Montreal Exchange Latest Grevet results
The volatile gold market had a negative effect on resource issues for the week ended Feb. 6, with the mining and minerals index off more than 19 points in mixed trading. The general market portfolio i…
Articles by Northern Miner Staff
Ralph Bailey receives AMC’s service award
Ralph Bailey, 65, has been named the recipient of the fourth Distinguished Service Award of the American Mining Congress (AMC). He served as chairman of AMC 1983-85 and remains an honorary member of i…
VSM, Serem confident of boosting reserves
The latest drilling results from the Grevet M zinc-copper-silver project near Matagami, Que., should significantly increase reserve estimates, say project partners VSM Exploration (ME) and Serem Quebe…
Apec has plans for ammolite
Calgary-based Apec Mining is hoping to become a major national and international ammolite gemstone supplier. Apec recently joined with Canada Northwest Energy to explore for and mine the mineral in Al…
Staking disputes escalate in Eskay Creek camp
Complicated and messy claim disputes are spreading like wildfire through the Eskay Creek region, north of Stewart, B.C., a rugged and remote area brought to prominence by a significant gold-base metal…
Falling commodity prices cut into Noranda earnings
Earnings for 1989 of $442 million ($2.19 per share) after preferred dividends were announced by Noranda (TSE), compared with $603 million ($3.14 per share) for the previous year. Revenue for the year …
CopperQuest funding
CopperQuest (COATS) has raised $300,000 after completing a public offering of 1.5 million shares at 21 cents per share. The funds will be used to finance exploration on the company’s Knife Lake copper…
Metal Prices (February 12, 1990)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) DateFeb 6Feb 5Feb 2Feb 1Jan 31 Copper1326-13271329-13311364-13651326-13281304…
BMR finds new gold zone at America mine project
Some encouraging gold intersections were reported recently by BMR Gold (ASE) from its America mine project, 120 miles south of Las Vegas, near Amboy, Calif. Under an agreement with Fischer- Watt Gold …
Mercator plans to raise $7.8 million
A $7.8-million public share offering is being planned by Mercator Resource (ASE), following its recent acquisition of all the outstanding shares of Arimetco, a U.S. company. Mercator previously issued…
Six rigs on site at Eskay Creek
Operator Calpine Resources (VSE) has six diamond drill rigs continuing to test the 21 zone discovery at Eskay Creek with both stepout and infill drilling. The company and equal partner Stikine Resourc…
Cooler base metal climate reflected in Inco results
The boom in base metal prices which appears to have fizzled out for the time being was reflected in the annual earnings reported recently by Toronto-based Inco (TSE). Inco’s earnings for the year ende…