Fortunes change hands based on monthly numbers
It had been a relatively quiet market for some time and bullion traders at Shearson Lehman Hutton were awaiting the release by the U.S. government of the consumer price index (CPI) for April. Earlier …
News
Gold helped to open the Manitoba frontier
Gold was often the catalyst that opened new lands in Canada’s north and west, and Manitoba was no exception. Soon after gold was discovered in the Black Hills of South Dakota in 1879, prospectors move…
Messeguay results
Further encouraging results have been reported by Messeguay Mines (ME) from its Launay-Privat gold property located northeast of Rouyn-Noranda, Que. The company says hole ML-88-1 (located 200 ft south…
Shareholders give nod to new Corona Corp.
If there was any doubt the amalgamation of five Royex group companies into one big corporate entity to be known as Corona Corp. would not go ahead, Chairman Ned Goodman dispelled it early. Addressing …
St Andrew announces financing proceeds
St Andrew Goldfields (TSE) has announced the receipt of proceeds from the May 4 underwriting of a 25-million(SFr) issue of convertible bonds. The issue was underwritten by a Swiss-based bank consortiu…
Oz and Norwood active at Forsan
A conservative estimate of reserves at the Forsan gold deposit located southeast of Val d’Or, Que., indicates 311,431 tons grading 0.14 oz gold per ton, Oz Exploration (ME) and Norwood Exploration (ME…
Low key Cambior Inc. growing at a fast pace
Since Quebec crown corporation Soquem spun off its assets in 1986 to form Cambior Inc. (TSE), the new entity has been one of the least vociferous of Canada’s mining outfits. Rather than boast about it…
Editorial Canadians shine in U.S. gold race
Because gold mining has once again become a highly profitable business — and with strong evidence that its price will at least hold to around today’s rewarding levels — a worldwide search for this l…
Meridor explores Iskut property
First phase of a $500,000 exploration program was started recently by Meridor Resources (VSE) at the Iskut property in the Stewart gold camp in northern British Columbia. The program consists of groun…
Uranium Resources leaching in situ reserves in Texas
Dallas-based Uranium Resources, which now trades on the Vancouver Stock Exchange, wants to become a significant player in the United States uranium industry. The company specializes in the solution mi…
Foreign exchange effects on metal prices
At first glance, the effects of foreign currency zig-zags and inflation fears on mining are difficult to picture. Perhaps one way is to treat them simply as a foreign remittance being sent to you mont…
U.S. Report
This week’s issue of The Northern Miner is the first to include a new, regular report on mining activities in the United States. In recent years, gold mining in the western U.S. has increased consider…