Glamis tallies year-end loss
Despite record gold production of 29,248 oz, Glamis Gold (TSE) reported a net loss of $5.2 million or 32 cents per share on revenues of $14.05 million for its 1989 fiscal year ended June 30. In its p…
Articles by Northern Miner Staff
Metal prices move up, commodity index down
Metal prices gained but the all- commodity price index of Scotiabank slipped 0.2% in August from the previous month. It was the seventh consecutive monthly decline for the over-all index. The gain (2….
Editorial Interpreting polls
If a poll conducted for the Mining Association of Canada by the Angus Reid Group can be believed, Canadians have a great deal of faith in the mining industry’s ability to carry out its business withou…
Pamorex share price topic of meeting
Concerns about the relatively low share price of Pamorex Minerals (TSE) were voiced by a couple of shareholders at the company’s recent annual meeting. Pamorex is the exploration arm of the Pamour gro…
Sikaman makes wollastonite find
Sikaman Gold Resources (TSE) has made a wollastonite find during the course of gold exploration on its Gilbert property in Nevada. Prospecting has identified three zones, the largest of which strikes …
Metal Prices PRODUCER PRICES (October 09, 1989)
ALUMINUM: MW U.S. Market US79.00 cents – 79.50 cents per lb. (Sept 28, 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. …
Tundra/High Frontier in property pact
Drilling will soon be under way by High Frontier Resources (VSE) on one of eight properties in Louvicourt Twp., Que., the company has optioned from Beaufield Resources (TSE). The properties are near t…
Refractory ores subject of talk
Ken Thomas, vice-president of metallurgy and construction at American Barrick Resources, will review the different types of refractory gold ores and the economics of treating them Oct 12. The event, s…
Metal snips (October 09, 1989)
A fine beryllium powder to be used in the manufacture of new metal alloys to cover aircraft that would fly at 25 times the speed of sound has been produced by researchers in New Mexico, U.S.A. Berylli…
Editorial Mining costs include decommissioning
When it comes to reclaiming property used for mining operations, it’s the mines of yesterday that get the attention, not the mines of tomorrow. The public — including those in the mining industry — …
Montreal Exchange Trading perks up
Investment activity came alive this week with the general market portfolio index climbing almost 59 points and the mining and minerals index gaining more than 49 points. Daily trading volumes were fai…
Oneida, Placer Dome in property deal
A letter of intent has been signed by Placer Dome (TSE) and Oneida Resources (VSE) whereby the former may earn a 60% interest in the Maple Lake and Floating Heart properties of Oneida in the Mishibish…