Mining Corp. closing doors
Citing a lack of opportunities in the mining construction business, Mining Corp. of Canada says it will wind up its business activities by the end of 1989. The wholly-owned subsidiary of Noranda Mine…
Articles by Northern Miner Staff
Northgate emerges with 50% stake in Neptune gold bet
Toronto-based Northgate Exploration (TSE) has emerged with a bigger stake in Neptune Resources’ (TSE) Colomac gold project after exercising its opti on to acqu ire a 30% interest in the project for $2…
Corona finds new zone at Varna Gold project
Drilling on Ming’s Bight property of Varna Gold (ASE) in Newfoundland continues to yield some interesting results. Exploration there is being financed by Toronto-based Corona Corp. (TSE), which can e…
Pegasus options Comet gold mine
U.S. gold producer Pegasus Gold Corp. (TSE) has secured an option from High River Gold Mines (VSE) to acquire that company’s interest in the Comet mine proper ty in Jefferson Cty., Mont. The project …
Sikaman, partners announce start-up for mine in Ghana
A production decision has been announced for the Bogosu gold project in Ghana, Africa, with the start-up scheduled for the third quarter of 1990. One of the project partners, Sikaman Gold Resources (…
Montreal Exchange More legal action
Mixed results highlighted a holiday-shortened trading week, with the market portfolio gaining almost 9 pts and the mining and minerals index droppi ng almost 8 pts. Daily volumes were consistent, rang…
Mutual has results from Dixie Lake bet
Assay results have been released by Mutual Resources (VSE) from recent drilling on the Dixie Lake gold property 15 miles south of Red Lake, On t. The 141-claim property is centred on a gold-bearing ir…
Cassandra in Unuk play
Cassandra Resources (VSE) has acquired a gold prospect in the Unuk River area of northwestern British Columbia. Located two miles from the Eskay Creek gold d iscovery made by partners Calpine Resource…
FUTURES PRICES (September 11, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Sep130.50 127.70 128.30 + 0.30 Oct– — 127.40 + 0.80 Dec127.50 123.80 124.50 + …
Toronto Stock Exchange Indices (September 11, 1989)
Sept 5 Sept 4 Sept 1 Aug 31 Aug 30 HIGH LOW Composite “300”3998.83 Holiday4014.56401 0.184009.114019.623353.13 Metals & Minerals3860.47Holiday3919.203911.483910.773919.203207.50 Integrated mines4051.9…
Structural changes
“Rationalizing” was a well-used term in the mid-1980s when mining companies were losing money by the skip-load and drastic measures were needed to stay in b usiness. Rationalizing was the response to …
Metal Prices FREE MARKET (September 11, 1989)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Sept 5 Sept 4 Sept 1 Aug 31 Aug 30 Copper 1915-1917 …