New LME tin contract to start in June
The London Metal Exchange (LME) will begin trading in a new tin contract June 1. LME Chief Executive Michael Brown said a decision to resume tin trading after more than three years was made by the exc…
Articles by Northern Miner Staff
Ekaton feasibility due
A technical and financial feasibility study for a kaolin production facility is expected to be completed by the end of April, Ekaton Industries (TSE) says. The company anticipates plant construction b…
Agnico expects to suspend silver production in June
Unless the price of silver increases dramatically from its recent trading price of $5.80(US) per oz, Agnico-Eagle Mines (TSE) plans to suspend silver production in June. After shutting down its three …
Editorial The right to mine
The following is from a presentation on mining law in Canada by Reginald Tays, property manager at Falconbridge Ltd. Most prospectors have always felt that if they acquired title to a mining claim, …
Dofasco ups stake in Quebec Cartier
Hamilton-based steelmaker Dofasco Inc. (TSE) says it has agreed to purchase the remaining 75% interest in Quebec Cartier Mining Co. from USX Holdings of New York for an undisclosed sum. Last month, Do…
Higher cost won;t stop Golden Bear
Although capital costs have almost doubled to $70 million since the initial feasibility study, North American Metals (VSE) and Chevron Minerals will proceed with the development of their Golden Bear p…
Metal Prices FUTURES PRICES (April 24, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Apr143.25 142.00 142.80 + 1.80 May141.10 139.10 140.90 + 0.90 Jul133.50 131.50 …
Northgate has banker image after 1988 spending spree
Although it is still listed as a Canadian mining company, Toronto-based Northgate Exploration (TSE) looked more like an investment banking firm in 1988. By investing more than $134.6 million in 12 Nor…
Diepdaume financing for Timmins projects
Toronto-based Diepdaume Mines Ltd. (VSE) proposes to issue 500,000 units representing one million flow-through shares (one unit two shares) at 60 cents per unit, provided it gets approval from all app…
Forbex to drill Poirier
Forbex Mining Resources (ME) is planning an exploration program on the former producing Poirier zinc-copper mine near Joutel, Que. The program is part of Forbex’s option agreement to earn a 50% intere…
Gold funds as of April 18
BGR Goldcorp Central MVP Capital Net value$12.05 % 9.08% 6.51% 0.70 Price$ 9.50 % 4.80 % 5.88% 0.45 Discount$21.16% 47.1 % 9.8% 35.7% Value$71,752,706.16 159,253,000 …
Total moves into Idaho
Total Energold Corp. (TSE) has acquired the Gold Star project near Salmon, Idaho. The claims are 15 miles northeast of the Beartrack gold deposit controlled by Meridian Minerals. The Beartrack deposit…