News in Brief (August 28, 1989)
Blackdome Mining (TSE) has declared a special dividend of 42.5 cents on its common shares payable Aug 21 to shareholders of record Aug 4. The dividend is subject to an arrangement whereby the company …
Articles by Northern Miner Staff
COATS (over-the-counter) McNickel leads
Leading the week’s trading was McNickel Inc. with more than 200,000 shares changing hands. McNickel traded as high as $3.00 before closing at $2.65, off 25 cents from the week before. Three drills ar…
Corona, Prime swapping shares
Toronto-based Corona Corp. (TSE) and Murray Pezim’s west- coast Prime Resources (VSE) have agreed to swap shares. Prime will sell Corona 10 million Prime shares in exchange for two million A shares of…
Belmoral acquires claims at Gordon Lake
Belmoral Mines (TSE) has acquired 78,000 acres of claims near Gordon Lake, N.W.T., 110 km northeast of Yellowknife. Belmoral bought the claims from Central Capital Corp. for $225,000, 1,440,300 common…
PRODUCER PRICES Metal Prices (August 28, 1989)
ALUMINUM: MW U.S. Market US81.00 cents – 82.00 cents per lb. (Aug 17, 1989). ANTIMONY: New York dealer US90 cents -95 cents per lb. (Aug 10, 1989). BISMUTH: New York dealer $4.95-$5.10(US) per lb. (A…
Minago nickel project encourages Black Hawk
After acquiring 100% control of the Minago nickel deposit in northern Manitoba, Black Hawk Mining (TSE) is moving aggressively to develop the property. The Minago deposit, situated 140 miles south of …
U.S. gold output in 1989 to rise to 7.4 million oz
Primary, non-placer gold production in the United States in 1989 will total an estimated 7.4 million oz, up 1.7 million oz from 1988, research company Metals Economics Group of Halifax, N.S., reports….
FINANCING (August 28, 1989)
ONTARIO Canamax Res — final rec iss offer 850,000 @ $1.50 per sh to net $1,275,000 Firesand Res — final rec iss offer 2,400,000 @ 40 cents per sh to net $600,000 VANCOUVER Ravenroc — 1,500,000 off…
682 ft. 0.88 oz gold Calpine hole kickstarts VSE
Ongoing step-out drilling to test the northeastern strike extent of the 21 zone on the Eskay Creek property is continuing to return both spectacular and significant results. Located in the Unuk River …
Books (August 28, 1989)
Magmatic Sulfide Deposits by Anthony J. Naldrett, University of Toronto. Published by Oxford University Press. ISBN 0-19-505119-X, hardcover, $91(C). Contact: Oxford University Press, Canadian Branch …
Galactic turns tide on losses
With the Ridgeway mine in South Carolina continuing to exceed expectations, Galactic Resources (TSE) is reporting record gold production and record income from operation for its 1989 first half. Gold …
Mishibishu trio set to amalgamate
Three Vancouver companies with equal interests in a recent gold discovery west of Mishibishu Lake, Ont., are planning to amalgamate. The companies — Caribbean Resources (VSE), Exmar Resources (VSE), …