Gold funds as of May 23 (May 29, 1989)
BGR Goldcorp Central MVP Capital Net value $11.53% 6.86% 6.14% 0.63% Price $9.25% 4.000% 5.375% 0.38% Discount $19.77% 41.7% 12.5% 39.7% Value …
Articles by Northern Miner Staff
Geologists to study Sudbury’s orebodies
Geologists from Laurentian University and the University of Toronto will use a $160,000 provincial grant to study the structural geology of the Sudbury Irruptive, a body of intrusive rocks related to …
Minerals Division of GAC awards Derry, Gross medals
The mineral deposits division of the Geological Association of Canada presented its two top awards during the association’s annual meeting held here during May. Gilles Allard, professor of geology at …
Chelsea private placement
Chelsea Resources (VSE) has completed negotiations for a private placement of 2.5 million common shares priced at 50 cents per share. Lufer Corp., a company controlled by a Chelsea director, will pur…
IOCC GOLD OPTIONS (May 29, 1989)
Options Open Series Volume Last Interest Aug 380 C * 576 5.50 513 Aug 390 C * 543 4.00 1,434 Aug 400 C * 362 2.30 2,574 Nov …
CANMET to license processing program
After 10 years of research, the Canada Centre for Mineral and Energy Technology (CANMET) is ready to license its new ore processing computer program. Computer Aided Mineral Processing (CAMP) will make…
Hanna’s profit increases 24% to 13.8 million
M. A. Hanna Co. (NYSE) saw its profit increase by 24% to $13.8 million(US) in the first quarter of this year from $11.1 million during the same period last year. Net income from operations was 54 cent…
Resource study centre appoints MacCulloch
Patrick MacCulloch has been appointed a distinguished visitor for 1989-90 at the Centre for Resource Studies (CRS) at Queen’s University in Kingston, Ont. Mr. MacCulloch, named “Man of the Year” by Th…
Newmont Gold steps up production
Gold sales were up substantially for Newmont Gold Company (NYSE) in the first quarter of 1989 as the company stepped up the pace of production to offset declining gold prices. During the period, the c…
Onitap sale approved
Shareholders of Onitap Resources (TSE) have approved the sale of the company’s Goldboro gold property in Nova Scotia to Exploration Orex (ME). Orex has already made its first payment of $500,000 and i…
Calpine plans $7-million program on Eskay Creek gold project in B.
The winter exploration program has been completed at the Eskay Creek project of Calpine Resources (VSE) and Consolidated Stikine Silver (VSE) in northern British Columbia. But a $7-million follow-up p…
RTZ Corp is world leader in mining
Earnings per share for Rio Tinto Zinc Corp. (RTZ) — the world’s largest and second most profitable mining company — are expected to grow 13% this year, according to broker Shearson Lehman Hutton Sec…