Gold Torch acquires stake in Goldstream
Gold Torch Resources (VSE) has acquired a one-third interest in the Goldstream copper-zinc mine and mill complex located near Revelstoke, B.C. To acquire its interest Gold Torch paid $5 million to Bet…
Articles by Northern Miner Staff
Chutine arranges private placement
Toronto-based Chutine Resources (VSE) has made a $150,000 private share placement agreement with Waverley Mining Finance PLC of Great Britain. The proceeds of the private placement will be used for ge…
Copper Range prominent in Metall’s healthy profits
Having recently bagged a large U.S. copper mine for $83 million (US), Toronto-based Metall Mining (TSE) has set out to make the most of its investment. With production from the Copper Range mine expec…
People (September 04, 1989)
DEJOUR MINES — L.J. (Jack) Gunter appointed president and chief executive officer and to the board.
Curragh, Hillsborough complete drilling program at Mt Hundere
A major drill program comprising 58,000 ft in 74 holes has been completed on the Mt Hundere zinc- lead-silver property in the Yukon Territory by partners Hillsborough Resources (TSE) and Curragh Resou…
Toronto Stock Exchange Lively base metals help keep market active
Bouyant investor interest in base metal stocks helped push the integrated mines index higher to 4081.06 points this week. The Toronto Stock Exchange’s 300 composite index, a wide measure of Canadian s…
Spot prices at a glance (September 04, 1989)
Week’s Price (US) Change Gold*$361.20–$ 5.60 Silver*$ 5.13–$ 0.10 Platinum*$477.10–$ 8.25 Nickel**$ 5.72+$ 0.07 Lead**$ 0.34+$ 0.02 Copper$ 1.36+$ 0.05 Zinc$ 0.84–$ 0.04 Courtesy of Scotiaba…
Black Hawk’s Minago yields good results
The first hole in a drill program under way on Black Hawk Mining’s (TSE) Minago nickel property has intersected encouraging results in a northeast extension to the main zone. The Minago nickel project…
Brazil freezes foreign companies’s remittances
A recent action by Brazil to retain all foreign companies’ remittances of profits and dividends is likely to discourage overseas investors from considering any new projects in that country. The move h…
Cheni earnings (September 04, 1989)
First-half earnings for Cheni Gold Mines (TSE) were $901,000 or 8 cents per share after extraordinary items. Cash flow during the period was $2.36 million, due largely to Cheni’s Lawyers gold mine in …
Rigorous scrutiny ahead for Shoal Lake gold project
Following months of intense political lobbying by concerned citizens groups, Consolidated Professor Mines’ (TSE) Duport gold project at Shoal Lake Ont., has been designated under the Environmental Ass…
South American Gold has Akaiwong results
Toronto-based South American Goldfields (TSE) has released initial deep auger drill results from its Akaiwong property under option to Homestake Exploration in Guyana. The Akaiwong property comprises …