Metal Prices (November 14, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Date Nov 8 Nov 7 Nov 4 Nov 3 Nov 2 Copper 1849-1…
Articles by Northern Miner Staff
Brenda improves profit (November 14, 1988)
Stronger copper and molybdenum prices were responsible for improved earnings at Brenda Mines (TSE). The Noranda-controlled company, which operates a copper/ molybdenum mine in British Columbia, realiz…
Timmins report Hollinger headframe removed
The old central shaft headframe of the Hollinger Consolidated gold mine, now owned by Giant Yellowknife Mines (TSE) was blasted and tied up with cables and pulled to the ground, recently. It took seve…
Amax Gold announces third quarter earnings
Amax Gold’s net earnings were $13.1 million(U.S.), or 22 per share for the 1988 third quarter compared with $11.1 million or 18 per share for the 1987 third quarter. For the first nine months of 1988…
Newmont declares quarterly dividend
The board of directors of Denver- based Newmont Mining recently declared a regular quarterly dividend of 15 per share of common stock, payable Dec 9 to shareholders of record at the close of business…
BHP-Utah Mines to earn interest in Snow Lake property
A gold property with known reserves near Snow Lake, Manitoba has caught the interest of BHP-Utah Mines, an indirectly held subsidiary of Broken Hill Proprietary of Australia. Formerly known as Utah Mi…
Mark V remains confident of getting mine permits
Mark V Petroleums and Mines (TSE) of Vancouver says it is receiving positive signals from the U.S. Forest Service with regard to bringing its Bagdad gold project into production. Nothing has been rece…
Investment Comment Three junior golds with overlooked potential
Toronto-based Bitech Energy Resources (ASE) has substantially increased its mineral exploration activities since last year, and recently, the company made a significant gold discovery in Newfoundland….
Westmin/Nexus exploration tunnel on schedule
The exploration tunnel at the Debbie gold project on Vancouver Island is proceeding “on schedule and on budget” say partners Westmin Resources (TSE) and Nexus Resource Corp. (TSE). Designed to access …
Monique financing (November 14, 1988)
A financing to allow Monique Exploration (ME), formerly Monicor Exploration, to increase its interest in the Monique gold property east of Val d’Or, Que., is being arranged by the company. A prelimina…
Skukum, Berglynn cut wide sections, good grade
Several high grade drill hole intersections were reported by 50/50 partners, Skukum Gold (VSE) and Berglynn Resources (VSE) from the newly discovered Goddell Gully structure on their joint-ventured pr…
Gunnar, Mill City raise $2 m to explore Fifteen Mile bet
A fifth company has been signed up by Gunnar Gold (TSE) and Mill City Gold (ME) to participate in Pan East Resources’ (ASE) Fifteen Mile Stream gold exploration project in Nova Scotia. In return for p…