Earnings (September 11, 1989)
Northgate Exploration (TSE) reported net income of $880,000 or 0.03 cents per s hare for the second quarter. In the same period last year, the company reported net earnings of $1.3 million or 0.06 cen…
Articles by Northern Miner Staff
McNickle dives
Poor drill results from the Lac St. Jean nickel prospect owned by McNickel Inc. resulted in a sell-off. The issue tumbled to $1.50-$1.75 on active trading today. Results from a series of drill holes, …
Spot prices at a glance (September 11, 1989)
Week’s Price (US) Change Gold* $360.00 –$ 1.20 Silver* $ 5.09 –$ 0.04 Platinum* $475.75 –$ 1.35 Nickel** $ 5.31 –$ 0.41 Lead** $ 0.32 –…
Calpine bids to avoid errors in Eskay Creek assay results
Partners Calpine Resources (VSE) and Consolidated Stikine Silver (VSE) are using an assaying technique they hope will avoid any innaccuracies in t he results r eleased from the Eskay Creek property in…
Corona sells Bond holding
North American gold producer Corona Corp. (TSE) has decided not to pursue an investment strategy to gain control of Bond International Gold (TSE). Corona says it has exercised its right to sell its 7%…
Motherlode mine to produce by year-end
With all necessary permits in hand, construction of a 2,500-ton- per-day heap leach mine has started on the Mother Lode gold property near Beatty, Nev. Commercial production is slated to begin in Dece…
Williams mine running on track ure by
The Williams mine here in Hemlo country, a joint venture between Corona Corp. (TSE) and Teck Corp. (TSE) now that LAC Minerals ( TSE) is out of the picture, is on target to produce approximately 500,0…
Bioleach testing planned at Placer Dome gold mine
Placer Dome Inc. (TSE) is about to examine the commercial potential of a bacteria-enhanced gold recovery system called bioleaching at its Campbe ll gold mine i n Red Lake, Ont. A deal has been signed …
Glimmer encouraged by drill results
Glimmer Resources (TSE) reports encouraging drill results from its gold proper ty in Beatty and Hislop twps. 42 miles east of Timmins, Ont. Two holes were drilled to test a portion of the Destor-Porcu…
Newhawk plans more drilling to test R-8 zone
With a 23,000- ft underground drill program nearing completion on the Sulphurets property north of Stewart, B.C., Newhawk Gold Mines (TSE) is planning to extend the decline (now completed to the 120…
Penzim’s Gulf International in Iskut
With Murray Pezim on board as a director, Gulf International Minerals (VSE) is planning a second-phase work program for its 100%-own ed McClymont Creek property in the Iskut River area of British Colu…
Asarco sells interest in asbestos partnership
A Canadian investor group has purchased the 33.33% interest held by Asarco Inc.’s (NYSE) LAQ affiliate in the LAB asbestos partner ship which operates the wor ld’s largest asbestos mine in Quebec. Th…