Minnova resumes drilling at Chu Chua
As part of a regional effort to secure additional feed for its 70%-owned Samatosum mill, Minnova Inc. (TSE) has resumed drilling on the Chu Chua volcanogenic massive sulphide deposit north of Kamloops…
Articles by Northern Miner Staff
Viceroy delays frustrating (June 12, 1989)
It’s been a long haul obtaining permits for Viceroy Resource Corp.’s (TSE) Castle Mountain project which was supposed to be in production over a year ago. California isn’t the easiest place to permit …
Spot prices at a glance (June 12, 1989)
Week’s Price (US) Change Gold* $375.50 $12.00 Silver* $ 5.40 +$ 0.18 Platinum* $507.75 +$ 6.50 Nickel** $ 5.86 +$ 0.01 Lead** $ 0.32 +$ 0…
CoCa acquisition precursor to higher gold production
Recognition in the gold mining industry is usually a function of how many ounces you produce. So the recent purchase by CoCa Mines (NASDAQ) of Geodome Resources is an important acquisition for the com…
Gold funds as of May 23 (June 05, 1989)
BGR Goldcorp Central MVP Capital Net value $11.42 % $ 6.89 % $ 6.06 % $ 0.61% Price $9.625 % $ 3.95% $ 5.38% $ 0.35% Discount $15.72% 42.7 % …
Alberta Stock Exchange Prices, volumes low
Although gold recovered slightly this week from its recent malaise, concerns about the strength of the U.S. dollar kept volumes low and prices down. Moss Resources President Harry Hodge said he would …
Bidger to build gold mine in Chili
A Chilean firm has been contracted to build a 200 ton-per-day mine and mill complex for Bridger Resources’ (VSE) on the company’s La Pepa gold property in Chile. Vancouver-based Bridger recently signe…
Eagle River Hemlo’s future `cornerstone’
The fast-developing Mishibishu gold camp, 32 miles west of here, is expected to make a significant contribution to Hemlo Gold Mines’ (TSE) investment objective of doubling its revenues within the next…
Metal Prices PRODUCER PRICES (June 05, 1989)
ALUMINUM: MW U.S. Market US94.50 cents – 98.50 cents per lb. (May 25, 1989). ANTIMONY: New York dealer US95 cents -99 cents per lb. (Apr 27, 1989). BISMUTH: New York dealer $6.30-$6.45(US) per lb (Ma…
Commodity price index in 3-month decline
The all-commodity price index of Scotiabank fell by 1.3% in April, the third straight monthly decline. A sharp drop in industrial metal prices contributed to the fall. Economist Patricia Mohr writes t…
Crofoot mine production boosts Granges earnings
Granges Exploration (TSE) reported net income of $655,000 in the first quarter, compared to a $250,000 loss for the same period a year earlier. The latest results included gold production from the com…
New study planned on state mining taxes
A new study is planned to look at the impact of state taxes on the mining industry. “State tax structure is an important factor in determining whether or not a mine project is economically attractive,…