Gold fever continues
Everybody’s favorite metal, gold, continues to seek new levels, with the price soaring this past week to the $440-$450(US) per oz range. With a weakened American dollar and the announcement of a highe…
Articles by Northern Miner Staff
Metal Prices FREE MARKET Spot Gold, Silver, Platinum and Palladium (April 20, 1987)
April 14 April 13 April 10 April 9 April 8 Gold London Bullion Dealers afternoon (morning) $US per oz. 442.40(440.25) 435.90(436.50) 431.60(432.30) 421(421.50) 420.50(423.20) Gold Bank of Nova Scotia…
Whim Creek consortium buying Aussie company
Whim Creek Consolidated, acting on behalf of a consortium, has signed a deal with C.R.A. Ltd., to purchase all the shares of Forrest Bay Pty. for $76.5 million. Members of the consortium include Austw…
Accounting policy change adds to Galactic loss
A much more conservative accounting policy has been adopted by Galactic Resources, major gold producing asset of which is the Summitville mine in Colorado. As a result, Galactic reported a year-end ne…
Canadians find gold on Aruba
In something of a coup, a little known junior Canadian mining company, Monte Carlo Gold Mines, has obtained the exclusive mining concession to this beautiful Dutch island in the Caribbean Sea just 15 …
Letters to the Editor Gordex not first
A story in a recent issue of The Northern Miner states that Gordex is Canada’s first gold heap leaching operation. This is not true. Anaconda Caribou treated 60,000 tonnes of gossan ore grading 0.156 …
Syngold on TSE
Active in Ontario and Quebec, Montreal-listed Syngold Exploration is now also listed on the Toronto Stock Exchange effective April 1. The original tse listing in the mining category is for 8,544,553 s…
New LME contract in U.S. dollars
A new aluminum contract denominated in American dollars will begin trading June 1 on the London Metal Exchange (lme). The new contract, which will have a delivery point in Singapore, the first outside…
Production nearing for Ketza River gold
An in-house feasibility study prepared by Canamax Resources and audited by Wright Engineers recommends production for the Ketza River gold property in the Yukon. The $21.1- million project is a joint …
Gowest drill holes cut two gold zones
A 3,000-ft drill program completed by Gowest Amalgamated Resources has intersected two zones of gold mineralization. The drilling in Denton Twp., Ont., intersected in the first hole an 11.7-ft section…
Obituary Peter Munro
At presstime, we learned with deep regret of the death, after a lengthy illness, of Peter Munro, 52, president of Dickenson Mines. A full appreciation of Mr. Munro will appear in the next issue of The…
COMMODITY FUTURES PRICES (April 06, 1987)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) April — — 62.25 — May …