Articles by Northern Miner Staff

Higher gold output boosts Corona earnings in 1989

Earnings of $49.1 million (32cents per share) for 1989 before unusual and extraordinary items were reported by Corona (TSE), compared with restated earnings, before unusual and extraordinary items, of…


Major funding for Plexus Res.

An agreement has been reached between Total Energold (TSE) and Plexus Resources (TSE), whereby Total will subscribe for a private placement of six million common shares of Plexus at $3 per share. The …


Beaufield drilling (March 05, 1990)

A $175,000 drilling program is under way on Beaufield Resources’ (TSE) Lac Rouleau gold property held jointly with 52.5% partner Falconbridge Ltd. in northern Quebec. The property is about 70 miles no…



Brenda reports $9 million loss

For the year ended Dec. 31, Brenda Mines (TSE) reported a loss of $9.4 million or $1.93 per share on revenue of $49.8 million. That compares with net earnings of $14.6 million or $3 per share on reven…


Coral and Amex cut deal

An agreement has been finalized for the development of the Robertson gold property owned by Coral Gold (TSE). Under the agreement, Amax Gold (NYSE) can earn a 70% interest in the property by spending …


Gold funds as of Feb. 27

MVP BGR Central Capital Net value $12.54% –$6.49% $0.43 Price $11.00% –$6.625% $0.37 Discount 12.28% 2.1%5 –14% Value $74,634,533 $109,330,469 N/A…


Editorial Capital gains should reflect reality

With the wave of a hand Finance Minister Michael Wilson has swept away the Canadian Exploration Incentive Program (CEIP), a system of grants upon which many mineral exploration companies had based the…


Magma’s 1989 results record for company

Despite lower production at its Pinto Valley Division, Arizona- based Magma Copper (NASDAQ) achieved record earnings last year. Magma’s net income for the year ended Dec. 31 was US$58.5 million or US$…


Toronto Stock Exchange Indices (March 05, 1990)

Feb. 27 Feb. 26 Feb. 23 Feb. 22 Feb. 21 HIGH LOW Composite “300” 3660.28 3649.49 3652.59 3668.62 3672.46 4009.47 3649.49 Metals & Minerals 2946.90 2947.75 2921.03 2936.26 2959.23 3453.05 2921.03 Integ…


FUTURES PRICES (March 05, 1990)

N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in UScents per lb.) Mar113.75 111.50 111.90 1.10 Apr110.50 108.80 108.90 1.35 May107.40 105.80 106.75 SILVER (in UScents per oz.) Mar5…


Franco-Nevada to issue half a million warrants

Toronto-based Franco-Nevada Mining (TSE) says it has agreed to issue 500,000 special warrants at $20.75 each. First Marathon Securities and Gordon Capital Corp. have agreed to purchase the special war…


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