Homestake gives to Golden Bear
Despite writing down its investment in North American Metals (TSE) by US$32.2 million last year, Homestake Mining (NYSE) recently provided the company about $2.3 million in additional financing. North…
News
LETTERS TO THE EDITOR Is this the same George Miller?
As a regular reader of The Northern Miner, I often read articles submitted by a George Miller, the president of the Mining Association of Canada. Could he be the same George Miller who at one time was…
NO HEADLINE (April 01, 1991)
TEXT: Saskatoon-based Claude Resources (TSE) has discovered a new zone of gold mineralization at the Seabee mine property in northern Saskatchewan. The new discovery, known as the 161 zone, consists …
METAL PRICES FUTURES PRICES (April 01, 1991)
N.Y. Commodity Exchange? Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Apr 107.30 106.10 107.30 + 0.50 May 107.00 105.70 106.90 + 0.95 Jun 106.40 106.10 106.40 SILVER (in US cents per…
EDITORIAL NDP may lose labor’s support
It is interesting to watch the NDP as it drifts away from labor for its sole power base and tries to appeal to more voters through populist issues such as those dealing with the environment. With the …
Alberta Stock Exchange Golconda up 22 cents
Trading was light amid the speculative junior-mining issues as the price of gold fell to a low of US$354 per oz. during the week ended Mar. 26. Among the week’s few gainers was Golconda Resources, whi…
Vancouver Stock Exchange Prime Equities deal hits snag
Both the VSE composite and resource indices staged rebounds over the week ended March 26. The composite index rose almost 10 points to finish at 570.22, while the resource index edged up 8.66 points t…
B.C. can correct harm done by parks decision
Once upon a time, many years ago in a place called British Columbia, when a prospector staked some claims, he knew that if he obeyed the rules and was lucky enough to discover an orebody, he could kee…
Placer, Major General form joint venture for Yukon work
An agreement-in-principle between Placer Dome (TSE) and Major General Resources (VSE) will provide for the formation of a joint venture to explore an area of about 20,000 sq. km in north-central Yukon…
Rayrock writes off Colomac gold mine
A $4.2 million writedown, mainly related to a royalty interest in the floundering Colomac gold mine, has made a dent in the 1990 income of Rayrock Yellowknife Resources (TSE). Net earnings for the yea…
Insider Trading Aur executives cash in options
No longer the thrill-a-month drill play that kept investors on tenterhooks for most of 1989, the Louvicourt Twp. massive sulphide project east of Val d’Or, Que., has entered the critical mine developm…
1991 program to establish grade at Frasergold
Establishing grade certainty in the open pit reserve potential of the Main zone on the Frasergold property will be an important mandate of the 1991 program planned by Eureka Resources (TSE) and a unit…