Articles by Northern Miner Staff


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…


Billiton drills Gold Pan bet

Junior Gold Pan Resources (VSE) announced that the first round of drilling was completed by Billiton Minerals at its Big 3/La Rae claims near Battle Mountain, Nev. According to Gold Pan, one hole retu…


Great Northern drills

Great Northern Gold (ASE) has started a $300,000 drill program on its Winteroad gold prospect in Garrison Twp., Ont. The company’s program will test two geophysical anomalies believed to represent the…


Alberta Stock Exchange Gallery shines

Gallery Gold Mines was the most active mining stock on the Alberta Stock Exchange during the week ended Feb. 6, moving up a penny on 433,800 shares traded. The company was unable to comment on the act…



Kingswood drilling Matheson gold bet

Economic gold mineralization has been encountered in a shallow drill hole at Kingswood Explorations’ (ASE) Devon property east of Matheson, Ont. The Devon claims, in Beatty Twp., are contiguous to the…


FUTURES PRICES (February 12, 1990)

N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Feb100.00 99.50 100.00 + 3.85 Mar 99.70 98.30 99.20 + 3.55 Apr 98.50 98.25 98.50 + 3.20 SILVER (in US cents per o…


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