Anglo has trouble wedging drill hole
Anglo Canadian Mining (TSE) has experienced some difficulties while wedging a second drill hole on its MWF gold property near Timmins, Ont., where Anglo is spending $250,000 to earn a 50% project inte…
News
La Sarre Mining arranges financing
A flow-through share financing worth $600,000 is being finalized by La Sarre Mining Exploration (ME) with Valeurs Mobilieres S.M.C. of Quebec. The proceeds will be used to finance an exploration progr…
Hudbay profit down 40% in second quarter
Sharply lower profit was reported in the quarter ended June 30 by Hudson Bay Mining and Smelting (TSE), Canada’s fourth largest producer of copper and zinc. The company said its profit in the second q…
Cheni earnings (August 13, 1990)
Net earnings for Cheni Gold Mines (TSE) for the six months ended June 30 totalled $2.5 million or $22 cents per share. The results compare with net earnings for the four months ended June 30, 1989, of…
Noranda baffled by vanishing Karpa Spring gold find
What had at first appeared to be a significant new gold discovery in the Karpa Spring region of Western Australia has turned out to be a disappointment for joint venture partners Noranda (TSE) and Per…
Results from Ski disappoint investors
Assay results were released by Adrian Resources (VSE) for the first two holes drilled on the Ski project north of Stewart, B.C., and adjacent to the Eskay Creek project, owned by Prime Resources Group…
Kerr Addison boosts profits for first half
Strong production performance and contributions from Minnova’s (TSE) new Ansil and Samatosum mines boosted Kerr Addison Mines’ (TSE) net income for the first half of 1990. The company reported earning…
American Barrick/purple vein
Bullish predictions on the potential size of a high-grade gold deposit on American Barrick Resources’ (TSE) North claim block near Carlin Nev., recently returned to haunt a company that holds a royalt…
Insider Trading Insiders miss out on Redfern highs
Helped by exploration results at the Tulsequah Chief polymetallic joint venture with Cominco (TSE), shares of Redfern Resources (TSE) recently touched new highs. The issue climbed to $6 after Redfern …
FUTURES PRICES (August 13, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Aug 130.00 127.50 127.50 + 2.20 Sept 130.30 127.20 127.30 + 2.70 Oct 127.70 125.50 125.45 + 2.85 SILVER (in US ce…
Iskut J.V. drilling north of Snip
The initial phase of drilling on the Iskut Joint Venture Project has been completed. The project is an equal joint venture between Prime Resources Group (VSE), American Ore (VSE) and Golden Band Resou…
Letter to the editor Touting the Rossland mines
I have been an ardent reader of The Northern Miner since 1933, the days of Sidney Norman. I enjoyed the 75th anniversary issue very much, but was disappointed in your reference to the Consolidated Min…