Stroud seeking new acquisitions
The current weak market for precious metals isn’t preventing Stroud Resources (TSE) from continuing to build reserves on two of its key gold properties in northern Ontario. At the recent annual meetin…
Articles by Northern Miner Staff
Strikes disrupt Peru’s copper production
Copper production has been disrupted in Peru by a strike by that country’s 70,000 miners and the price for copper on New York’s commodities exchange surged as a result. Peru was forecast to produce 34…
Westfield options Dynasty gold bet
Toronto-based Westfield Minerals (TSE) and Northern Dynasty Exploration (TSE) have signed an agreement allowing Westfield to earn a 50% stake in an 86-claim gold property 20 miles north of Savant Lake…
Dynatec, Northfield sign private deal
An agreement in principle has been signed between Dynatec International and Northfield Minerals (ASE) which will see Dynatec purchase 5.3 million Northfield shares at 45 cents per share. Total procee…
COATS (Over-the-counter) McNickel lower
The shares of McNickel Inc. slipped lower by 10 cents this week, closing at $2.90 on a heavy volume of nearly 400,000 shares. President John McAdam reports drilling on the company’s Lac St. Jean, Que….
Equity Silver earnings up 125%
Higher sales volumes of precious metals helped bring about a 125% increase in earnings for Equity Silver Mines (TSE) in the first half of 1989. The Placer Dome (TSE) subsidiary reported earnings for c…
Williams court battle chronology
* 1981 — Junior-mining company International Corona Resources (later to become Corona Corp.) stakes a group of claims in the Hemlo area. — Prospector Donald McKinnon, who took part in the Corona sta…
Noranda, Swedish ally up bid for Falconbridge
A bidding war for Falconbridge Ltd. (TSE) may be under way. Noranda Inc. (TSE) has teamed with Swedish firm Trelleborg AB and made a $2.2-billion(C) offer for the nickel producer. Noranda and Trellebo…
China First options Union Nickel deposit
China First Capital Corp. (VSE) of Toronto says it has obtained an option to earn a 100% interest in the Union Nickel-Copper deposit in Knox County, Maine. The agreement requires China First to pay an…
Queries Peterson certificates rich in history
I would appreciate knowing the history of a company called Peterson Cobalt Mines Ltd. I hold a stock certificate for 500 shares purchased back in 1928 for $1 per share. Also, please advise me regardin…
Metal Prices (August 21, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Aug 15 Aug 14 Aug 11 Aug 10 Aug 9 Copper 1752-175…
Newmont does it again: new hole grades 350 ft of 0.77 oz gold
A $404-million(US) development program at Newmont Gold’s Carlin, Nev. operations is paying off for the 90%-owned subsidiary of Denver-based Newmont Mining. The development program, now almost complete…