Terra Mines to lose major asset
Future production at the Amelia mine in Mexico may be stalled due to financing difficulties reported by the mines’ major controller, Terra Mines (TSE). Payments required by the mineral rights purchase…
Articles by Northern Miner Staff
ATLANTIC REPORT Technology highlighted at Halifax session
A Wall Street bankruptcy could slow financing for a Nova Scotia coal project. Drexel Burnham Lambert was in the process of floating a junk bond issue for Curragh Resources of Toronto when it filed for…
Societe Miniere Louvem declares dividend
Societe Miniere Louvem (TSE) says that under an arrangement approved before Christmas, it will pay out a 0.935 cents dividend to preferred shareholders of record on Feb. 26. The arrangement between ma…
Becker, Banting still busy after decades in business
At an age when most of their contemporaries are living off their pensions, Todson Becker, 80, and partner Howard Banting, 72, are still doing deals and making a living from the exploration business. F…
Black Gregor busy
Shares of Black Gregor fell from a weekly high of 51cents to close at 40cents for the week ended Feb. 27. Active on the week, the company traded 126,000 shares. Black Gregor has been drilling a series…
Race for gold in Timmins
The Great Porcupine Gold Rush Triathlon, sponsored by Pamorex Minerals Inc., will be held July 29 in Timmins, Ont., to retrace the original route of prospectors who discovered the large northern Ontar…
Montreal Exchange Aur drill results
After a 4-month drilling period during which five holes successfully cut the Aur horizon of the Louvicourt project in northwestern Quebec, Aur Resources and Societe Miniere Louvem reported their large…
PRODUCER PRICES (March 05, 1990)
ALUMINUM: MW U.S. Market US65.00- 67.00cents per lb. (Feb. 15, 1990). ANTIMONY: New York dealer US84-86cents per lb. (Feb. 15, 1990). BISMUTH: New York dealer US$4.30-4.40 per lb. (Feb. 8, 1990). CADM…
News in Brief (March 05, 1990)
Transglobe Resources (VSE) has changed its transfer agent to Montreal Trust Co.
Douay drilling doesn’t match earlier results
Results from two drill holes on the Douay property in northwestern Quebec failed to match results from the discovery hole announced two weeks ago. Inco (TSE), the operator, says hole 84610, which was …
Crown’s next mine could transform town
About 50 miles northeast of Republic, Wash., the up-and-coming mining town of Chesaw looks like the suitable backdrop for a wild west movie. The town is likely to change, however, as Crown Resources (…
IOCC GOLD OPTIONS (March 05, 1990)
Options Open Series Volume Last Interest May 390 C 203 30.00 404 May 430 C 229 6.50 1,354 May 440 C 405 5.50 1,679 May 450 C 491 3.50 354 Aug. 400 C 246 31.50 354 Aug. 420 C 270 19.50 724 Aug. 430 C 1…