Editorial Looking ahead to 1989
Crystal-ball gazing is a hazardous occupation, but once every winter, as we cross the threshold into a new year, we indulge our inclination to tell the universe just how we expect it will unfold. If t…
Articles by Northern Miner Staff
Galactic plans $50 M U.S. offering
The U.S. investment banking firm of Drexel Burnham Lambert Inc. is to be the underwriter of a proposed $50 million(US) offering by Galactic Resources (TSE). The company’s wholly-owned subsidiary, Gala…
Mimiska/Sphinx
Two members of the Ariel mining group of Quebec, Mimiska Mining (ME) and Sphinx Mining (ME), have arranged for the issuance of 729,287 shares in a deal with CMP Resource Partnership and Co. Ltd. and C…
Editorial Low, low interest rates
The following is taken from a recent presentation by Donald Worth, vice-president of the mining specialist group for the Canadian Imperial Bank of Commerce, at a seminar for brokers and market watcher…
Agnico ups stake in Dumagami to 42%
Toronto-based Agnico-Eagle Mines (TSE) has increased its direct ownership in Dumagami Mines Ltd. (TSE) to 42% by acquiring an additional 16% stake in the company from Mentor Exploration and Developmen…
BREAKING NEW GROUND CALLINAN
Last March, Hudson Bay Mining & Smelting dealt a 49% interest in the Callinan deposit, just north of Flin Flon, Man., to Manitoba Mineral Resources in return for $9.7 million to be spent developing th…
Perimeter acquires Ontario gold prospects
Surface work to delineate drill targets is planned to start early next year on the Brinklow Occurrence, a gold prospect recently acquired by Perimeter Ventures (VSE) near Longlac, Ont. The company sai…
Glimmer Resources
Glimmer Resources (VSE) and Master Gold did not sign a farm-in agreement before the Dec 12 deadline as intended. Glimmer is continuing negotiations and is actively seeking participation which will ens…
Better acid trap
A Texas firm, Aerological Research Systems, says it has developed a better smokestack device which removes practically all sulphur dioxide from emissions. Sulphur dioxide, released into the atmosphere…
Metal Prices FUTURES PRICES (January 02, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Dec 162.00 155.05 156.75 — 2.15 Jan 153.90 149.00 15…
News in Brief (January 02, 1989)
Canadian Platinum Refineries has been delisted from the Alberta Stock Exchange for failure to file listing requirements. News in Brief Enhanced Resources (1986) has been delisted from the Alberta Stoc…
Hardrock going underground
Hardrock Extension (TSE) has made a decision to go underground on its gold property near Geraldton, Ont. The company plans to drive a decline ramp to a depth of 150 ft on the V.G. zone and then to the…