Gold price prompts gold loan paybacks
The rising price of gold has producers of the precious metal moving to pay off their gold loans, the effect of which may be to lend further strength to the metal’s price. One such producer is Giant Ye…
Articles by Northern Miner Staff
Dayton, Chevron drill
Dayton Developments Corp. (VSE) has started drilling on its Andacollo gold project in Chile. Held under option from Chevron Resources, the Andacollo deposit is being tested by a 50,000-ft drill progra…
Echo Bay Mines earnings lower
Third-quarter earnings were lower for Echo Bay Mines (TSE) despite increased gold and silver production from the company’s expanding mining operations in Nevada. The company had net earnings of $9.6 m…
Breakwater defers production decision on Estrades
A mining feasibility study has been completed by Wright Engineers on the Estrades gold-silver-zinc-copper deposit in northwestern Quebec. Project operator Breakwater Resources (TSE) has also deferred …
Drilling begins on Reymont’s claims near Nelson, B.C.
A 10,000-ft diamond drilling program has started on Reymont Gold Mines’ (ASE) Great Western Star copper-gold property near Nelson, B.C. The current exploration program will test at least five separate…
Sherritt Gordon adopting shareholders rights plan
Toronto-based Sherritt Gordon (TSE) has adopted a poison pill or shareholder rights plan to prevent itself from becoming the victim of a creeping takeover bid. While the company said it isn’t aware of…
Inco puts hefty price on Nor-Acme capital costs
A technical study for the Nor-Acme gold project, owned 100% by High River Gold Mines (TSE), was recently completed by Inco Gold, a unit of Inco Ltd. (TSE), in conjunction with Wright Engineers. The re…
Fairbanks reviewing proposal from major
With a written proposal in hand, Fairbanks Gold (VSE) is evaluating an offer by a major mining company for possible involvement in the company and its Alaskan mineral properties. Eric Friedland, pre…
Toronto Stock Exchange Indices (December 04, 1989)
1989 Nov 28 Nov 27 Nov 24 Nov 23 Nov 22 HIGH LOW Composite “300”3928.003930.703933.483915.773920.554037.833353.13 Metals & Minerals3353.313339.243342.523337.663351.963919.203207.50 Integrated mines…
Sikaman, partner plan placer gold project in Ghana
A joint venture agreement has been entered into between Sikaman Gold Resources (TSE) and ITM International for development of the former’s two placer gold mining concessions in Ghana, West Africa. ITM…
Toronto Stock Exchange LAC share volumes soar on takeover talk
Furious trading in the shares of LAC Minerals, fuelled by talk of a takeover, led the issue to the top of the most active list. Activity during three days ended Nov. 29, today, saw more than 7.6 milli…
Managing Canada’s Mines Mining has meant trael for Lawyers’
“Working in the mining industry has enabled me to travel widely, learn a foreign language (Spanish) and meet many interesting and unique people,” says V.E. Smith, operations manager of the Law0000,050…