Puffy Lake mine faces uncertain future
Mining and milling operations at the Puffy Lake mine in north central Manitoba will be reduced and suspended over the next three months while Pioneer Metals (TSE) seeks to identify an operating plan t…
News
IOCC GOLD OPTIONS (March 27, 1989)
Options Open Series Volume Last Interest May 390 C * 146 14.70 573 May 400 C * 218 10.00 3,733 May 420 C * 715 2.80 2,858 May 460 C * 100 0.40 1,505 Aug 400 C * 11…
News in Brief (March 27, 1989)
Field work has been completed on Epoch Capital Corp.’s (VSE) mineral properties in the Baie Verte area of Newfoundland. The Calgary-based company says it is currently awaiting final reports on the fie…
Atlas Gold Bar mill expansion will raise output to 60,000 oz
Atlas Corp. (NYSE) expects to produce over 60,000 oz gold in 1989 because of the expansion of its Gold Bar mill in Eureka Cty., Nev. Process capacity was recently doubled to 3,000 tons per day and gol…
Metal Prices PRODUCER PRICES (March 27, 1989)
ALUMINUM: MW U.S. Market $1.025- $1.065(US) per lb. (Mar 9, 1989). ANTIMONY: New York dealer $1.00- $1.03(US) per lb. (Jan 19, 1989). BISMUTH: New York dealer $6.65-$6.75(US) per lb (Mar 9, 1989). …
Tax credit to boost exploration research
Research in metallogeny, geochemistry, geophysics and remote sensing has just become more cost effective. The Mineral Exploration Research Institute (MERI) of Montreal has formally been recognized by …
Letter to the Editor Lunar Base preparations under way (March 27, 1989)
As a member of the Space Studies Institute (but not an official spokesperson), I was interested to see the editorial regarding lunar mining (N.M., Mar 20/89). May I comment? It is true that as a post …
FINANCING (March 27, 1989)
ONTARIO Aurlot Expls — final rec iss offer 2,900,000 @ 85 cents per sh to net $1,392,000. Fortune Minerals — final rec iss offer 1,000,000 @ 36 cents per unit to net $324,000. VANCOUVER Amarado Res…
Letter to the editor The Northern Miner’s role
Would you please provide me, either privately, or through an upcoming issue of your newspaper, with an indication of the role set out by you and or the publishers for The Northern Miner. This question…
Viceroy impact report bodes well for project
An environmental impact report prepared for Viceroy Resource Corp.’s (TSE) Castle Mountain project in California concludes the proposed operation meets regulatory requirements and has “no significant …
Ballatar to finance Alaskan gold project
Under terms to be defined in a formal option agreement, Ballatar Explorations (VSE) intends to provide the necessary financing to bring the Shumagin gold-silver mine into production. The company can e…
Gold market in short supply: Shearson Lehman Hutton
While some analysts talk of an encroaching oversupply of gold, international investment dealer Shearson Lehman Hutton forecasts 1989 will be marked by a persistent shortage of immediately available ma…