Great Northern drills
Great Northern Gold (ASE) has started a $300,000 drill program on its Winteroad gold prospect in Garrison Twp., Ont. The company’s program will test two geophysical anomalies believed to represent the…
News
Ralph Bailey receives AMC’s service award
Ralph Bailey, 65, has been named the recipient of the fourth Distinguished Service Award of the American Mining Congress (AMC). He served as chairman of AMC 1983-85 and remains an honorary member of i…
VSM, Serem confident of boosting reserves
The latest drilling results from the Grevet M zinc-copper-silver project near Matagami, Que., should significantly increase reserve estimates, say project partners VSM Exploration (ME) and Serem Quebe…
Gold funds as of Feb. 6
MVP BGR Central Capital Net value$12.48 $6.41 $0.44 Price$11.625 $6.75 $0.37 Discount 6.85% 5.3% 19% Value$74,332,312 $107,879,217 N/A…
Toronto Stock Exchange Gold equities weaken despite strong bullion
Investors sold off gold shares today, Feb. 7, forcing the index below the 8,000-point level to 7,943.92 points, off 73.73 points on the day. The bout of profit-taking came about despite another jump i…
PRODUCER PRICES (February 12, 1990)
ALUMINUM: MW U.S. Market US64.00- 66.00 cents per lb. (Feb. 1, 1990). ANTIMONY: New York dealer US88-90 cents per lb. (Jan. 25, 1990). BISMUTH: New York dealer US$4.35-4.45 per lb. (Feb. 1, 1990). CAD…
Fishing buddies say `not yet’ to marriage of Hemlo, Crude
This is the first of a regular monthly column by M.R. Brown, publisher emeritus of The Northern Miner. Work and play can make a good mix, even in semi-retirement. A case in point would have to be a vi…
Higher earnings but lower profit for LAC in ’89
Net earnings of US$30.5 million (31 cents per share) for 1989 on revenues of US$186 million were reported by LAC Minerals (TSE), compared with earnings of US$38.4 million (42 cents per share) in 1988 …
Editorial Good pay in mining
Productivity improvements in the mining industry over the past decade has proven to be a mixed blessing for its workers. According to a report from Statistics Canada, mine workers were among the highe…
Barrick chairman sees gold price rising
American Barrick Resources (TSE) expects to produce 565,000 oz. of gold in 1990 at an average cost of US$220-222 per oz., says President and Chief Operating Officer Robert Smith. While Barrick was for…
Apec has plans for ammolite
Calgary-based Apec Mining is hoping to become a major national and international ammolite gemstone supplier. Apec recently joined with Canada Northwest Energy to explore for and mine the mineral in Al…
Placer to drill McConnell property
After an assessment of the 1989 drilling program has been completed, Placer Dome (TSE) plans to drill the McConnell Creek gold property owned by Gerle Gold (VSE). Placer is earning a 60% interest in t…