1989

ALUMINUM: MW U.S. Market US79.00 cents – 80.00 cents per lb. (Oct 26, 1989). ANTIMONY: New York dealer US94 cents -98 cents per lb. (Sept 14, 1989). BISMUTH: New York dealer $4.80-$4.90(US) per lb. (…

An agreement has been signed between Northfield Minerals (ASE) and GSR Acquisitions, to purchase an additional 68.5% interest in the Larder Lake gold project near Kirkland Lake, Ont. GSR is acquiring …

Higher base metal prices helped Minnova Inc. (TSE) boost net income for the first nine months of 1989. A member of the Noranda group of companies, Minnova recorded net income of $4.4 million (31 cents…

Bulk-sample testing of three iron ore deposits, aimed at identifying lump ore, was undertaken this past summer by Hollinger North Shore Exploration, a wholly owned subsidiary of La Fosse Platinum (TSE…

Glencairn Explorations (ASE) plans to begin diamond production from its Feijao Cru project in Brazil by May, 1990, with full production at a rate of 240 cubic metres per day scheduled to begin by Sept…

The second phase of drilling is under way at the Summit gold project in New Mexico where partners Biron Bay Resources (ASE) and NovaGold Resources (TSE) recently discovered a high grade oreshoot withi…

Cade Harvard, chairman of Louisiana Mining (ASE), is handing over control of the company to a couple of former Bechtel Corp. engineers who he hopes will turn the company’s southern Nevada gold project…

1989 Nov 7Nov 6Nov 3Nov 2Nov 1HIGH LOW Composite “300” 3923.253906.753929.103935.703935.594037.833353.13 Metals & Minerals 3401.823380.953430.763441.143447.863919.203207.50 Integrated mines 3539.4735…

Lower gold prices and production reduced earnings for LAC Minerals (TSE) during the third quarter ended Sept 30. For the period, the company earned $11.4 million or 11 cents per share, compared with …

New targets on its No 1, 2 and 3 Lozeau Twp. claims east of Matagami, Que., are undergoing drilling, Explorations Minieres du Nord (ME) reports. President Jean-Jacques Martel reports the drilling foll…

“Living in the Canadian High Arctic is a unique experience,” says W.H. McNeil, manager at Nanisivik Mines. Born in central Africa, he is a professional mining engineer with worldwide 0000,0600 experi…

Shareholders of Cassiar Mining (TSE) voted overwhelmingly in favor of a reorganization to make one of its subsidiaries the parent of the Cassiar group of companies. Although the transaction is still s…