Canadian gold mines keeping costs down
In terms of cash operating costs per oz, many Canadian gold mining companies still rank among the lowest cost producers in the non- communist world. According to Consolidated Goldfields’ Gold 1989 pub…
Articles by Northern Miner Staff
Homestake’s gold output up by 27%
Second-quarter earnings for Homestake Mining Co. (NYSE) increased 9% to $20.9 million (or 22 cents a share) from $19.2 million (or 19 cents a share) in the same period last year. The gain reflects a…
Alberta Stock Exchange New Texmont rises
Results from the Tully Twp. gold property near Timmins, Ont., drove up the prices of at least three of the Alberta companies who are participating in the project. However, even though project operator…
Hixon Gold enters Sask. diamond hunt
Calgary-based Hixon Gold Resources (VSE) has entered into an agreement with Waddy Lake Resources (TSE) and Shane Resources (VSE) to option claims near the Prince Albert, Sask., diamond claims. Hixon c…
People (July 31, 1989)
COMMODITY EXCHANGE INC. (COMEX) — Arnold F. Staloff appointed president and chief executive officer succeeding Alan J. Brody who has resigned.
Teck setting stage for possible Aur takeover
Teck Corp. (TSE) and Vancouver-based Cominco Ltd. (TSE) have purchased 19% of the issued common shares of Aur Resources (TSE) for $35.47 million and secured a foothold in Aur’s massive sulphide discov…
Alberta refuses to lift Shabu cease trading order
Shares of Shabu Gold Mines (ASE) cannot resume trading on the Alberta Stock Exchange until officers of the company file a new prospectus, the Alberta Securities Commission has ruled. After a 3-day hea…
Spot prices at a glance (July 31, 1989)
Week’s Price(US) Change Gold* $371.50 –$ 8.00 Silver*$ 5.21 –$ 0.01 Platinum* $492.00 –$ 7.50 Nickel** $ 5.87 +$ 0.25 Lead** $ 0 .31 –$ 0.01 Copper $ 1…
SouthernEra deal
SouthernEra Resources (TSE) has completed a private placement of 750,000 units at 25 cents per unit with SPNA Syndicate. Each unit consists of one common share and a half share purchase warrant. One …
Lord River program enhances potential
Some encouraging results have been reported by Lord River Gold Mines (VSE) from its Trout Creek property, 15 miles southeast of Carlin, Nev. Five holes totalling 2,280 ft were drilled in the central f…
Eastmaque Gold records net profit
Eastmaque Gold Mines (TSE) reported net earnings of $682,225 for the nine months ended March 31. A net loss of 1 cents per share was recorded because of accrued dividends on the 8% outstanding prefer…
NovaGold placement
NovaGold Resources (TSE) has completed a private placement of shares through Swiss Canada Capital. The company sold 750,000 shares at an undetermined price. The buyer was Pierre Besuchet, a Swiss-base…