Spot prices at a glance (January 23, 1989)
Week’s Price (US) Change Gold (per oz) $402.85 –$ 0.65 Silver (per oz) $ 5.94 +$ 0.03 Platinum (per oz) $525.00 –$ 1.00 Copper (per lb) $…
News
Letter to the Editor 48.3% of shares
With reference to your article on page 27 of The Northern Miner dated Jan 9, (“Trans-Dominion to acquire 48.3% of Doelcam”), I am enclosing a copy of our news release with respect to the transaction d…
Metal Prices FREE MARKET London Metal Exchange (January 23, 1989)
Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan 17 Jan 16 Jan 13 Jan 12 Jan 11 Copper 1950-1955 1948-1949 1869-1870 18…
Survey results
The New Brunswick Department of Natural Resources & Energy has released the results of a till geochemistry survey conducted over the central part of the Miramichi Zone in the northern part of the prov…
Force majeure lifted by Magma Copper
Recently lifting its force majeure, which was announced in December, was Magma Copper (Amex). The declaration was made under the company’s toll smelting and refining contracts, and refined copper sal…
Goldteck tailings deal
Goldteck Mines (TSE) has completed an option agreement with Matachewan Consolidated Mines (COATS) which pertains to the tailings at Matachewan’s former producing gold mine near Matachewan, Ont. From 1…
Atlanta doesn’t welcome U.S. Gold’s buying spree
Denver-based US Gold Corp. has taken a large share position in Atlanta Gold Corp. (VSE) whose principal asset is the Atlanta gold property in Elmore Cty, Idaho. US Gold has been tight-lipped about its…
Encouraging results from deep-drilling at Armistice bet
Three more encouraging drill- core sections have been reported by Armistice Resources (ME) from the company’s deep drilling gold project at Virginiatown in northern Ontario, next to the long-producing…
Minnova/Syngold find ore grade gold at Donalda
Underground exploration is confirming the presence of ore grade gold mineralization at the Donalda gold property, held by partners Minnova Inc. (TSE) and Syngold Exploration (TSE). The property is nea…
Minerals symposium
Potential climatic changes, environmental issues and increasing demands for corporate information from shareholders and regulatory bodies are bound to affect how mining companies do business in the fu…
Editorial Losing jobs, gaining control
It’s never an easy decision to cut jobs, but in the case of the federal department of Energy, Mines and Resources’ plan to eliminate about 340 positions over the next three years, it’s the right decis…
MSV’s Eastmain bet site of winter drilling
A winter drilling program is under way on the Eastmain gold property in northern Quebec, near James Bay, MSV Resources (ME) reports. The program will involve drilling 60 holes representing 8,000 m. Co…