Jury out on discovery in Galore Creek camp
Reports of a significant new discovery in the rugged and remote Galore Creek region of northwestern British Columbia have generated another flurry of speculative trading on the Vancouver Stock Exchang…
Articles by Northern Miner Staff
Positive results from Tulsequah Chief
Impressive assay results from the first hole drilled this season at the Tulsequah Chief polymetallic project in northwestern British Columbia have prompted partners Cominco (TSE) and Redfern Resources…
Falconbridge spending $10 m this summer at Ungava project
Falconbridge Ltd. expects to complete 75,000 ft. of drilling on its remote Ungava, Que., nickel deposit before freeze-up occurs at the remote location later this month. While a Falconbridge official s…
Ego financing
Toronto-based Ego Resources (TSE) has arranged a private placement of 1.25 million units at 40 cents per unit with Nanisivik Mines, a unit of Conwest Exploration (TSE). The units consist of a mixture …
Barrick set to raise $122.5 million
American Barrick Resources (TSE) recently filed a preliminary prospectus for a $122.5-million public offering designed to enable the Toronto company to pay down debt and finance exploration and develo…
U.S.REPORT Brush Creek reports discovery
Keewatin Engineering was recently retained by Brush Creek Mining and Development (NASDAQ) to assist in evaluating a high-grade gold discovery made on a former producer in California’s famed Motherlode…
Agnico breaks out red ink despite production increase
The recent merger with Dumagami Mines may have boosted Agnico-Eagle Mines’ (TSE) second quarter gold output but the Toronto-based company is still operating in the red. Agnico-Eagle reported a net los…
Cambior reports earnings of $6.9 million as output increases,
Net earnings of $6.9 million (22 cents per share) on revenue of $39.2 million were recorded by Cambior (TSE) for the second quarter, compared with $5.2 million (22 cents per share) on revenue of $30.2…
FUTURES PRICES (August 20, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Aug — — 134.00 + 6.50 Sept — — 132.85 + 5.55 Oct — — 129.85 + 4.40 SILVER (in US cents per oz.) Aug — — 5…
EDITORIAL PAGE Desperate measures
It is sad to watch one of the country’s great mines, now fallen on hard times, become the battleground for a bitter labor dispute that threatens to prove tragic. The Dome gold mine in South Porcupine …
Giant Yellowknife earnings slip
Consolidated earnings of $198,000 (2 cents per share) for the first half of the year were reported by Giant Yellowknife Mines (TSE), compared with $544,000 (6 cents per share) for the same six months …
Investors ponder implications of judge’s Aur/:Louvem decision
Dozens of brokers and mining investors were forced to play an unexpected waiting game recently while a Quebec judge considered a request by Noranda (TSE) for a temporary injunction to prevent St. Gene…