Earnings Report (June 05, 1989)
Bachelor Lake Gold Mines (TSE) reported a net loss of $975,242 or 11.9 cents per share for the period ended March 31. In the same period last year a net loss of $427,831 or 5.5 cents per share was re…
Articles by Northern Miner Staff
Rambler Joint Venture faces critical decision
The Rambler Joint Venture will reach a critical stage next month when Teck Corp. (TSE) meets with its two junior partners to consider future participation in that Newfoundland project. The joint ventu…
Metall completes purchase of Copper Range operation
Toronto-based Metall Mining (TSE) recently completed the acquisition for $83 million of Michigan copper producer Copper Range Co. The purchase by merger deal establishes Metall as a fully fledged oper…
Rouyn Mining arranges Francoeur financing
A $2-million bank facility has been arranged by Rouyn Mining Resources (TSE) to help pay for the company’s share of costs at the Francoeur gold mine near Rouyn- Noranda, Que. Rouyn Mining, with a 50% …
Metal Prices FUTURES PRICES (June 05, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jun113.50 113.40 113.60 — Jul116.40 114.00 114.50 + 3.90 Sep114.30 112.40 112.80 …
Granges terminates Goldbelt deal
The proposed merger between Granges Exploration (TSE) and Goldbelt Mines (VSE) has been scuttled by dissenting shareholders. More than two million shares were received by Granges in proxy form opposin…
Minorco and the Maple Leafs
Even in the worst of situations, it’s wise to look on the bright side. To concentrate too much on life’s little setbacks is not good for one’s health. In that light, we take our hat off to James Cap…
Twin Gold plans more drilling on Lingman Lake property
Toronto-based Twin Gold Mines (ASE) is set to begin further exploratory drilling on its Lingman Lake property in northwestern Ontario. This spring the company extended its claims in the area after a g…
2 potential gold mines Baie Verte’s potential growing
Across the bay from this small coastal town which relies on asbestos for much its economic base, mining companies are hoping to come up with a gold mine or two in the years ahead. Most of the area aro…
People (June 05, 1989)
RISE RESOURCES — Victor G. Coulthard appointed president succeeding Richard W. Hughes who has resigned. Mr. Coulthard will fill a casual vacancy on the board of directors succeeding William Vance who…
IOCC GOLD OPTIONS (June 05, 1989)
Options Open Series Volume Last Interest Aug 370 C 273 9.00 345 Aug 380 C 639 5.00 900 Aug 390 C …
LynnGold to raise $4 m through equity issue
To satisfy new capital spending requirements LynnGold Resources (TSE) will be looking to raise more than $4 million via an equity issue, shareholders learned at the company’s annual meeting. Peter Goo…