TSE) and affiliate T & H Resources (TSE) are waiting fo…
COATS (over the counter) Black Gregor drops
Effects of the dramatic drop in the gold price for the week ended March 27 were felt even by some of the small traders on the over-the- counter market. Despite the discovery of three “promising” gold …