Breakwater issues flow-through shares
Flow-through shares with a value of up to $1 million will be issued by Breakwater Resources (TSE) to CMP 1990 Resource Partnership, at a negotiated premium to the average market price of Breakwater sh…
Articles by Northern Miner Staff
Golden Pacific commences exploration
Exploration and development have commenced on the Penon Blanco property in Mariposa and Tuolomne counties, Calif. Owner Golden Pacific Resources (ASE) is currently engaged in line cutting, geological …
Spot prices at a glance (March 12, 1990)
Week’s Price (US) Change Gold* $402.60 $ 6.50 Silver* $ 5.14 +$ 0.02 Platinum* $508.55 –$ 2.95 Nickel** $ 3.96 +$ 0.54 Lead** $ 0.45 +$ 0.06 Copper $ 1.18 +$ 0.07 Zinc $ 0.72 +$ 0.03 Courtesy of Scot…
Timmins Nickel producing again
Junior nickel miner Timmins Nickel (TSE) has resumed production and is increasing output at its 51% owned Redstone mine near Timmins, Ont. The company says it will return to an annual production rate …
US$9.3 million budget for Fort Knox
The development of the Fort Knox property, near Fairbanks, Alaska, is scheduled to resume May 1. Fairbanks Gold (VSE), 51% owner of the property and the project operator, plans to spend US$9.3 million…
Audrey planning an offer for Asamera Min. assets
Polymetallic miner Audrey Resources (TSE), based in Rouyn- Noranda, Que., is hoping to pick up where Corona left off by making a takeover offer for the Canadian and U.S. mineral assets of Asamera Mine…
Gold production up at Malartic Hygrade
With mill construction at its Congress gold mine under way, Malartic Hygrade Gold Mines (VSE) is looking forward to becoming a much larger gold producer. In 1989, output from a number of Malartic’s Va…
Equity earnings more than double
Increased sales volumes of gold and silver plus lower production costs more than doubled earnings for Vancouver-based Equity Silver Mines (TSE). Net earnings for the year ended Dec. 31 were $20.6 mill…
Grade improving at depth on Astoria gold project
Impressive gold grades are being confirmed by recent underground exploration work on Belmoral Mines (TSE) and Yorbeau Resources’ (TSE) Astoria gold project, three miles south of here. The companies ha…
NO HEADLINE (March 12, 1990)
TEXT: About to enter production is the newest of Canada’s northern mines, the ambitious Colomac gold project of ABM Gold (AMEX), which is 50% owned by Northgate Exploration (TSE). The mine is located…
Noranda hits on Teddy Bear bear
The Lightning gold zone in Harker and Holloway twps., 40 miles east of Matheson Ont., has yielded more good assays in six of 11 deep holes completed recently by partners Noranda (TSE), Freewest Resour…
Five luminaries garner PDAC awards
Jim Gill and Howard Stockford are among the mining executives whose accomplishments are being recognized this year at the Prospectors and Developers Association’s annual convention in Toronto this wee…