Alberta Stock Exchange Borealis gains $1
A lawsuit launched by Borealis Exploration against NIM Management Ltd. and several of its partners, has translated into a healthy increase in the price of Borealis shares. They gained a $1 this week o…
Articles by Northern Miner Staff
Books in Review (August 28, 1989)
This is the first book to situate the Canadian mineral trade and Canada’s changing status as a resource exporter and importer within the context of the ongoing debate over strategic minerals. As such,…
Cassandra, Minnova drill Line property
A reverse circulation drill program is under way on the LINE claim property held under option by Minnova Inc. (TSE) from Cassandra Resources (VSE). The property is in Nevada. Minnova, which is conduct…
Dia Met buys diamond processor from LAC
Dia Met Minerals (VSE) of Kelowna, B.C., has reached an agreement in principal to purchase the diamond exploration program of LAC Minerals (TSE). Included in the package is a diamond processing plant …
Earnings Report (August 28, 1989)
Echo Bay Mines (TSE) posted a net profit of $7 million(US) or 7 cents per share for the second quarter. In the same period last year net earnings were $12.3 million or 13 cents per share. Revenue for…
NDU quiet despite results from Marg metals project
Partners NDU Resources (VSE) and Cameco (Canadian Mining and Energy Corp.) continue to explore a massive sulphide discovery near Mayo, Y.T., which has yet to attract some market interest. NDU holds a …
Open pit mining course offered by Queens
A 3-week course on open pit mine design and operation will be held at Queen’s University in Kingston, Ont., Oct 30 to Nov 17, 1989. The course is divided into four sessions: mine feasibility and desig…
Black Swan ends first drill phase at Tas bet
Vancouver-based Black Swan Gold Mines (VSE) has completed phase one of an exploration program designed to test for continuity of gold/copper mineralization in four high grade sulphide zones at the Tas…
Nevada mineral reports
The Nevada Bureau of Mines and Geology is issuing a new series of reports on the mineral and energy resources of the state. The reports contain 1:100,000-scale topographic maps containing information …
Metal Prices (August 28, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Aug 22 Aug 21 Aug 18 Aug 17 Aug 16 Copper 1799-1…
Copper Range purchase boosts Metall’s profit
The Copper Range mining and smelting operation at White Pine, Mich., has helped to boost second- quarter earnings for owner Metall Mining Corp (TSE). Acquisition-oriented Metall purchased all the outs…
Tailings treatment project has yet to reach output target
Daily gold production remains short of design target but the tailings treatment project of ERG Resources (TSE) at Timmins, Ont., has reached the stage where revenues approximate operating costs, the c…