Noranda details pursuit of Kidd Creek
Purchase of an interest in the Kidd Creek operation of Falconbridge Ltd. (TSE) was pursued by Noranda Inc. (TSE) between December, 1988, and April of this year. Details of the dealings are contained i…
Articles by Northern Miner Staff
U.S. News in Brief (August 28, 1989)
Asarco Inc. has declared a regular quarterly dividend on the common stock of 40 cents (US) per share payable Sept 1 to shareholders of record Aug 7. Asarco increased its quarterly dividend in April af…
Laclustre golds take shine off mining sector
Following several weeks of busy trading in a number of blue chip mining issues on the Toronto Stock Exchange, gold shares drifted lower along with lacklustre bullion prices this week. Solid strength i…
LAC in solid shape despite loss of Williams mine
Most mining companies would have been crippled by the loss of a gold property the size of the Williams mine at Hemlo in northern Ontario. In the case of LAC Minerals (TSE), the company appears to have…
Editorial Unuk river might cure the ailing VSE
It’s a drill hole that rivals some of the big ones from Nevada’s Carlin area: 682 ft averaging 0.875 oz gold and 0.97 oz silver per ton plus 1.12% lead and 2.26% zinc. Of course that’s just one hole…
Supply-demand balance for base metals expected to continue
It has been a quiet summer of trading, as expected, on the metals markets, with trading volumes off compared with earlier in the year and price movements relatively small. Adding some spice to the sum…
Bay Resources buys into Foratek Int.
St. Genevieve Resources (TSE) and its subsidiary Bay Resources (ASE) have reached an agreement in principle for Bay to purchase 750,000 shares of Foratek International Ltd. (ME) for $600,000. Bay, whi…
Encouraging results by Orofino, Canuc
Completion of a 20-hole summer drilling program representing 5,733 ft at the Coronation Gulf gold project in the Northwest Territories was recently reported by Orofino Resources (TSE). Seventeen holes…
IOCC GOLD OPTIONS (August 28, 1989)
Options Open Series Volume Last Interest Aug 370 C 183 0.10 Nov 440 C 135 0.50 715 Nov 380 C 134 8.00 2,481 Nov 390 C 127 5.50 2,159 Nov 400 C 63 2.50 …
Historic plaque tuide
History buffs will be interested in a new publication listing the more than 1,000 historical plaques in Ontario. Many of the plaques deal with the province’s rich mining heritage. Examples include a p…
Vancouver Stock Exchange Pezim revives beleaguered VSE
With the help of some spectacular assay results from the Eskay Creek gold project in northwestern British Columbia, Vancouver’s irrepressible Murray Pezim is credited with being a one man revival band…
FUTURES PRICES (August 28, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Aug125.70 125.30 125.15 + 3.30 Sep126.20 124.20 125.35 + 3.85 Dec122.20 120.80 121.85…