Gold funds as of May 23 (June 05, 1989)
BGR Goldcorp Central MVP Capital Net value $11.42 % $ 6.89 % $ 6.06 % $ 0.61% Price $9.625 % $ 3.95% $ 5.38% $ 0.35% Discount $15.72% 42.7 % …
Articles by Northern Miner Staff
Alberta Stock Exchange Prices, volumes low
Although gold recovered slightly this week from its recent malaise, concerns about the strength of the U.S. dollar kept volumes low and prices down. Moss Resources President Harry Hodge said he would …
Bidger to build gold mine in Chili
A Chilean firm has been contracted to build a 200 ton-per-day mine and mill complex for Bridger Resources’ (VSE) on the company’s La Pepa gold property in Chile. Vancouver-based Bridger recently signe…
Eagle River Hemlo’s future `cornerstone’
The fast-developing Mishibishu gold camp, 32 miles west of here, is expected to make a significant contribution to Hemlo Gold Mines’ (TSE) investment objective of doubling its revenues within the next…
Metal Prices PRODUCER PRICES (June 05, 1989)
ALUMINUM: MW U.S. Market US94.50 cents – 98.50 cents per lb. (May 25, 1989). ANTIMONY: New York dealer US95 cents -99 cents per lb. (Apr 27, 1989). BISMUTH: New York dealer $6.30-$6.45(US) per lb (Ma…
Commodity price index in 3-month decline
The all-commodity price index of Scotiabank fell by 1.3% in April, the third straight monthly decline. A sharp drop in industrial metal prices contributed to the fall. Economist Patricia Mohr writes t…
Crofoot mine production boosts Granges earnings
Granges Exploration (TSE) reported net income of $655,000 in the first quarter, compared to a $250,000 loss for the same period a year earlier. The latest results included gold production from the com…
New study planned on state mining taxes
A new study is planned to look at the impact of state taxes on the mining industry. “State tax structure is an important factor in determining whether or not a mine project is economically attractive,…
Montreal site for aluminum symposium
The Metals Week Second Aluminum Symposium will be held Sept 25-26 in Montreal. Entitled “Facing the 90s,” the symposium will concentrate on the effect of the recent dramatic rise in aluminum prices. I…
Editorial Passing grades for environmental policy
The Mining Association of Canada gets a B for its new environmental policy unveiled at the association’s recent annual meeting in Ottawa. It gets good marks for effort, but somewhat less for content. …
Zinc Boosts Conwest’s earnings
Conwest Exploration (TSE) is dealing in a new commodity, president and chief executive officer John Lamacraft told shareholders at the annual meeting. “It’s called zoil, that’s zinc and oil, and it’s …
Dome Mountain back on track to production
Stalled for years by disputes, arbitrations, and lawsuits, the Dome Mountain gold project near Smithers, B.C., is back on track under the terms of a new joint venture agreement involving Teeshin Resou…