Letters to the Editor Need Red Lake photos
The Red Lake Museum is searching for people who may have stories and/or photographs of Red Lake from the 1920s, 30s and early 40s. Some of the early mining pioneers/founders we are interested in are: …
Articles by Northern Miner Staff
PRODUCER PRICES Metal Prices (October 31, 1988)
ALUMINUM: MW U.S. Market $1.055-$1.095 per lb. (Oct 20, 1988). ANTIMONY: New York dealer $1.05-$1.10 per lb. (Aug 25, 1988). BISMUTH: New York dealer $5.90-$6.00 per lb. (Oct 20, 1988). CADMIUM: New Y…
Pegasus buying into Pioneer Metals by David Duval
Pegasus Gold Inc. (TSE) recently concluded an agreement to purchase a $12 million convertible debenture from Pioneer Metals (TSE) which, for the debenture itself, would give Pegasus an approximate 14%…
Tri-Valley plans drilling, trenching on Richardson
More trenching and drilling are planned next year on Tri-Valley Corp.’s Richardson lode project southeast of Fairbanks, Alaska. Asarco Inc. recently dropped its option on the property without earning …
NSR/Nova Cogesco agreement completed
An agreement has been completed between NSR Resources (TSE), Nova-Cogesco Resources (ME) and Belmoral Mines (TSE) which gives Belmoral the right to mine and continue exploration of the Rand Malartic p…
Queries Lac’s dividend confusing
My question is about LAC Minerals’ dividends. I thought I saw in your paper that LAC paid a 20 dividend in 1987, but I only got 10 per share for the 2,000 shares I own. Where did the other 10 go? P…
Atlantic Report Seabright ceases work on Caribou
Westfield Minerals (TSE) of Toronto has completed an additional 4,000 ft of diamond drilling on the Little River property in Newfoundland. Westfield and its joint venture partner Anglo-Dominion Gold E…
Spot prices at a glance (October 24, 1988)
Week’s Price (US) Change Gold (per oz) $410.80 + $6.10 Silver (per oz) $6.32 + $0.06 Platinum (per oz)$539.00 + $22.00 Copper (per lb) $1.37 + $0.10 Lead (per lb) $0.29 -…
FINANCING (October 24, 1988)
VANCOUVER Shoshoni Gold — gross proceeds rec $250,000. Sierra Madre — 400,000 sold for gross $168,000. Marian Minerals — 700,000 sold for gross $245,000. Wirlwind Res — proceeds rec $105,000. Nava…
METAL PRICES FUTURES PRICES (October 24, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Oct 138.00 135.00 138.00 + 8.50 Dec 128.30 122.70 127.80 + 7.70 Mar 113.00 108.40 112.50 …
Nevada Goldfields’ Aurora mine small, profitable
It took only 72 days and $5.2 million(US) to bring the Aurora mine of Nevada Goldfields (VSE) into production in 1987 — and that capital should be recovered in just over a year. The small open pit mi…
Cliff Resources, Canaustra Gold to merge
Toronto-based Cliff Resources (TSE) says it plans to merge with Canaustra Gold Exploration (VSE) and a numbered Ontario corporation, which owns 100% of Baie Verte Mines Inc. The proposed merger would …