CoCa, Geodome merger planned this quarter
The proposed merger of CoCa Mines (NASDAQ) and Geodome Resources (NASDAQ) could be completed in the first quarter, said CoCa President Hugh J. Matheson. The deal will require the approval of the holde…
Articles by Northern Miner Staff
Tundra drilling (January 16, 1989)
A major drill program totalling more than 110,000 ft is scheduled to begin this month on the Lamaque gold project owned by partners Teck Corp. (TSE) and Tundra Gold Mines (VSE). The program, expected …
Economic session
The American Copper Council will sponsor an economic outlook session at its luncheon meeting in New York on Thursday, Feb 2. Featured speaker, is Nicholas Perna, vice-president and chief economist for…
Lackluster year of trading on ME
Trading activity on the Montreal Exchange in 1988 was comparable to 1986 levels, says the exchange, which saw its general market portfolio index gain about 6.5% last year. “While the October, 1987, cr…
MacDonald ponders future of Gallen
The new directors of MacDonald Mines Ltd have changed the name of the mining company to MacDonald Mines Exploration (COATS). The company took on a new life last year (N.M., Sept 5/88) when shareholder…
Production decision at Farley in ’89
A production decision for the Farley Lake gold deposit near Lynn Lake in northern Manitoba could come in 1989 if the results of a recent feasibility study are positive. A 12,000-ton bulk sample has be…
Metal Prices FUTURES PRICES (January 16, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Jan 146.00 144.60 144.70 — 7.00 Mar 136.20 133.40 143.70 — 2.00 May 126.30 124.50 125….
Rio Algom buys 22% stake in Vancouver gold company
Toronto-based resource giant Rio Algom Ltd. (TSE) has emerged as the largest shareholder in an unlisted gold exploration company called Pan Orvana Resources. In a bid to access some joint venture oppo…
Goldbank acquires Kamloops prospect
Calgary-based junior capital pool company Goldbank Ventures (ASE) has acquired a polymetallic property in British Columbia’s Kamloops mining division. Goldbank recently staked the 134-claim Mila prope…
Dr. Duncan R. Derry, 1906-1987
An eminent economic geologist, known internationally for his many contributions to mineral exploration on nearly every continent of the world, Duncan R. Derry was one of the Canadian mining industry’s…
New BIG mine opens
Recently starting up operations at its wholly-owned Richmond Hill gold mine in South Dakota was BIG, or Bond International Gold (TSE). The mine, located near the town of Lead, is an open pit, heap lea…
INSIDER TRADES (January 16, 1989)
Agassiz — P. Bannerman bought 33,000 (Oct) @ $3.30-40 to hold 334,050. Burgess Point — Perton Dev bought 31,000 (Nov, private) @ 10 to hold 583,313. Campbell Res — R. Lister bought 25,100 (Oct, No…