Montreal site for aluminum symposium
The Metals Week Second Aluminum Symposium will be held Sept 25-26 in Montreal. Entitled “Facing the 90s,” the symposium will concentrate on the effect of the recent dramatic rise in aluminum prices. I…
Articles by Northern Miner Staff
Editorial Passing grades for environmental policy
The Mining Association of Canada gets a B for its new environmental policy unveiled at the association’s recent annual meeting in Ottawa. It gets good marks for effort, but somewhat less for content. …
Zinc Boosts Conwest’s earnings
Conwest Exploration (TSE) is dealing in a new commodity, president and chief executive officer John Lamacraft told shareholders at the annual meeting. “It’s called zoil, that’s zinc and oil, and it’s …
Dome Mountain back on track to production
Stalled for years by disputes, arbitrations, and lawsuits, the Dome Mountain gold project near Smithers, B.C., is back on track under the terms of a new joint venture agreement involving Teeshin Resou…
Scam artists peddle Barrick warrants
Police in Vancouver are attempting to locate a number of persons involved in a fraudulent scheme designed to hook U.S. shareholders of American Barrick Resources (TSE) into buying warrants at bargain …
Spot prices at a glance (June 05, 1989)
Price Week’s ($US) Change($) Gold* 363.50 + 1.00 Silver* 5.22 + 0.05 Platinum* 501.25 +15.00 Nickel** 5.85 + 0.25 Lead** 0.29 — 0.01 Copper 1.18 + …
Newfoundland mining show draws a crowd
Newfoundland’s first mining and mineral exploration show successfully drew a large crowd of exhibitors and mining industry delegates here recently. The exhibition, called Mineralex 89, brought togethe…
FINANCING (June 05, 1989)
VANCOUVER Commander Res — gross proceeds rec $245,000. Secret Pass Minerals — opt exerc on 100,000 @ 45 cents per sh. World Wise Res — 700,000 shs sold for gross $245,000. Moondust Ventures Inc. -…
North American Rare Metals 4 cents **
North American Rare Metals (ME) reported a net loss of $52,970 or 0.4 cents per share for the 6-month period ended Feb 28. In the same period last year the company reported a net loss of $108,544 or 1…
Placer Dome yet to prove that Lassie such a steal
A longtime shareholder of Lassie Red Lake Gold Mines (COATS) says that Placer Dome (TSE) got a bargain when it paid $225,000 to gain control of the Toronto company. Lassie Red Lake, whose sole asset i…
Callahan loss $1.2 million
Attributing the loss to lower revenues from the Galena silver mine in Idaho, ongoing problems at the Ropes gold mine in Michigan, and high exploration expenditures, Callahan Mining (NYSE) reported a l…
Beartrack mine will boost Canyon output to 50,000 oz
Development of the Beartrack deposit near Salmon, Idaho should boost Canyon Resources’ (NASDAQ) annual gold output to 50,000 oz beginning in 1991, Richard De Voto, president, says in the company’s ann…