Placer’s output surpasses 1 million o\.
With a 43% increase in gold production to a record 1,183,000 ounces, Placer Dome (TSE) surpassed the 1- million-oz. level for the first time in 1989. However, the company’s consolidated 1989 net earni…
Articles by Northern Miner Staff
Reserve estimate due soon on Glimmer bet
Glimmer Resources (VSE) says it should soon have a preliminary estimate for the overall tonnage and grade of a gold zone on its property held jointly with Noranda (TSE) in Beatty and Hislop twps., Ont…
Letters to the Editor Director defends Latin American session
As a director of the Prospectors and Developers Association of Canada and a member of its convention committee, I must challenge your recent editorial “Focus on Canada’s potential” (T.N.M., March 19/9…
Normetal, La Sarre deal with Cominco
Affiliated companies Normetal Mining (ME) and La Sarre Mining (ME) have struck a deal with Cominco (TSE) to fund exploration on the former companies’ claims adjoining the past-producing Normetal coppe…
SMA fights hazards
The Saskatchewan Mining Association (SMA) has recently announced an environmental policy as it stresses the importance of its contribution to economic growth in the province. The policy, endorsed by a…
Gold funds as of Mar. 20
MVP BGR Central Capital Net value $12.35% %$6.15% $0.41 Price $10.875% %$6.50% $0.29 Discount 11.94% 5.7%5 29.3% Value $72,647,107 $103,530,859 N/A…
Tyranex Gold fears Rockford takeover
Management at Tyranex Gold (COATS) fears that an application made against them by Rockford Minerals (TSE) in the Supreme Court of Ontario will lead to a takeover by Rockford. The application has been …
Editorial Fiduciary incantation
It is highly unlikely that anyone involved in the Canadian mineral exploration business during the past few years has not heard of fiduciary duties. The term was made famous during the LAC-Corona laws…
Obituary Theo Parr
Theo Parr, retired vice-president and director of Ingersoll-Rand Canada, died in Cuernavaca, Mexico, March 7. He was 84. Throughout his career, Parr actively promoted the sale of indus0000,0600 trial …
Campbell turns a profit while expanding its Joe Mann mine
While in the midst of expanding its Joe Mann gold copper mine in Chibougamau, Que., Campbell Resources (TSE) earned a small profit for the year ended Dec. 31. In 1989, the Toronto-based affiliate of N…
Laverty to test gold zone near Red Lake
Results from a recently completed humus sampling program on a claim group near Red Lake, Ont., have revealed strongly anomalous gold values, says property owner Laverty Red Lake Resources (COATS). The…
PRODUCER PRICES (March 26, 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…