Spot prices at a glance (November 27, 1989)
Week’s Price (US) Change Gold*$406.60+$16.10 Silver*$ 5.80+$ 0.43 Platinum*$532.50+$22.10 Nickel**$ 4.35$ 0.19 Lead**$ 0.30$ 0.02 Copper$ 1.12–$ 0.07 Zinc$ 0.63$ 0.03 Courtesy of Scotiabank….
Articles by Northern Miner Staff
Editorial Time to bury the flow-through myth
It is time to put an end to the myth of flow-through financing. It was a method of financing mineral exploration that did more harm than good to the industry. It has reinforced all the negative aspect…
No blasting necessary Photo by The Northern Miner
About 35 prominent mining men came out to Howden Canada’s manufacturing plant in Scarborough, Ont., recently to witness the official unveiling of a tunnel-boring machine, designed specifically for har…
NovaGold drilling Mount Pleasant to test tin potential
A small diamond drilling program has been started by NovaGold Resources (TSE) on the Mt. Pleasant tin property in New Brunswick. The company is planning to drill at least two deep holes before year- e…
Barrick and LAC deals tap into new gold rally
American Barrick Resources (TSE) and LAC Minerals (TSE) have wasted little time in capitalizing from the 4-week-old gold rally. Moving quickly to take advantage of renewed investor interest in senior …
Toronto Stock Exchange Indices (November 27, 1989)
1989 Nov 21Nov 20Nov 17Nov 16Nov 15HIGH LOW Composite “300” 3933.613947.533957.573946.023968.664037.833353.13 Metals & Minerals 3362.203385.633403.613371.453418.023919.203207.50 Integrated mines 3500…
Gold price climbs $55 since September low, easily surpasses $400
Surprising more than a few analysts, the gold price has staged a recovery and surged past $400(US) per oz. The precious metal, in a price slump the past few months, has not reached such lofty heights …
Search for base metals
Ian Nichol, geology professor at Queen’s University, Ont., has received $1.6 million to study techniques for locating base metal deposits. The grant was made through the University Research Incentive …
COATS (over-the-counter) Black Gregor active (November 20, 1989)
A large volume of Milestone Resources shares changed hands this week as the issue slipped by 1 cents to close at 24 cents after 51 transactions. The company released preliminary results from eight s…
Last minute rescue deal fails LynnGold closes gold mine
LynnGold Resources (TSE) has been unable to come to terms with the Manitoba government for a financial rescue package. As a result, the company will continue with plans to close its MacLellan gold min…
Alberta Stock Exchange Guinness, Holmer up
In a week when trading patterns could only be described as lacklustre, slight gains were made by a couple of issues which haven’t been in the limelight lately. Guinness Gold Resources advanced by 20 c…
Letters to the Editor Eliminate the Commissar of Mines’
Your editorial of Oct 16, 1989, “Cut to Via are long overdue,” objecting to another industry (railroads) getting money from the taxpayer, is interesting considering there has probably been a hundred e…