Eagle Lake negotiating
Eagle Lake Explorations (ASE) is negotiating the terms of a deal, which if concluded, would lead to drilling on its lead-zinc prospect in the Anvil area of the Yukon. The claims are 12 mi northeast of…
Articles by Northern Miner Staff
Falconbridge profit down on lower nickel price
Slightly lower prices for base metals combined with increasing costs resulted in reduced second- quarter earnings for major nickel miner Falconbridge Ltd. (TSE). The company reports that markets for i…
Minerex profits go back to Aurora
Proceeds from gold and silver sales in fiscal 1989 at the Aurora mine of Minerex Resources in Nevada will be used for operations, debt repayment and waste stripping, said President Rodney Duncan. Mine…
Problems at Elliot Lake mine reflected in Denison results
While Toronto-based Denison Mines (TSE) is still negotiating to sell its oil and gas assets before concentrating on uranium mining, the wisdom of that decision has yet to be reflected on the company’s…
Phelps Dodge could expand exploration activity in Canada
Phelps Dodge Corp. (NYSE), the largest copper producer in the United States, is reported to be contemplating beefing up its exploration role in Canada. The company has not been active in Canadian ex…
IOCC GOLD OPTIONS (July 31, 1989)
Options Open Series Volume Last Interest Aug 390 C 445 1.50 1,808 Nov 400 C 188 5.00 2,147 Nov 380 C 147 1.20 1,551 Aug 400 C 116 0.50 3,398 Aug 380 C 64 …
Report from Australia Uranium policy review
It seems that the anti-uranium wing of Australia’s governing party has again succeeded in delaying any change in the current restrictive policy on uranium mining. A special Labour Party committee was …
INSIDER TRADES (July 31, 1989)
Aurizon — F. Lang bought 30,000 (June) @ $26 to hold 608,763. Dauntless Dev. holds 285,758. Cane — Jonpol bought 86,000 (June, private) @ 8 cents to hold 1,000,000. Coral Gold — G. Greer holds 1,8…
Placer Dome encouraged by Mexican Hat results
Drilling by Placer Dome Inc. (TSE) on the Mexican Hat project in Arizona is returning encouraging results. The property is held under option from Oneida Resources (VSE). Results from drilling include …
Kennecott Corp. reborn after RTZ takeover
A new, but time-honored name has been resurrected for BP Minerals America following its takeover by the giant RTZ Corp. The company will now be known as Kennecott Corp. and operate as a wholly- owned …
Editorial Northern spirit
Mining men and women have always had to face the vagaries of Mother Nature not only underground but on land as well. Imparted with a pioneering and adventuresome spirit, such people faced hardships in…
Malartic gains Val d’Or gold property from Audet
Malartic Hygrade (VSE) has acquired from the Audet family, a 20-claim property in Bourlamaque Twp. Que., two miles east of the Sigma and Lamaque mines in Val d’Or. The claims are within 10 miles of th…