People (July 31, 1989)
COMMODITY EXCHANGE INC. (COMEX) — Arnold F. Staloff appointed president and chief executive officer succeeding Alan J. Brody who has resigned.
Articles by Northern Miner Staff
Teck setting stage for possible Aur takeover
Teck Corp. (TSE) and Vancouver-based Cominco Ltd. (TSE) have purchased 19% of the issued common shares of Aur Resources (TSE) for $35.47 million and secured a foothold in Aur’s massive sulphide discov…
Alberta refuses to lift Shabu cease trading order
Shares of Shabu Gold Mines (ASE) cannot resume trading on the Alberta Stock Exchange until officers of the company file a new prospectus, the Alberta Securities Commission has ruled. After a 3-day hea…
Spot prices at a glance (July 31, 1989)
Week’s Price(US) Change Gold* $371.50 –$ 8.00 Silver*$ 5.21 –$ 0.01 Platinum* $492.00 –$ 7.50 Nickel** $ 5.87 +$ 0.25 Lead** $ 0 .31 –$ 0.01 Copper $ 1…
SouthernEra deal
SouthernEra Resources (TSE) has completed a private placement of 750,000 units at 25 cents per unit with SPNA Syndicate. Each unit consists of one common share and a half share purchase warrant. One …
Lord River program enhances potential
Some encouraging results have been reported by Lord River Gold Mines (VSE) from its Trout Creek property, 15 miles southeast of Carlin, Nev. Five holes totalling 2,280 ft were drilled in the central f…
Eastmaque Gold records net profit
Eastmaque Gold Mines (TSE) reported net earnings of $682,225 for the nine months ended March 31. A net loss of 1 cents per share was recorded because of accrued dividends on the 8% outstanding prefer…
NovaGold placement
NovaGold Resources (TSE) has completed a private placement of shares through Swiss Canada Capital. The company sold 750,000 shares at an undetermined price. The buyer was Pierre Besuchet, a Swiss-base…
Noramco options Ont. platinum group claims
Vancouver-based Noramco Mining Corp. (TSE) has acquired the Gionet platinum-palladium-copper- nickel property near White River, Ont. Noramco has the right to acquire a 100% interest, subject to a 2% s…
Correction (July 31, 1989)
In the July 17 edition of The Northern Miner it was incorrectly reported that Aaron Oil Corp. (ASE) traded on the Vancouver Stock Exchange. In fact, Aaron trades on the Alberta Stock Exchange.
Aussie platinum coin sold out worldwide
GoldCorp Australia says that the first proof issue of The Australian Koala platinum coins have been sold out worldwide. The mintage, which was limited to 6,000 oz of 0.5-oz 0.9995% pure coins, was lau…
Metallurgy good at Athabaska play
Initial metallurgical results from testing on drill core from the Nicholas Lake property north of Yellowknife, N.W.T., have been encouraging, Athabaska Gold Resources (VSE) says. Testing completed by …