Noranda buys 21.6% interest in Louvem
Noranda Minerals, a unit of Noranda (TSE), has increased its stake in the Louvicourt Twp. massive sulphide discovery by purchasing an additional 20,000 shares of Societe Miniere Louvem (TSE). Louvem i…
Articles by Northern Miner Staff
Gold funds as of Mar. 6
MVP BGR Central Capital Net value $12.20 $6.30 $0.42 Price $11.25 $6.75 $0.34 Discount 7.79% 7.1% 19% Value $72,659,489 $106,084,397 N/A…
Workers awarded shares of Inco
Nickel giant Inco recently awarded about 460,000 shares to 16,000 workers under the company’s employee share award program. Each worker was given 10 common shares and one additional share for each ful…
FUTURES PRICES (March 12, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Mar 123.50 119.20 120.25 + 8.35 Apr 117.50 117.50 117.35 + 8.45 May 117.40 114.25 115.35 + 8.60 SILVER (in US cen…
Strike at Doyon Mine ends
The strike at the Doyon Mine in northwestern Quebec has ended. Doyon is owned by equal partners LAC Minerals (TSE) and Cambior (TSE). The 380 hourly employees, who have been on strike since Feb. 4, vo…
PDAC environmental policy follows principles of MAC
The Prospectors and Developers Association (PDAC) recently released the following “environmental policy”: The PDAC is committed to the concept of sustainable development, which requires balancing the …
Platinum bars
The New York Mercantile Exchange (Nymex) may soon be adding platinum bars stamped with the hammer and sickle of the Soviet Union to its trading inventory. The Soviet agency responsible for exporting t…
Gibraltar earnings at 10-year high
Gibraltar Mines (TSE) reported its highest earnings since 1979 for the year ended Dec. 31. Net earnings for the year were $24.3 million on revenues of $104.7 million, compared with earnings of $8.3 mi…
Manitoba suffers slowdown in drilling activity, spending
Since the mid-1980s, Manitoba’s mineral exploration industry has been showing strong growth in activity and spending. As a consequence of increased exploration since 1986, four new mines were put into…
Huge porphyry gold-copper deposit Industry watching developments
Having drilled some 450 holes totalling in excess of 340,000 ft., no doubt remains that Continental Gold (VSE) has outlined a huge porphyry gold-copper deposit on the Mt. Milligan property over 100 mi…
Pamorex drilling yields positive results
Results from six drill holes completed on the Winnie Lake project near Kirkland Lake, Ont., have revealed interesting base metal values. In January, joint venture partners Pamorex Minerals (TSE) and T…
Princeton backs out of graphite
By mutual agreement, Princeton Mining (TSE) and Societe D’Exploration Mazarin (ME) have ended negotiations toward an agreement that would have seen Princeton acquire a 50% interest in the Lac Knife gr…