Puffy Lake Impacts Pioneer’s Bottom Line
Faced with the uncertainty of operating the Puffy Lake mine economically, Pioneer Metals Corp. (TSE) has reduced the carrying value of the mine in its financial results for the year ended Dec 31. The …
Articles by Northern Miner Staff
Colony Pacific earnings decline
Lower oil and gas production volumes and the absence of gains from mineral property sales resulted in a net loss for Colony Pacific Explorations (TSE) of $197,000 or 2.7 cents per share on revenues o…
Star Valley acquires Nevada claims option
The United States subsidiary of Star Valley Resources (VSE) has acquired an option to earn a 60% interest in the Tag mine/Wildcat gold prospect 35 miles north of Lovelock, Nev. The land position was a…
FUTURES PRICES (April 10, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Apr 128.50 128.20 128.30 — 10.60 May 129.10 126.70 128.20 — 9.20 Jul 122.20 120…
Metal Prices FREE MARKET (April 10, 1989)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr 4 Apr 3 Mar 31 Mar 30 Mar 29 Copper 1777 – 1782 1804 – 1809 …
Vancouver Stock Exchange GKelan highlight of a slow week
Another sluggish trading week came and went on the Vancouver Stock Exchange. With gold prices still weak, and even some base metals prices showing signs of softening, brokers here say interest in juni…
Quintette, Bullmoose receive open pit mines safety awards
Two northeastern British Columbia coal mines have been officially recognized as the safest open pit mines in the province. For the second year in a row, Quintette Coal Limited was presented a trophy b…
Skyline drilling to expand reserves
Based on results from an underground drilling program that began last fall, Skyline Gold Corp. (TSE) expects to prepare an updated reserve report at the end of April. The company is operator and 100%-…
Low costs offset gold prices for FMC
By continuing to stress efficient operations and low cost production, FMC Gold Company (NYSE) expects to weather the recent downturn in gold prices and maintain its status as one of the most profitabl…
Trio in Carlin (April 10, 1989)
Trio Gold Corp. (ASE) has acquired a 100% interest in 29 claims near Elko Cty, Nev. The claims are within the prolific Carlin trend, a major geological feature hosting several large open pit gold depo…
Canadian Mining Law
The Canadian Institute of Resources Law has recently started a 2-year research project on Canadian Mining Law. The project, co-ordinated by Barry Barton, will result in a one- volume manuscript on min…
Westminer takes another look at N.S. zinc mine
The mill at Gays River, N.S., could become a base metals mill again. Owner Westminer Canada, which currently treats 100 tons of gold ore per day (from the Forest Hill mine) in the Gays River facility,…