NO HEADLINE (March 12, 1990)
TEXT: About to enter production is the newest of Canada’s northern mines, the ambitious Colomac gold project of ABM Gold (AMEX), which is 50% owned by Northgate Exploration (TSE). The mine is located…
Articles by Northern Miner Staff
Grade improving at depth on Astoria gold project
Impressive gold grades are being confirmed by recent underground exploration work on Belmoral Mines (TSE) and Yorbeau Resources’ (TSE) Astoria gold project, three miles south of here. The companies ha…
Equity earnings more than double
Increased sales volumes of gold and silver plus lower production costs more than doubled earnings for Vancouver-based Equity Silver Mines (TSE). Net earnings for the year ended Dec. 31 were $20.6 mill…
Gold production up at Malartic Hygrade
With mill construction at its Congress gold mine under way, Malartic Hygrade Gold Mines (VSE) is looking forward to becoming a much larger gold producer. In 1989, output from a number of Malartic’s Va…
Audrey planning an offer for Asamera Min. assets
Polymetallic miner Audrey Resources (TSE), based in Rouyn- Noranda, Que., is hoping to pick up where Corona left off by making a takeover offer for the Canadian and U.S. mineral assets of Asamera Mine…
US$9.3 million budget for Fort Knox
The development of the Fort Knox property, near Fairbanks, Alaska, is scheduled to resume May 1. Fairbanks Gold (VSE), 51% owner of the property and the project operator, plans to spend US$9.3 million…
Timmins Nickel producing again
Junior nickel miner Timmins Nickel (TSE) has resumed production and is increasing output at its 51% owned Redstone mine near Timmins, Ont. The company says it will return to an annual production rate …
Spot prices at a glance (March 12, 1990)
Week’s Price (US) Change Gold* $402.60 $ 6.50 Silver* $ 5.14 +$ 0.02 Platinum* $508.55 –$ 2.95 Nickel** $ 3.96 +$ 0.54 Lead** $ 0.45 +$ 0.06 Copper $ 1.18 +$ 0.07 Zinc $ 0.72 +$ 0.03 Courtesy of Scot…
Golden Pacific commences exploration
Exploration and development have commenced on the Penon Blanco property in Mariposa and Tuolomne counties, Calif. Owner Golden Pacific Resources (ASE) is currently engaged in line cutting, geological …
Breakwater issues flow-through shares
Flow-through shares with a value of up to $1 million will be issued by Breakwater Resources (TSE) to CMP 1990 Resource Partnership, at a negotiated premium to the average market price of Breakwater sh…
Inco US subsidiary in Alaska gold deal
American Copper & Nickel (ACNC), a subsidiary of Inco’s (TSE) U.S. wing, has entered into a joint venture agreement with Silverado Mines (VSE) to develop Silverado’s Ester gold property in Alaska. Whi…
`Use it or lose it’ concept raises ire of junior company
Drafting the regulations that will govern assessment work rates in Ontario is proving to be a controversial exercise. At least one junior exploration company has accused the Ontario government of adop…