Correction (October 09, 1989)
Contrary to information published in The Northern Miner last week, a recent report indicating that hole 58 has added 3.8 million tons to the reserve potential at Aur Resources (TSE) and Societe Minier…
Articles by Northern Miner Staff
Spot prices at a glance Week’s Price (US) Change
Gold*$366.05–$ 3.25 Silver*$ 5.23–$ 0.06 Platinum*$491.70+$ 1.70 Nickel**$ 4.89–$ 0.10 Lead**$ 0.34+$ 0.00 Copper$ 1.30+$ 0.04 Zinc$ 0.76+$ 0.01 Courtesy of Scotiabank. Information above believe…
NovaGold starts gold production at Murray Brook
The Murray Brook gold-silver mine has begun production, NovaGold Resources (TSE) says. Situated in New Brunswick, the mine processed 8,050 tons of ore during its 10-day start-up period to produce 237….
Alberta Stock Exchange Integrated makes bid
A takeover bid by Integrated Resources for Northern Minerals (TSE) failed to generate much interest. Integrated was firm at $1.20. Northern, which holds a basket of exploration properties and a placer…
Cuts 216 ft. grading 0.28 oz. Bond gold find near Stewart
Recent drilling by Bond International Gold (TSE) has intersected a significant new gold discovery on the company’s Red Mountain property in northwestern British Columbia. Situated about 15 km east of …
Calpine shareholders group finds Prime offer too low
Shareholders of Calpine Resources (VSE) will soon be shareholders of Prime Resources (VSE). That’s assuming of course that a proposed business arrangement to result in Prime acquiring all Calpine’s sh…
Toronto Stock Exchange Low rate outlooksparks market to new high
A five-day buying spree by investors propelled the composite index to a new high of 4019.74 points. Bullish economic forecasts calling for lower interest rates sparked the Dow Jones index in New York …
Placer Dome to buy back shares
The board of Placer Dome (TSE) has approved a plan to buy up to 16.4 million of its common shares on The Toronto Stock Exchange. When fully exercised, this ordinary course issuer bid would amount to a…
Tests confirm gold grade at Touquooy says Seabright
Initial mill tests have confirmed the grade of the Touquoy gold deposit, Seabright Explorations (TSE) says. Situated near Moose River, N.S., the Touquoy hosts drill-indicated reserves of 1,059,000 ton…
Australian owner may sell Pamour group of companies
Debt problems plaguing the parent Australian corporations of Pamour Inc. (TSE) may result in the sale of some or all of the latter’s mining assets. Pamour’s immediate parent, Giant Resources, is repor…
Rogi raises funds for exploration
An agreement has been negotiated by Exploration Rogi (ME) with Societe en Commandite Miniere McGill whereby the latter will subscribe for 445,313 flow-through shares of Rogi at 32 cents per share, an…
IOCC GOLD OPTIONS (October 09, 1989)
Options Open SeriesVolumeLastInterest Nov 370 C 69 8.001,998 Nov 380 C 76 3.203,129 Nov 400 C 150 1.002,528 Nov 420 C 129 0.60 650 Feb 380 C 5711.50 496 Feb 390 C 61 6.00 437 May 390 C 219…