Drilling starts at Hyland
Drilling has started at the Hyland Gold property, 44 miles northeast of Watson Lake, Y.T. The property is a joint venture operated and 40% owned by Silverquest Resources (VSE) with the remaining 60% s…
Articles by Northern Miner Staff
Letters to the Editor Sharing finds with tax men
I would like to say how much I enjoyed your 75th-year anniversary issue. I especially enjoyed Noble Harbinson’s comments regarding the cancellation years ago of the 3-year tax-free period for new mine…
Toronto Stock Exchange Volumes light as investors await clearer
Confused investors opted to remain on the sidelines today, March 21, as they waited for more definite signs of what the immediate future holds for the economy. As a result, volumes were generally low …
LAC to focus exploration on Stewart area
A high priority is being placed on exploration this year by LAC Minerals (TSE) as the company gears up to focus on several high priority gold projects including the Red Mountain discovery near Stewart…
Lower gold, silver prices hurt FMC Gold’s revenue, earnings
A drop in gold and silver prices as well as increased production costs hurt year-end earnings for FMC Gold (NYSE). The company reported earnings for the year ended Dec. 31 of US$48.9 million on revenu…
WAMIC fashion show a big success
The first fashion show ever held at Toronto’s Skydome took place at Windows restaurant recently. This show was part of the Women’s program of the Prospectors and Developers Association of Canada’s ann…
Letters to the Editor Miner ignores changing times
I am amazed by your editorial “Focus on Canada’s potential” (T.N.M., March 19/90). Your criticism of the Prospectors and Developers Association of Canada is uncalled for. First, you ignore what is obv…
Liberian Iron Ore receives $30.5 million
An aggregate of US$30,562,651 has been received by Liberian Iron Ore (TSE) from Liberian American- Swedish Minerals (LAMCO), a subsidiary of LIO. The decision to transfer the money was made after the …
South Atlantic completes financing
Production financing has been finalized for the Oracle Ridge project owned by South Atlantic Ventures (VSE). Total funding for the project is estimated at US$6 million for mill construction plus US$1 …
FREE MARKET (March 26, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar. 20 Mar. 19 Mar. 16 Mar. 15 Mar. 14 Copper 1652-1654 1650-1652 1668-1670 1676-16…
FUTURES PRICES (March 26, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Mar 129.10 127.50 128.00 + 9.00 Apr 122.90 121.50 121.30 + 6.15 May 119.00 116.70 117.30 + 4.60 SILVER (in US cen…
Franco executes private placement
Franco-Nevada Mining (TSE), which holds a royalty interest in American Barrick Resources’ (TSE) Nevada-based Goldstrike mine, recently completed a private placement of 500,000 special warrants. Exerci…