Goldteck positive on several projects
Junior Goldteck Mines (TSE) could have two projects, one in Chile and the other in Nevada, in operation next year and a third, in northern Ontario, well on its way to production. The company recently …
Articles by Northern Miner Staff
Guinness drilling tin prospect next to East Kemptville Mine
Two diamond drills are scheduled to start turning this week on a tin prospect in southwestern Nova Scotia. The ground being investigated covers the contact between granitoids of the South Mountain bat…
St. Genevieve income
Montreal based St. Genevieve Resources (TSE) reported a 9-month net income of about $1.3 million (3 cents per share), compared to a loss of $2.9 million (20 cents per share) for the same period in 1…
Editorial Getting information
The rules about insider trading were made so that directors, officers and others close to a company would not benefit from information to which the general public does not have access. It is a worthy …
Six gold mines close, six open while gold slumps
A year-long slump in the price of gold bullion has forced at least four Canadian gold mines to suspend operations during the past six months, while a similar number of new mines have come on stream ov…
Corona supports Goldbelt
Gold producer Corona Corp. (TSE) is planning to invest $1.21 million in Goldbelt Mines (VSE), a junior company controlled by Mike Muzylowski and Douglas McRae. According to Goldbelt, Corona is making …
Miniere du Nord drills new targets
New targets on its No 1, 2 and 3 Lozeau Twp. claims east of Matagami, Que., are undergoing drilling, Explorations Minieres du Nord (ME) reports. President Jean-Jacques Martel reports the drilling foll…
Cassiar reorganization gets nod
Shareholders of Cassiar Mining (TSE) voted overwhelmingly in favor of a reorganization to make one of its subsidiaries the parent of the Cassiar group of companies. Although the transaction is still s…
FUTURES PRICES Metal Prices (November 13, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Nov– — 113.85 — 2.10 Dec115.00 114.30 114.35 — 3.90 Jan114.00 113.70 112.15 …
Minera Rayrock increases reserves at Chilean deposit
Drilling by Minera Rayrock (TSE) has added another two million tons of reserves to the company’s Ivan copper deposit in Chile. Reserves have been recalculated to 5.8 million tons grading 2.4% copper. …
Conference set for workers compensation
The third annual conference on Workers’ Compensation, sponsored by the Employers Council on Workers’ Compensation, will be held at the Metro Toronto Convention Centre Nov 29. The conference will begin…
Metal Prices (November 13, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Nov 7 Nov 6 Nov 3 Nov 2 Nov 1 Copper 1662-16…