Cassiar looks to exceptional year
With copper and asbestos prices at their highest levels in years, 1989 could well be another exceptional year for Cassiar Mining (TSE). Indeed, first-quarter earnings of $7.4 million or 40 cents per s…
Articles by Northern Miner Staff
Sikaman exploring Nevada claims
Options to retain a 100% interest in 125 claims in the Gilbert mining district of Nevada have been acquired by Sikaman Gold Resources (TSE). The claims are situated 20 miles north of Tonopah and were …
Moneta hits at Nahanni
Encouraging gold values have been assayed in a drill hole completed by Moneta Porcupine Mines (TSE) on property held under option from Nahanni Mines (TSE). The claim group straddles a section of the D…
Fortune Minerals to explore NWT claims
Three mineral properties in the Northwest Territories will be explored this summer by a new company called Fortune Minerals (COATS). The junior explorer recently completed an initial public offering a…
Flagship-Power deal
Flagship Resources (COATS) has sold a 26-claim property in the Beardmore-Geraldton area of Ontario to Power Explorations (TSE). The property, situated in Irwin and McComber Twps., was sold for 200,000…
Letters to the Editor Falconbridge offer “too low”: Raglan investor
Your reporting of Mr. Pugsley’s statement on New Quebec Raglan (N.M., April 10/89) was negative, probably truthful, yet poorly timed since it was just one week before Falconbridge made its offer to ac…
Budget blues for miners
The huge tax bite in last week’s federal budget has a bright side for the exploration industry, according to analysts at Clarkson Gordon, a Toronto chartered accountant firm. Investors may look to flo…
Toronto Stock Exchange Gold shares dive as bullion hits three-year
A stronger U.S. dollar and mounting signs that inflation is not about to take off, combined to clobber gold to a three year low of $376.50. Today’s London fix managed a small gain to $378.60. The gloo…
Record first quarter for American Barrick
Thanks to a lucrative hedging program and expanded gold production at seven North American mines, American Barrick Resources (TSE) achieved record earnings and cash flow during the first quarter of 19…
International program set by Placer Dome
An ambitious international program of new mine development is expected to translate into increased gold production and a lower average production cost for Placer Dome Inc. (TSE) in 1989. Earnings from…
Letters to the Editor Placer extraction error
We have found an error in your article entitled “Placer mines profitable despite unique problems” (N.M., Mar 27/89). You state that some 234 operations extracted 16,000 oz gold. This, in fact, should …
Metal Prices PRODUCER PRICES (May 08, 1989)
ALUMINUM: MW U.S. Market US99.00- $1.01 per lb. (Apr 27, 1989). ANTIMONY: New York dealer US95 cents -99 cents per lb. (Apr 27, 1989). BISMUTH: New York dealer $6.45-$6.60(US) per lb (Apr 27, 1989). …