Cross-Cuts IN A GOLDEN RUT
South African gold production has remained stagnant at about 620 tonnes per year since 1985. Taking up the slack has been the rest of the non-communist world, which boosted production to 970 tonnes la…
Articles by Northern Miner Staff
Vancouver Stock Exchange (October 02, 1989)
Trading activity in Vancouver continues to be dominated by companies in Murray Pezim’s stable. But this week most issues under the Prime group umbrella continued to weaken from the lofty highs achieve…
KIDD CREEK #3
Work has begun on the No. 3 mine at the Kidd Creek deposit in Timmins, Ont. That’s not to say you’ll see a third headframe there next year. But it does mean another shaft will be sunk — an internal s…
Deductibility of Exploration Expenses Threatened
The Australian Taxation office has released a draft ruling that would severely limit the tax deductions available to mineral exploration companies. The ruling, which has been circulated to the industr…
Montreal Exchange: Mixed-trading pattern
Mixed trading highlighted a week during which investors mulled over the latest results from the massive- sulphide copper-zinc Louvicourt Twp. project and observed the official opening of a new gold mi…
Carolin active
The class A shares of Carolin Mines were active this week gaining 2 cents on a volume of 134,000 shares. The company owns the old Landner Creek gold mine near Hope, B.C. and another gold property curr…
Juniors face GST financing costs
The federal government has proposed a broadly based consumption tax that will apply at the rate of 9% to the Canadian consumption of most goods and services commencing Jan 1, 1991. This Goods and Serv…
QUEENSTON
The next underground gold mines to start pouring the yellow metal along the Kirkland Lake Break in northeastern Ontario very well may be two former producers: the Upper Canada and the Upper Beaver min…
Moneta, Nahanni Sept 22
A 20,000-ft drill program has been completed by Moneta Porcupine Mines (TSE) and Nahanni Mines (TSE) on their Michaud Twp., Ont., claims 65 miles east of Timmins. The program has confirmed the presenc…
IOCC GOLD OPTIONS (October 02, 1989)
Options Open SeriesVolumeLastInterest Nov 360 C .48915.002,929 Nov 370 C .2218.001,960 Nov 380 C .3924.503,107 Nov 390 C .1312.502,341 Feb 370 C .4417.00 277 Feb 380 C .15311.00 444 Feb 390 C * 60 5.5…
US gold week
Gold Week celebrated The gold industry in the U.S. will celebrate “America’s Gold Week” Oct 2-8. The Gold Institute of Washington will co-ordinate the week’s activities, including a reception/exhibit…
James to serve as a director of Falconbridge
The takeover of Falconbridge Ltd. (TSE) by Noranda Inc. (TSE) and Trelleborg AB of Sweden may have moved Bill James out of the president’s office but not away from the company completely. The outspoke…