Spot prices at a glance (January 07, 1990)
Week’s Price (US) Change Gold* $392.50 + $8.75 Silver* $4.16 + $0.01 Platinum*$416.25 – $3.50 Nickel** $3.78 – $0.08 Lead** $0.28 + $0.01 Copper- $1.19 + $0.06 Zinc $0.57 Courtesy of Scotiabank. Infor…
Articles by Northern Miner Staff
Inco puts out contract to eliminate mussels clogging water intake
Inco Ltd. has put out a contract to eliminate the millions of zebra mussels clogging water intake pipes at its Port Colborne refinery in Ontario. They interfere with regular operations at the plant. R…
Seven Mile High seeks partner
After a review of 1990 exploration results, partners Seven Mile High Group (VSE) and a unit of Inco (TSE) do not intend to carry out a second phase program on the North vein at the Vault gold property…
NEWS IN BRIEF Kerr shareholder
A minority shareholder of Kerr Addison Mines (TSE), the Ontario Municipal Employees Retirement Board, has increased its stake in Kerr to about 13.6% (about 2.4 million common shares) through the acqui…
Euro-Nevada buying Eskay Creek royalty
Toronto-based Euro-Nevada Mining (TSE) is purchasing a royalty in the Eskay Creek gold exploration project in northwestern British Columbia. Prime Resources Group (VSE) of Vancouver says it has agreed…
Gold King in black
After losing US$25,000 in the 1989 third quarter, Gold King Consolidated (VSE) reported a gain of 9.5US$39,000 for its 1990 third quarter ended Sept. 30. Revenues for the recent quarter increased to U…
Alberta Stock Exchange Eden Roc gets financing
Following the release of a new reserve estimate for its gold property in Ivory Coast, Eden Roc Mineral has managed to line up financing to develop the project. The Africa Growth Fund has agreed to inv…
Fund pledges US$2.5m for Marshall’s Ivory Coast bet
Marshall Minerals (ASE) and 67% owned subsidiary Eden Roc Minerals (ASE) have made some headway in their bid to finance construction of a heap leach gold mine on the Ivory Coast of West Africa. Accord…
Imperial breaking even
Net earnings for the quarter ended Sept. 30 put Imperial Metals (TSE) at the break-even point with a gain of $40,000 on revenues of $1.1 million. The company reported a loss of $165,000 for the six mo…
Ways to attract qualified recruits
Patrick MacCulloch will address the audience at a dinner sponsored by the Toronto branch of the Institute of Mining, Metallurgy and Petroleum, Jan. 24. Billed as a “students’ nite,” the meeting focuse…
Marine geologist given UNB chair
Larry Mayer, 38, a marine geologist, has been named the first holder of University of New Brunswick’s (UNB) newly created chair in ocean mapping. An associate professor of oceanography at Dalhousie Un…
INSIDER TRADING Teddy Bear exec. granted options
Teddy Bear Valley Mines (COATS) director Herbert Mendel has joined a small group of mining insiders who may benefit financially from any future developments at the Lightning zone gold discovery near M…