Metal Prices PRODUCER PRICES (August 21, 1989)
ALUMINUM: MW U.S. Market US82.00 cents – 83.50 cents per lb. (Aug 3, 1989). ANTIMONY: New York dealer 95 cents -$1.00(US) per lb. (July 20, 1989). BISMUTH: New York dealer $5.45-$5.50(US) per lb. (Aug…
Articles by Northern Miner Staff
FINANCING (August 21, 1989)
VANCOUVER Couverden Point Res — gross proceeds rec $315,000 Ecstall Mng — 500,000 sold for gross $225,000 Goldnev Res — 2,600,000 sold for gross $2,730,000 Marina Expls — sold for gross $227,500 B…
Tunnelling symposium
An international symposium on tunneling and underground space development is set for Tokyo on April 9-12, 1990. The symposium will cover topics such as developing underground resources, technology, eq…
News in Brief (August 21, 1989)
Liberian Iron Ore Ltd. (TSE) has announced that mining has stopped at its 37.5%-owned LAMCO joint venture mine in Yekepa, Liberia. Ore processing and shipping will continue until late 1989 from the or…
Asquith plans to drill Shiningtree gold properties
Toronto-based Asquith Resources (COATS) plans to carry out a $250,000 exploration program on its 72-claim gold property in the Shining Tree area of northern Ontario. Drilling is scheduled on the forme…
Beaufield drilling (August 21, 1989)
Falconbridge Ltd. (TSE) and Beaufield Resources (TSE) have started another drill program on their East Rouleau gold project near Lac Berry, Que. The drill program will test targets identified by groun…
Black Hawk drilling Minago nickel bet
Toronto-based Black Hawk Mining (TSE) has started a 10,000-ft diamond drilling program on the Minago nickel property near Wabowden, Man. The company recently bought a 100% interest in the property fro…
FUTURES PRICES (August 21, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Aug121.85 121.85 121.85 + 11.15 Sep122.50 118.80 121.50 + 11.40 Dec119.60 116.30 11…
Gold funds as of August 15
MPV BGR Central Capital Net value$11.78 $ 5.89 $0.57 Price$10.375 $ 5.88 $0.36 Discount 11.93% .3% 36.8% Value$70,145,045.73 $99,142,913 N/A…
Jack McOuat honored
Dr Jack McOuat of Watts, Griffis and McOuat Ltd. has been named an officer of the Order of the Sons of Martha by the Association of Professional Engineers of Ontario. The honor is in recognition of Mc…
INSIDER TRADES (August 21, 1989)
Anglo Canadian — R. Kemeny holds 442,801. Atlantic Inv. sold 29,000 (July @ 18 cents to hold 128,000. Black Cliff — N. Kacira bought 87,500 (July, private) @ 41 cents to hold 968,849. Cabre — G. M…
Hemlo dispute ends Court upholds decision awarding Williams gold
The largest underground gold mine in Canada belongs to Corona Corp. (TSE), the Supreme Court of Canada has ruled. The court upheld a decision rendered in 1986, which awarded the Williams mine in the H…