Alberta Stock Exchange Barrons chides Borealis
One of North America’s most influential financial publications has taken Borealis Exploration to task for spending flow-through dollars on its Arctic iron ore and gold projects without yet making any …
News
Letters to the Editor Flew with Fecteau
I enjoyed the article on Arthur Fecteau in the Feb 1 issue of The Northern Miner. It was accurate and revealing. I flew extensively with various air transport companies out of Rouyn, Senneterre and th…
Falconbridge, Minnova sued by Opawica over mine royalty
A lawsuit launched against Falconbridge Ltd. and Minnova Inc. dominated discussion at the annual meeting of Toronto-based Opawica Explorations. Opawica, former owner of the Lac Shortt gold mine proper…
Metal Prices FUTURES PRICES (February 29, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Feb 93.70 93.70 93.60 — 14.90 Mar 94.60 …
Noranda up stake in Crown Butte
Toronto-based Noranda Exploration has elected to increase its participation in a Montana polymetallic property by exercising its right to acquire shares of Vancouver- listed Crown Butte Resources. Und…
Editorial There won’t be an oversupply of gold
The price of gold has been rather sluggish of late, breaking that so-called $440(US) barrier on the downside again this week. Naturally, this is causing some concern in investment circles, certainly t…
St. Andrew adds more land to Stock Twp. holdings
In a bid to increase its share of gold reserves at the Stock Twp. property near Timmins, Ont., St. Andrew Goldfields is buying an additional block of claims to the north and east of the property from …
Metal Snips (February 29, 1988)
World crude steel output rose to 734.7 million tonnes in 1987, 2.7% above the tonnage produced in 1986, according to preliminary figures issued by the International Iron and Steel Institute.
Metal Prices PRODUCER PRICES (February 29, 1988)
ALUMINUM: MW U.S. Market 93.50 cents -96.50 cents per lb. (Feb 11, 1988). ANTIMONY: New York dealer $1.14-$1.18 per lb. (Jan 14, 1988). BISMUTH: New York dealer $5.15-$5.40 per lb. (Feb 11, 1988). CAD…
Westar seeks debt relief, along with higher prices
Calling himself an “eternal optimist,” Westar Mining President Peter Dolezal is confident the coal company’s problems will be turned around. The problems, he says, are threefold. Coal prices are too l…
Win-Eldrich resumes work on Nevada gold property
Win-Eldrich Mines has completed a preliminary feasibility study on its Ashdown gold property in Nevada and plans to start a 5,000-ft reverse circulation drilling program before the end of February. Re…
Bentley plans production at California gold mine
Breathing new life into the former producing Bagdad Chase gold mine, Bentley Resources is working towards starting up a 350-ton-per-day operation in October this year. The mine, located in the Mojave …