Metals Prices FUTURES PRICES (February 06, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Feb146.50 146.50 144.40 Mar145.30 140.00 142.90 — 5.15 May134.80 131.00 132.50 — 4….
Articles by Northern Miner Staff
Epp named as new mines minister
Jake Epp, the new Minister of Energy, Mines and Resources, will be the guest of honor at the banquet held by the Prospector’s and Developers Association at their annual convention. The PDA convention …
Earnings Report (February 06, 1989)
Ennex International of Dublin, Ireland reports a net loss for the 9-month period ended Sept 30 of $460,000(US) or 55 cents per share on revenue of $3.74 million. For the same period a year earlier th…
Letter to the editor The Saga of Rosa Brown
It is my pleasure to report that the Nov 6, Toronto premiere of the original musical “The Saga of Rosa Brown” was a “standing-room- only” success. It was exciting to present a new work documenting Can…
Earnings Reports (February 06, 1989)
North American Metals (VSE), a 73%-owned subsidiary of Homestake Mining (NYSE), reports a net loss for the year ended Aug 31 of $942,458 or 13 cents per share. For the same period a year earlier the c…
Gold Bar drilling Chester Twp. property
COATS-listed Gold Bar Resources has agreed to fund a 5,000-ft drill program on Canadian Gold Resources'(ASE) Chester Twp., gold property near Gogama, Ont. The companies report that a contract has been…
Copper refinery sale
Louisiana Land and Exploration Company (LL&E) said its wholly- owned subsidiary, White Pine Leasing, had consummated the sale of its electrolytic copper refinery to Copper Range Company (CRC) for $14….
Teeshin files lawsuit
Teeshin Resources (VSE) has filed a $6.5-million claim of lien against the Dome Mountain gold property in British Columbia. The sum represents the amount of money Teeshin says it spent on exploration …
Montreal Exchange Cambior withdraws bid
The takeover bid by Cambior Inc. for Nova-Cogesco Resources is off, says the former. The major Quebec gold producer, having upped its price from $1.50 per share of Nova Cogesco to $1.80, now says beca…
FMC Gold posts 23% profit gain
Increased production volume and lower costs brightened the profit picture for major North American gold miner FMC Gold Company (NYSE) in 1988. The company reports its net income rose 23% last year to …
Sun River eyeing production from Arizona mine (February 06, 1989)
Based on a recent positive pre- feasibility study, Sun River Gold Corp. (VSE) is projecting a production rate of 400 tons per day for its United Western Mine gold deposit located near Oatman, Ariz. Th…
PGW compiling magnetic map of African continent
By 1991 exploration geologists will have access to high-definition color maps showing the regional geological features of the continent of Africa. Toronto-based geophysical consultants Paterson, Grant…