Spot prices at a glance (June 19, 1989)
Week’s Price (US) Change Gold* $361.60 –$13.90 Silver* $ 5.23 –$ 0.17 Platinum* $483.75 –$24.00 Nickel** $ 5.47 –$ 0.39 Lead** $ 0.31 –$ 0.01 Copper …
Articles by Northern Miner Staff
Mines coming to grips with stringent environmental regulations
It’s 1987 and in southwestern Newfoundland, the Hope Brook gold mine is getting under way. But before any surface blasting can be carried out, crews must ensure there are no caribou within a 550-yd ra…
Funding in place for McAdam test mill
Financing to fund construction of the Spud Valley test mill facilities on Vancouver Island has been arranged, McAdam Resources (TSE) reports. McAdam has entered into an agreement with associated compa…
Coeur d’Alene Mines produces gold too
Traditionally known as a silver mining company, Coeur d’Alene Mines Corp. (AMEX) is increasingly being perceived as a significant gold producer. Dennis Wheeler, president and chief executive officer o…
Hall of Fame nominations
The Canadian Mining Hall of Fame will induct eight new members early in 1990 to join the 12 members selected this year. The new members — four living and four deceased — will be honored at a dinner …
Montana boy makes good
From a speech by Frank Duval, President of Montana Reserves Co., at the Montana Mining Association’s centennial convention. Montana mining hit it big in the national press this year. Any of you get …
Atlanta management slate re-elected
Despite a hostile take-over attempt by a coalition of its two largest shareholders, Atlanta Gold Corp. (TSE) has retained its long-standing management team headed by President Olaf Tolpinrud. Results …
News in Brief (June 19, 1989)
The date for the separation of the seven million units issued last month by LAC Minerals (TSE) consisting of one common share and one-half warrant — 1989 series, will be June 19, the company reports….
McChip to drill Timmins gold bet
Additional diamond drilling is planned this year on a Timmins area gold property under option to McChip Resources (TSE) from Noranda Exploration. Under the terms of an option agreement, McChip has the…
Minority shareholders delay Falconbridge’s Raglan deal (June 19, 1989)
A small group of New Quebec Raglan Mines (TSE) shareholders is still holding out for a higher price on shares that Falconbridge Ltd. (TSE) is attempting to buy. While the Toronto-based nickel giant wo…
St. Genevieve buying Pamorex interest in bet
A letter of agreement has been signed between St. Genevieve Resources (TSE) and Pamorex Minerals (TSE) whereby St. Genevieve will acquire the 50% interest of the latter in the Granada property in Rouy…
IOCC GOLD OPTIONS (June 19, 1989)
Options Open Series Volume Last Interest Aug 370 C . 158 7.00 552 Aug 380 C . 999 4.00 1,792 Aug 390 C . 261 2.50 1,690 Aug 400 C . 167 1.50 2,570 Aug 420 C . 187 1.00 1,49…