Metal Prices FUTURES PRICES N.Y. Commodity Exchange (May 11, 1987)
Week’s High Low Close Change COPPER (in US cents per lb.) May 65.00 64.15 64.90 + 2.85 July 64.25 63.45 64.20 + 2.15 Sept. 64.0…
Articles by Northern Miner Staff
Diana buying 28 claims
A 2,800-acre, 28-claim property in Bearn and Dalquier Twps. in northwestern Quebec is being acquired, subject to regulatory approval, by Diana Resources. The property is one block removed and on strik…
Innovate to survive, CIM plenary told
“Innovation … represents a revolutionary change in operating style for an industry that is known for the conservatism of its management. We have no choice but to take drastic steps. Vive la Revoluti…
News in Brief (May 11, 1987)
Northgate Exploration announced on May 4 that hourly-paid employees at the company’s two Chibougamau, Que. mines have rejected a revised contract offer by the company and that strike action has been i…
Exploration shaft in the works for Joubi property
A shaft-sinking contract, for a 250-m exploration shaft, on its Joubi property near Val d’Or, Que., will be let shortly, Western Quebec Mines reports. A program of six holes totalling 1,242 m was comp…
Production rate goes up at Pioneer’s Puffy Lake
Ore reserves have nearly doubled at Pioneer Metals’ Puffy Lake gold project and with this increase comes an expanded mill throughput to 1,000 tons per day. As a result of a recently completed diamond …
Westar has quarter profit, gears for a tough market
Under constant pressure from Japanese consumers to lower prices and volumes, coal producers like Westar Mining have been forced to control costs to remain competitive. That fact has been reflected in …
Novamin takeover
The takeover offer by Breakwater Resources for Novamin Inc (N.M., April 13/87) will be presented to their respective shareholders for acceptance in early May. Both companies have signed a memorandum o…
Stralak options Mexican gold bet, considers zinc mine
It has been a while, but Vancouver-listed Stralak Resources is back in the news. This time it has entered into an agreement with a mining company in Mexico to acquire an interest, up to 49% over the n…
Reg planning drill program
Reg. Resources Corp. says it plans a drill program this year on its Silverknife claims. These claims are located in the Liard Mining Division in northern British Columbia, contiguous to the Regional R…
Canamax closes in on gold production target
A mere five months after its Bell Creek project went into production, Canamax Resources has made two announcements which could bring the Toronto gold mining company closer to realizing its plan to pro…
Metal Snips (May 11, 1987)
Two American firms, A-Mark Precious Metals and Manfra Tordella and Brookes, have become official distributors of the Isle of Man’s platinum Noble bullion coins. Introduced in 1983, the coins are 99.95…