News

Applegath Group active in Mishibishu exploration

The Applegath Group is increasing its activity in the Mishibishu area, located west of Wawa, Ont. A total of six companies within the group hold varying interests in a large tract of ground in the are…



Euro-Nevada acquires land position at Newmont mines

Euro-Nevada Mining has completed what it hopes will be the first in a series of royalty acquisitions in the Carlin gold trend near Elko, Nev., The Northern Miner has learned. The Toronto company has a…


Report from Calgary part 2

Destiny Resources led junior resource companies in November trading in ** volume and appreciation in value on the Alberta Stock Exchange. Destiny, with junior partner Noranda Exploration appears to ha…



Metal Prices PRODUCER PRICES (December 14, 1987)

ALUMINUM: MW U.S. Market 80.00 cents -82.00 cents per lb. (Dec 3, 1987). ANTIMONY: New York dealer $1.10-$1.14 per lb. (Nov 19, 1987). BISMUTH: New York dealer $4.70-$4.80 per lb. (Nov 19, 1987). CAD…


Consolidated TVX reports first ever quarterly profit

Consolidated TVX Mining has reported its first quarterly profit, the Toronto-based company said recently. During the three months ended Sept 30, Brazil’s second largest gold producer reported net earn…


New nickel pricing process proposed

The vice-president marketing and sales for Falconbridge Ltd. has taken issue with nickel pricing as it applies to the London Metal Exchange (lme). “To say the least, Falconbridge is less than enamored…


Inco backs out at Cochrane Hill

After conducting a 5,000-ton bulk sample test on Northumberland Mines’ Cochrane Hill, N.S., gold prospect, Inco Gold has decided to relinquish its option on the property. Inco was earning a 60% intere…


Some comments from our readers

When it comes to making suggestions, readers of The Northern Miner don’t pull any punches. Many respondents offered good sound advice but, while we received many comments on a job well done, there was…


Equity Silver plans 4th quarter writeoff

The leach and gold scavenger plants no longer used at Equity Silver Mines’ mill near Houston, B.C., will be reported as a writeoff in the fourth quarter. The $33.6-million writeoff will be reported as…


Shareholders reject Nova-Cogesco offering

Shareholders of Nova-Cogesco Resources of Montreal have rejected a private placement of 700,000 shares to MSV Resources, Nova- Cogesco reports. Proposed price of each share was $2.75. MSV currently ha…


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