Costigan set to drill New Brunswick claims
Toronto-based Costigan Gold (COATS) is undergoing a reorganization which will see the company raise $300,000 through a private placement. The funds will be used to conduct a diamond drilling program o…
Articles by Northern Miner Staff
Toronto Stock Exchange Indices (December 11, 1989)
1989 Dec 5 Dec 4 Dec 1 Nov 30 Nov 29 HIGH LOW Composite “300” 3939.84 3952.66 3958.65 3942.77 3946.65 4037.83 3353.13 Metals & Minerals 3369.31 3366.52 3357.11 3353.24 …
VSE orders new study for Calpine/Prime merger
The Vancouver Stock Exchange has requested officials of Prime Resources (VSE) and Calpine Resources (VSE) to provide shareholders with a new valuation opinion for the proposed merger between the two c…
Metal Prices (December 11, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Dec 5 Dec 4 Dec 1 Nov 30 Nov 29 Copper 1517-1519 1…
Spot prices at a glance (December 11, 1989)
Week’s Price (US) Change Gold* $402.05 –$ 8.70 Silver* $ 5.54 –$ 0.07 Platinum* $498.75 –$16.60 Nickel** $ 3.92 –$ 0.25 Lead** …
Thunderwood/Greenstone to drill base metal property in Quebec
Joint venture partners Thunderwood Resources (TSE) and Greenstone Resources (TSE) are planning a $600,000 exploration program this winter on their Scott Lake zinc-copper property near Chibougamau, Que…
Westminer to start Gays River mill
Zinc and lead production is scheduled to begin in January, 1990, from the Gays River project owned by Westminer Canada, the 100% owned affiliate of Western Mining, an Australian mining company. The st…
Toronto Stock Exchange Gold shares rebound after bout of profit-
Gold bullion prices went on a rollercoaster ride this week but managed to stay above the psychologically important $400(US) mark. Today’s second fix today, Dec 6, was $402.85 in London. The bout of vo…
Placer Dome eyes gold project in Tanzania
An advanced gold project in northern Tanzania, East Africa, has caught the eye of Placer Dome (Kahama), a wholly owned subsidiary of Placer Dome (TSE). The Placer Dome subsidiary recently signed an ag…
Correction (December 11, 1989)
A tailings treatment project of Giant Yellowknife Mines (TSE) identified (N.M., Dec 4/89) as being in Timmins, Ont., and operating at a breakeven level during the first nine months of 1989 was incorre…
Cominco copper deal
Cominco Resources International (TSE) and parent company Cominco Ltd. (TSE) have signed a definitive agreement with ENAMI, a Chilean company, for the development of the Quebrada Blanca copper deposit …
Gold output up at Sonora’s Jamestown
Some of the operating problems experienced by Sonora Gold (TSE) at its Jamestown gold mine in California appear to have been overcome, as evidenced in the company’s recent third-quarter report. Produc…