Articles by Northern Miner Staff


PRODUCER PRICES (June 20, 1988)

ALUMINUM: MW U.S. Market $1.26-$1.32 per lb. (June 2, 1988). ANTIMONY: New York dealer $0.98-$1.02 per lb. (June 9, 1988). BISMUTH: New York dealer $5.55-$5.70 per lb. (May 12, 1988). CADMIUM: New Yor…


FINANCING (June 20, 1988)

ONTARIO Golden Penguin — final rec iss offer 1,000,000 @ $1.60 per sh. Home Lake — final rec iss offer 500,000 @ $1 per sh. VANCOUVER Armanda Gold — gross proceeds rec $165,000. Rat Res — gross pr…


News in Brief (June 20, 1988)

Playing a much more aggressive role in the Vancouver market, Homestake Mining recently concluded option agreements with McConnell-Peel Resources (VSE) and Sheba Copper Mines. The agreements, which cov…


People (June 20, 1988)

Quartz Mountain Gold Corp. — David S. Jennings appointed president and chief executive officer.


Vedron awaits results

Mid-summer results to be gathered from exploration work on the Fuller zone of the Vedron property at Timmins, Ont., should be sufficient to justify the start of production by the end of the year, Vedr…


Golden Terrace seeks joint venture partner

Golden Terrace Resources (TSE) expects to have a senior mining company take on a joint venture partnership this summer on its Richardson Lake gold property in northwestern Ontario. At the company’s an…


Murgold, Chesbar encouraged by Chester results

A $4.2-million exploration program at the Chester Twp. project south of Timmins, Ont., is producing some encouraging results for partners Chesbar Resources (ME) (60%) and Murgold Resources (VSE) (40%)…


Breakwater buys into Noramco

In a deal that involves $6 million in cash and $14.8 million in shares, Breakwater Resources (TSE) will become the largest corporate shareholder in Noramco Mining (TSE). Howard Gougeon, vice-president…


Aur reports decrease in first half income

On schedule to begin production in September at its wholly- owned Kierens project at Val d’Or, Que., Aur Resources (TSE) of Toronto reported a drop in first half earnings. Aur reported net earnings of…


Alberta Stock Exchange Baslen trades higher

It was a case of “as you were” in Alberta as most of last week’s most active issues traded ahead of the pack on slightly lower volumes. International Baslen led the way with a 34} increase in its shar…


Glamis to boost production

With two years of life remaining at its Picacho mine in California, Glamis Gold (TSE) hopes to increase gold production to nearly five times the current rate by 1990. Property acquisitions and joint v…


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