See Eagle River last paragraph
Hemlo Gold this week acquired an additional 486,600 shares of Central Crude at an undisclosed price through a private purchase agreement with an unspecified seller. Shares of Central Crude have traded…
Articles by Northern Miner Staff
Spot prices at a glance (August 28, 1989)
Week’s Price (US) Change Gold*$366.80–$0.80 Silver*$5.23–$0.01 Platinum*$485.35–$2.65 Nickel**$5.65–$0.34 Lead**$0.32+$0.00 Copper$1.31+$0.05 Zinc$0.88+$0.05 Courtesy of Scotiabank. Information…
Controversy growing over Shoal Lake mine
A confrontation over interprovincial jurisdiction on environmental matters relating to a proposed gold mine at Shoal Lake, Ont., is certain to be one of the issues raised at a mines ministers’ confere…
B.C. mining industry revenues reach record high
Higher base metal prices, increased sales volumes and continued productivity improvements contributed to a substantial increase in gross revenues and profits for the British Columbia mining industry i…
Montreal Exchange Legal complications
Market action heated up this summer following news of the discovery of a massive sulphide copper-zinc discovery by Aur Resources and Societe Miniere Louvem near Val d’Or, Que. Now the scene has shifte…
Production delays at Namew Lake mine
Delays in reaching full production at the Namew Lake nickel mine in northern Manitoba will result in lower than expected nickel output from the mine this year. The Namew Lake mine is 60%- owned by Hud…
Sikaman Gold adds to Ghana interests
Recently adding to its gold interests in Ghana, West Africa, was Sikaman Gold Resources (TSE). The Toronto-based company reports the government of Ghana has assigned rights of the Abosso mine, a forme…
Inco extends gold zones at High River property
Inco Gold, a wholly-owned affiliate of Inco Ltd. (TSE) has completed a $6.5-million underground exploration program on the former producing Snow Lake gold mine near Snow Lake, Man. Held under option f…
Westfield on tract at Choquelimpie mine
Full commissioning of the Choquelimpie gold-silver mine in northern Chile has been achieved by partners Westfield Minerals (TSE) (35%), Shell Chile (42%) and Citibank N.A. (23%). By the end of the sec…
Wrightbar directors oppose amalgamation with Belmoral Mines
The proposed amalgamation of junior company Wrightbar Mines (ME) with Belmoral Mines (TSE) appears to have entered troubled waters. Wrightbar reports three of the company’s five directors have indicat…
Bid anticipated for Kerr copper-gold deposit
The “for sale” sign posted on the Kerr copper- gold project near Stewart, B.C., has piqued the interest of at least 26 major mining companies. Earlier this summer Western Canadian Mining Corp. (VSE) r…
Base-metal find in Yukon excites Lenora president
A potential zinc-lead-copper find in the Yukon near the Faro mine has the president of Greater Lenora Resources (TSE) excited. “We’ll be drilling in two weeks (by the end of August). Tenders are out r…