Tentative pact at Highland Valley
A tentative settlement has been reached in the 3-month strike at the Highland Valley copper mine near Kamloops, B.C. The mine, which produces about 2.5% of the non-Communist world’s copper output, has…
Articles by Northern Miner Staff
Pioneer struggling to avoid cash crunch
The recent shutdown of the Puffy Lake gold mine in Manitoba and the slow start-up of the 40%-owned Premier Gold mine near Stewart, B.C., have strained the financial resources of Pioneer Metals (TSE). …
Letters to the Editor New York researcher seeks information
I am writing to ask your assistance in contacting any miners, mining engineers or other similar persons who may have an interest in New York State mining. I am currently gathering information on the s…
Market plunge a non event on Alberta Stock Exchange
If he hadn’t read about it in the newspaper Alberta Stock Exchange President Tom Cumming said he wouldn’t have been aware of the Oct 13 market plunge. While the Dow Jones industrial average dropped 19…
Metal Prices PRODUCER PRICES (October 23, 1989)
ALUMINUM: MW U.S. Market US80.50 cents – 81.50 cents per lb. (Oct 12, 1989). ANTIMONY: New York dealer US94 cents -98 cents per lb. (Sept 14, 1989). BISMUTH: New York dealer $4.80-$4.90(US) per lb. (…
Orex plans to mine Goldboro to prove its economic viability
Quebec-based Exploration Orex (ME) is about to develop a large sub-level retreat longhole stope in the upper reaches of the Goldboro deposit, The Northern Miner learned on a recent visit to the proper…
Free Seminar
Geostat Systems International offers a free seminar on “Microcomputer Orebody modelling” to be held in Toronto at the Royal Hotel Nov 23. For registration, contact Geostat Systems International, Claud…
RFC raises $5 million for Orielle feasibility study
A $5-million financing has been completed by RFC Resource Finance Corp. (TSE). The cash was raised from the sale of 2.6 million special warrants by Bunting Warburg. Each special warrant was sold at $2…
FMC to explore Getchell’s Rock Creek property
An exploration agreement has been signed between Vancouver- based Getchell Resources (VSE) and FMC Gold (NYSE) in order to continue exploration and development work on the company’s Rock Creek propert…
Major company may acquire Uranium Resources
A non-binding letter of intent is setting the stage for an undisclosed major public company to acquire all the outstanding shares of Uranium Resources (TSE). The proposed transaction was announced by …
Big plans for Windy Craggy hinge on copper price
The Windy Craggy copper-gold deposit, about 200 km southwest of here in northwestern British Columbia, could contribute more than 1% of world copper production if it is ever put into production, says …
Addwest option
An option to acquire Addwest Gold has been assigned by Magma Copper (Amex) to Canyon Resources (NASDAQ). The option involves a purchase price of $33 million(US) plus certain contingent payments. Addwe…