Metal Prices PRODUCER PRICES (August 07, 1989)
ALUMINUM: MW U.S. Market US80.25 cents – 82.25 cents per lb. (July 27, 1989). ANTIMONY: New York dealer 95 cents -$1.00(US) per lb. (July 20, 1989). BISMUTH: New York dealer $5.50-$5.65(US) per lb. (J…
Articles by Northern Miner Staff
Wharf set for record output
After a $9-million capacity expansion last year, Wharf Resources’ (TSE) Annie Creek heap leach mine, a few miles south of this mining town, is on target to set a production record. Wharf is aiming at …
Inco Gold restructuring creates another company
Inco Ltd. (TSE) has made a few modifications to Inco Gold, the company’s wholly-owned gold mining and exploration arm. Inco Gold will manage Inco’s gold properties which are in production or near prod…
Safest mines in the U.S. honored
The safest mines in the United State were honored recently with the “Sentinels of Safety” award presented by the American Mining Congress and the Department of Labor. To qualify for the award a mine m…
Vancouver Stock Exchange Alaskan project boosts Fairbanks 50^
It may not be happening in any major way in Vancouver, but brokers here are heartened by the recent upswing in trading activity on the big boards back East. However, unlike several years ago when juni…
Corona drilling Varna’s Mings Bight
Corona Corp. (TSE) has started a diamond drilling program on Varna Gold’s (ASE) Mings Bight property in Newfoundland. Drilling is testing the Lightning zone which hosts three mineralized zones in a se…
Cassiar Mining earnings soar
Cassiar Mining Corp. (TSE) reported net earnings of $17.87 million or 98 cents per share for the 6-month period ended June 30, compared with earnings of $5.32 million or 31 cents per share for the c…
Editorial Flow-through program needs support
From 1983 to 1988, flow-through funded exploration programs in Canada led to the discovery of more than 200 mineral deposits resulting in the creation of 115 advanced stage exploration projects, accor…
Borealis suing NIM for sale of shares
Legal proceedings have been launched by Calgary exploration company Borealis Exploration (ASE) against NIM Management Ltd., and a number of its partnerships and mutual funds. In the law suit, Borealis…
Dofasco sells stake in iron ore operation
Having recently completed the purchase of 100% of Quebec Cartier Mining, Dofasco Inc. of Hamilton has sold a 50% interest in the company to two partners. The steelmaker’s new partners (each with a 25%…
Mine finance meeting
A mining finance conference will be held Oct 30 in London, England by the Institution of Mining and Metallurgy. The one-day meeting will discuss recent developments in gold loans, Canadian exploration…
New reserve calculation expected for Chu Chua
Recent drilling by Minnova Inc. (TSE) is expected to translate into an increase in contained tonnage for the Chu Chua massive sulphide project located near Kamloops, B.C. The property is located withi…