News in Brief – Dividends (August 21, 1989)
Hudson Bay Mining and Smelting Co. Ltd. (TSE) has declared a 7 cents dividend on its common shares for the two quarters ended Sept 30, payable Sept 15 to shareholders of record Aug 15. The company has…
Articles by Northern Miner Staff
letters to the Editor Paymaster sparked concern for safety
Having read articles in The Northern Miner as to the Paymaster disaster when 16 miners plunged to their deaths when a cable broke and the safety dogs failed, I notice that various dates have been stat…
Westmin discovers new massive sulphide zone at Myra Falls
Recent exploration drilling by Westmin Resources (TSE) intersected significant thicknesses of massive sulphide mineralization in a new zone at the company’s Myra Falls mine property near Campbell Rive…
Metal Prices PRODUCER PRICES (August 21, 1989)
ALUMINUM: MW U.S. Market US82.00 cents – 83.50 cents per lb. (Aug 3, 1989). ANTIMONY: New York dealer 95 cents -$1.00(US) per lb. (July 20, 1989). BISMUTH: New York dealer $5.45-$5.50(US) per lb. (Aug…
FINANCING (August 21, 1989)
VANCOUVER Couverden Point Res — gross proceeds rec $315,000 Ecstall Mng — 500,000 sold for gross $225,000 Goldnev Res — 2,600,000 sold for gross $2,730,000 Marina Expls — sold for gross $227,500 B…
Tunnelling symposium
An international symposium on tunneling and underground space development is set for Tokyo on April 9-12, 1990. The symposium will cover topics such as developing underground resources, technology, eq…
News in Brief (August 21, 1989)
Liberian Iron Ore Ltd. (TSE) has announced that mining has stopped at its 37.5%-owned LAMCO joint venture mine in Yekepa, Liberia. Ore processing and shipping will continue until late 1989 from the or…
Asquith plans to drill Shiningtree gold properties
Toronto-based Asquith Resources (COATS) plans to carry out a $250,000 exploration program on its 72-claim gold property in the Shining Tree area of northern Ontario. Drilling is scheduled on the forme…
Beaufield drilling (August 21, 1989)
Falconbridge Ltd. (TSE) and Beaufield Resources (TSE) have started another drill program on their East Rouleau gold project near Lac Berry, Que. The drill program will test targets identified by groun…
Black Hawk drilling Minago nickel bet
Toronto-based Black Hawk Mining (TSE) has started a 10,000-ft diamond drilling program on the Minago nickel property near Wabowden, Man. The company recently bought a 100% interest in the property fro…
FUTURES PRICES (August 21, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Aug121.85 121.85 121.85 + 11.15 Sep122.50 118.80 121.50 + 11.40 Dec119.60 116.30 11…
Gold funds as of August 15
MPV BGR Central Capital Net value$11.78 $ 5.89 $0.57 Price$10.375 $ 5.88 $0.36 Discount 11.93% .3% 36.8% Value$70,145,045.73 $99,142,913 N/A…