Metal Prices PRODUCER PRICES (January 08, 1990)
ALUMINUM: MW U.S. Market US72.50 cents – 74.00 cents per lb. (Dec 21, 1989). ANTIMONY: New York dealer US81 cents -84 cents per lb. (Nov 30, 1989). BISMUTH: New York dealer $4.40-$4.50(US) per lb. (D…
Articles by Northern Miner Staff
Noranda’s Bourlamaque bet optioned by Kingswood Exp.
Noranda Exploration, a unit of Toronto-based Noranda (TSE), is teaming up with Kingswood Explorations (ASE) to look for deep massive sulphides on a group of claims in Bourlamaque Twp., east of Val d’O…
Toronto Stock Exchange Fall below $400, weak gold prices spark
The deteriorating gold situation gained steam today, Jan. 3, as bullion prices collapsed below the critical US$400-mark to US$395 per oz. on the second London fix. After reaching a high of $418 just w…
Queenston, HSK merger approved (January 08, 1990)
The proposed merger of Queenston Gold Mines (TSE) and affiliate HSK Minerals (TSE) was approved by shareholders of both companies recently at a special meeting in Toronto. Trading on the Toronto Stock…
Winteroad, Northern deal
Great Northern Gold (ASE) has acquired an option to earn a 50% interest in a gold prospect owned by Winteroad Resources (COATS) in Garrison Twp., Ont. Under the terms of the agreement, Great Northern …
McAdam, Stoch in dispute over McWatters gold mine
A dispute has arisen between Toronto-based McAdam Resources (TSE) and Jack Stoch Geoconsultants over who owns the old McWatters gold mine near Rouyn- Noranda, Que. In October 1986, McAdam agreed to pa…
Festive meals and the varied uses of metals
During the recent festive season, I chanced to look around the kitchen in a different way and began to think of the myriad uses of metals in the preparation of food: the sinks, the spoons, the pans, e…
Newfoundland agrees to buy $20 million of Baie Verte’s debt
The government of Newfoundland has agreed to buy $20 million of the external debt of Baie Verte Mines, a wholly owned subsidiary of Cliff Resources (TSE), for 20 million redeemable preference shares. …
Montreal Exchange Trading slackens off
Investors seemed to have had their minds on other matters during the holiday season, with daily volumes ranging between a feeble 2.3 million and 3 million shares for the 4-day trading week ended Jan. …
Trimin, Cameco boost reserves
Drilling by partners Trimin Resources (TSE) and crown corporation Cameco on their McIlvenna Bay base metals property has expanded reserves by more than 40%. Based on an additional 18,912 ft. of drilli…
Second opinion on Eskay due soon
Shareholders of Calpine Resources (VSE) will soon have a second fairness opinion on the proposed merger between Calpine and Prime Resources (VSE). Calpine management retained Levesque Beaubien Geoffri…
RFC gaining confidence on Pend Oreille project
Underground drilling is meeting with success at the Pend Oreille zinc project, where a distinct zonal mineralizing trend has been identified, RFC Resource Finance (TSE) says. The project is in Washing…