Articles by Northern Miner Staff

Strike at Doyon

The 380 hourly workers at the Doyon gold mine in northwestern Quebec recently went on strike. Joint owners of the mine are LAC Minerals (TSE) and Cambior (TSE). The mine, a former open pit operation w…



Breakwater to acquire American Pacific

Management of Breakwater Resources (TSE) and American Pacific Mining (TSE) have agreed in principle to a plan that will see Breakwater acquire all the issued and outstanding shares of American Pacific…


Spot prices at a glance (February 12, 1990)

Week’s Price (US) Change Gold*$419.90+$ 2.35 Silver*$ 5.30+$ 0.09 Platinum*$509.80–$ 0.55 Nickel**$ 2.78+$ 0.06 Lead**$ 0.33+$ 0.01 Copper$ 1.02+$ 0.02 Zinc$ 0.60+$ 0.02 Courtesy of Scotiabank. Infor…


Gold funds as of Feb. 6

MVP BGR Central Capital Net value$12.48 $6.41 $0.44 Price$11.625 $6.75 $0.37 Discount 6.85% 5.3% 19% Value$74,332,312 $107,879,217 N/A…




Higher earnings but lower profit for LAC in ’89

Net earnings of US$30.5 million (31 cents per share) for 1989 on revenues of US$186 million were reported by LAC Minerals (TSE), compared with earnings of US$38.4 million (42 cents per share) in 1988 …


Board, business changes at Acadia

Shareholders of Acadia Mineral Ventures (TSE) have elected a new board of directors. Fewer than 19% of the eligible shares were voted. Recently elected at the company’s annual meeting at the National …


Louvicourt drilling intersects sulphides

A 48-metre core intersection of massive and disseminated sulphide has been pulled by Louvicourt Gold Mines (COATS) on the northern portion of company property near Val d’Or, Que. Louvicourt, 58% owned…


Regal Goldfields options graphite claims from Brex

Regal Goldfields (COATS) has entered into an option agreement with Exploration Brex (ME) to earn a 51% interest in the latter company’s Duhamel graphite property, about 65 miles northeast of Ottawa. T…


Sherritt’s profit hurt

Although it managed to secure new feed for its nickel refinery in Fort Saskatchewan, Alta., Sherritt Gordon (TSE) has been hit hard by falling base metal prices. The Toronto-based company’s 1989 net e…


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