1989

Toronto-based Dumagami Mines (TSE) has taken strong exception to some recent statements made by a Montreal investment company regarding future production at its Donald La Ronde mine at Cadillac, Que. …

A seepage problem that interrupted production last year at MinVen Gold Corp.’s (TSE) Gilt Edge mine in South Dakota is being repaired successfully, the company reports. The South Dakota Department of …

Gold prices appear to be holding steady enough for investors here to continue testing the waters and shore up support for the still unsteady VSE Index. Although up considerably from last week, at pres…

If 1988 was a nightmare year for Canadian brokers, they could hardly have gleaned much comfort from what they saw on the Alberta Exchange this week. In keeping with the general lack of interest in spe…

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…

I am not too impressed by Peter Kennedy’s piece, “Jury still out as LAC drifts onto Kirkland property” (N.M., Jan 9/89), which seems to be riddled with careless errors: The 04 Break has been displaced…

Continuing its winning ways this past week, the stock market recorded healthy gains in both its market portfolio and mining and minerals indices, on daily trading volumes ranging between 4.9 million a…

Toronto-based Orofino Resources (TSE) was forced to bring out the red ink when reporting its financial results for fiscal 1988. But the 52%-owned Northgate Exploration (TSE) subsidiary, is hoping that…

Newmont Mining’s involvement in the Canadian mining scene has been a long and illustrious one. The Northern Miner first reported the company’s Canadian presence in 1928 when we said the company’s st…

While Canada’s reputation as a gold producer is well established around the world, the country has a long way to go before its primary platinum mining is taken seriously. Making this point in a recent…

An 18,000-ft drill program is the first plan of action by Falconbridge Ltd. (TSE) and Conwest Exploration (TSE) in their joint effort to chase high grade nickel near Sudbury, Ont. The drilling is part…

Noranda Exploration has agreed to earn a 51% stake in Allan Lake gold and zinc properties which were acquired recently by Durga Resources (ASE) from Jasi Nikhanj for $500,000. Nikhanj is president of …