Jonpol deepens shaft
An exploration shaft on Jonpol Explorations (TSE) and T&H Resources’ (TSE) joint venture property in Garrison Twp., Ont., will be deepened to 680 ft. from 500 ft., the companies say. Jonpol has arrang…
Articles by Northern Miner Staff
More production cuts by Inco
Further production changes aimed at reducing costs have been announced by nickel producer Inco (TSE). As of March 1, the lowest-grade, highest-cost mine in the company’s Ontario division, Creighton No…
Newmont’s 1989 income down despite increase in sales
Denver-based Newmont Mining (NYSE) reported unaudited net income of US$123.9 million, or US$1.84 a share, for the year ended Dec. 31, compared with US$174.9 million, or US$2.60 a share, in 1988. Newmo…
Spot prices at a glance (February 26, 1990)
Week’s Price (US) Change Gold* $420.60 +$ 4.60 Silver* $ 5.34 +$ 0.05 Platinum* $531.15 +$15.05 Nickel** $3.28 +$ 0.13 Lead** $0.38 +$ 0.03 Copper-$ 1.10 +$ 0.05 Zinc $0.65 +$ 0.03 Courtesy of Scotiab…
U.S. Report Nevada mining ventures not restricted to majors
It is easy to get the mistaken impression that small to mid-sized companies, stacked alongside giants like Newmont Mining (NYSE) and American Barrick Resources (TSE), aren’t playing much of a role in …
Pegasus breaks records
Record production, revenues, and cash flow were reported by Pegasus Gold (TSE) for the year ended Dec. 31. Pegasus produced 341,400 oz. of gold for revenues of US$178.4 million and cash flow of US$59….
Goldteck drilling placer bet in Chile
Drilling of 353 holes in an on-going program of placer gold exploration in central Chile has been completed by Goldteck Mines (TSE). The company reports 40% of the holes were gold-bearing. One of the …
Uranium Institute holds symposium in September
The Uranium Institute’s 15th annual symposium will be held in London, England, Sept. 5-7. Topics include nuclear electricity costs, the environmental imperative for energy supply, recycling nuclear fu…
GAC/MAC plan trip to Kyushu, Japan
The Geological Association of Canada (GAC) and the Mineralogical Association of Canada (MAC) are seeking 15 people to spend nine days on the island of Kyushu in Japan this May. The trip will concentra…
CSA buying shares
CSA Management Ltd. says, subject to TSE approval and appropriate filings being made, it intends to make a normal course issuer bid for up to 192,312 A non-voting shares, or about 10% of the public fl…
Toronto Stock Exchange Indices (February 26, 1990)
3692.253734.763731.683732.743750.384009.473692.25 Metals & Minerals 2981.503037.473029.973017.932972.353453.052933.48 Integrated mines 3106.483173.703162.113143.693091.393173.703106.48 Metal mines 273…
Amax Gold blames Nevada taxes for 1989 cost hike
Although its average production costs rose significantly in 1989, Amax Gold (TSE) can still extract an ounce of gold from the ground for less than most of its North American competitors. The Colorado-…