Teck takes position in Redfern Resources
While emphasizing that it’s not a proxy for Cominco Ltd. (TSE), Teck Corp. (TSE), Cominco’s largest corporate shareholder, has taken a small but significant position in Redfern Resources (VSE). Subjec…
Articles by Northern Miner Staff
Placer Dome’s Dona Lake close to full production
Placer Dome’s (TSE) Dona Lake gold mine near Pickle Lake, Ont., is nearing full production capacity with an official opening scheduled for early this summer. Three gold bars have been poured at the …
Lawyers operating despite strike
A number of unionized workers employed at the Lawyers gold-silver mine in the Toodoggone region of northwestern British Columbia have walked off the job. Despite the legal strike, Paul Girard, preside…
Metal Prices FUTURES PRICES (April 17, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Apr144.20 141.00 141.00 + 12.70 May143.90 139.35 140.00 + 11.80 Jul135.70 132.30 13…
Books in review
A book tracing the history of the Quebec mineral industry from its beginnings to the present, titled Des mines et des hommes, was recently published. “It’s the first time such a complete and detailed …
INSIDER TRADES (April 17, 1989)
Atlantis — M. Hogarth bought 700,000 (Dec., private) @ $1.10 to hold 870,000. Black Cliff — N. Kacira bought 248,416 (Mar., private) @27 cents , exercised 391,433 rights @ 36 cents -48 cents , sold …
Gold funds as of April 11
BGR Goldcorp Central MVP Capital Net value $12.03 8.95 6.46 0.72 Price $9.125 5.125 5.62 0.49 Discount $24.15 42.7 12.9 32 Value …
Gunsteel, Nu-Dawn work out innovative milling deal
Raising money to bring a small gold mine into production is no easy task for junior mining companies these days, which may account for the innovative arrangement worked out by Gunsteel Resources (VSE)…
News in Brief (April 17, 1989)
Cambria Resources has changed its name to On Wah Investments Corp. (ONW:VSE) on a share for share basis.
Spot prices at a glance (April 17, 1989)
Price Week’s ($US) Change($) Gold* 384.15 –0.25 Silver* 5.82 + 0.02 Platinum* 527.50 + 2.75 Nickel** 6.58 — 0.44 Lead** …
High Frontier drilling
High Frontier Resources (VSE) has started an exploration program on the company’s Conglomerate Lake property 40 miles northwest of Geraldton, Ont. The 35-claim property covers several gold showings, t…
TSE Short Positions (April 17, 1989)
Semi-monthly report as of Mar. 31 showed 38,663,520 shares of 604 issues compared with 37,762,039 shares of 616 issues on Mar. 15. Larger individual positions included: Amer. Barrick 50,200; Augmitto …