Metal Prices FUTURES PRICES (February 27, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Feb137.00 133.50 137.00 + 11.20 Mar134.80 129.00 134.50 + 10.70 Apr125.50 125.50 13…
Articles by Northern Miner Staff
Control of Westfield sold to Bronfman group outpost
Like sister company Northgate Exploration (TSE), Toronto-based Westfield Minerals (TSE) recently became part of a huge network that is controlled by the Bronfman- owned Hees International Bancorp. Tha…
Ego funding Asquith Twp. drill program
Joint venture partners Ego Resources (TSE) and Asquith Resources (COATS) report encouraging gold values have been returned from recent drilling on their Asquith Twp. property, located south of Shining…
Editorial Easy money
A falling gold price has made life difficult for many Canadian mineral exploration companies. That, combined with government changes to tax breaks for individuals investing in mineral exploration, has…
Placer Dome mine fatality
No cause has yet been determined for an accident at Placer Dome’s (TSE) Dome mine in South Porcupine, Ont., on Feb 20 that claimed the lives of three miners. The three men — Lionel Legault, 47, of So…
Timmins Report Stan West changing DeSantis
If the Porcupine branch of the Prospectors and Developers Association of Canada has its way, prospectors’ licence will be renewable only once every three years, instead of annually as is now the case….
Quartz Mountain dissent fizzles
The Supreme Court of British Columbia has dismissed an application by three shareholders of Quartz Mountain Gold (TSE) for an order postponing the company’s annual general meeting until March 6. The m…
Metal Prices PRODUCER PRICES (February 20, 1989)
ALUMINUM: MW U.S. Market $1.02- $1.05(US) per lb. (Feb 2, 1989). ANTIMONY: New York dealer $1.00 cents – $1.03(US) per lb. (Jan 19, 1989). BISMUTH: New York dealer $6.75-$6.85(US) per lb (Jan 26, 1989…
Earnings Report (February 20, 1989)
Battle Mountain Gold (TSE) reports net earnings for the fourth quarter of $12.1 million(US) or 18 cents per share on revenue of $32.4 million compared with net earnings of $17.5 million or 27 cents …
Campbell seeks $40 million
A $40-million financing is being arranged by Campbell Resources (TSE). The cash will be used to fund the expansion of Campbell’s Joe Mann gold mine near Chibougamau, Que. Hosting reserves of 3.7 milli…
South Atlantic to develop copper project
With a feasibility study for a 250,000-ton-per-year mine and mill nearing completion, South Atlantic Ventures (VSE) is examining several options to raise the estimated $7 million(US) required to bring…
Calpine/Stikine results shows tonnage potential
Recent drill results from the Eskay Creek property of Calpine Resources (VSE) and Consolidated Stikine Silver (VSE) demonstrates its bulk tonnage potential. Among the latest assay results was 24.6 ft …