Metal Prices (June 26, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 20 June 19 June 16 June 15 June 14 Copper …
Articles by Northern Miner Staff
Bull Run, Freeport settle Big Springs dispute
An agreement has been signed between Bull Run Gold Mines (NASDAQ) and Freeport-McMoRan Gold (NYSE) to settle their dispute regarding the operation of the Big Springs gold mine in Nevada. As part of th…
Noront placement
Noront Resources (VSE) has hired Canarim Investment Corp. to act on its behalf in a $460,000 private placement involving 400,000 units at $1.15 per unit. Each unit consists of one common share and one…
People (June 26, 1989)
AGNICO-EAGLE MINES — C. B. (Cuffy) Dixon appointed to the board of directors.
Serious recession unlikely says RTZ
“Even if the world’s major economies weaken, the mineral and metals industries are unlikely to revert to the weak state they were in during the early 1980s,” says RTZ’s Chairman Sir Alistair Frame. Br…
News in Brief (June 26, 1989)
A first-quarter loss of $633,225 (US) or 4 cents per share was reported by Bunker Hill Mining (VSE). In the same period last year the company lost $752,286 or 6 cents per share. At the end of the qua…
Champagne mine enters production
Production is under way at the Champagne heap-leach gold mine in Idaho, Bema Gold (TSE) reports. The company says the mine is scheduled to produce about 17,500 oz of gold equivalent to the end of 1989…
Dona Lake important to Placer’s Canadian plans
The Dona Lake gold mine about 10 miles southeast of here is expected to produce just 3% of Placer Dome’s (TSE) annual gold output by 1990, but it’s an important link in the company’s chain of gold min…
How some base metal deposits compare
Representative tonnage and grade figures for some volcanic associated massive sulphide deposits in the Superior Province (Quebec and Ontario) Tons of ore Oz/T Oz/T M…
Lifetime licence….photo
Robert M. Ginn (right), president of The Prospectors and Developers Association of Canada, is presented with a permanent prospectors licence by Ontario’s mines minister Sean Conway. Ginn was recognize…
Pegasus shareholders ratify pioneering rights plan
A shareholder protection rights plan adopted late last year by Pegasus Gold Inc. (TSE) to prevent coercive takeover activity was ratified by shareholders at the company’s recent annual meeting. Pegasu…
Metal snips (June 26, 1989)
Plans to expand the capacity of a number of zinc-producing facilities around the world are in the works. Zinc Corp. of America is reported to be considering increasing the capacity of its Monaca, Pa.,…