Modest results on Douay gold bet
Low gold assays have been reported by Societe d’Exploration Miniere Vior (ME) from four final drill holes on the Douay joint venture in northwestern Quebec. The project is 42% owned by operator Inco (…
Articles by Northern Miner Staff
Cominco to start $1.6 million program for Tulsequah Chief
Project operator Cominco (TSE) is gearing up for the start of its 1990 work program on the Tulsequah Chief volcanogenic massive sulphide project in northwestern British Columbia. A budget of $1.6 mill…
Juniors, seniors form exploration ventures
Relations between junior and senior mining companies in Ontario couldn’t be better this year, as demonstrated by the number of exploration joint ventures under way on dozens of properties across the p…
Parquet, Cache busy in Courville Twp.
Recent drilling by Cache Resources (ME) on Parquet Resources’ (ME) Courville Twp. property, 19 miles northeast of Val d’Or, Que., has confirmed the presence of significant gold values in a previously …
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…
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…