News

With a banner year for earnings behind it and another one shaping up, Mineral Resources International (TSE) continues scanning the horizon for new opportunities and sources of revenue. “We could easil…

Gold Vessel Resources (ASE) reports completion of a private placement with 158474 Canada Inc., by which the numbered company has acquired more than 2.1 million A common shares of Gold Vessel at 18.75 …

The official opening of the Magnacon mine, this area’s first producer, ushers in what promises to become a significant new Canadian gold camp. An impressive looking plant, it is owned 50% by Flanagan …

Gold output at Golden Knight Resources (TSE) 40%-owned Casa Berardi East project in northwestern Quebec averaged just under 4,400 oz per month for the first five months of 1989, Brian Keevil, presiden…

A letter writer to The Northern AMiner newspaper back in late A1969 was puzzled as to how the fledgling Brenda Mines operation would ever make money. Brenda would produce fewer than 4 lb of copper fr…

Toronto-based Lencourt Ltd. (TSE) has entered into an agreement with Billiton International Metals, B.V., which could see the latter company acquire Lencourt’s interest in a Zaire gold project. Billit…

The Northern Miner now can confirm its June 6 report regarding the sale of copper by U.S. producers to a foreign government (namely, France) for immediate delivery. However, the amount delivered was 5…

ALUMINUM: MW U.S. Market US87.50 cents – 90.00 cents per lb. (June 15, 1989). ANTIMONY: New York dealer 98 cents -$1.00(US) per lb. (June 22, 1989). BISMUTH: New York dealer $6.00-$6.10(US) per lb. (J…

Another six wedged holes are planned for Chance Mining and Exploration’s (COATS) base metals property this year, shareholders learned at the company’s annual meeting. Owned 100% by Falconbridge Ltd. (…

Management spends so little of Mits time in managing people, Mand it seems the more senior the manager, the less time he or she spends on this all-important matter. Mine planning, corporate planning, …

Financially strapped Golden Shield Resources (TSE) recently lost its major shareholder after Kerr Addison Mines (TSE) sold its holdings in the Kirkland Lake area gold producer. Kerr, which sold the lo…

Louis Antoine de Bougainville, a nineteenth century French navigator, is probably best remembered for the large, bright tropical plant that bears his name, bougainvillaea. In mining circles, however, …