Private placement gives boost to St. George
The latest financial results from St. George Minerals (VSE) show a net loss from operations of $919,253(US) or 10 cents per share for the year ended Jan 31, 1989. The loss is a substantial increase …
Articles by Northern Miner Staff
Editorial A cheap shot aimed at Ottawa
One is well advised not to look a gift horse in the mouth. So it may not be wise to criticize the Ontario government’s latest budget for the $5 million allocated to various programs, already in place,…
Vancouver Stock Exchange Bettered VSE plunges to new low
Battered by bad press and low gold prices, the Vancouver Stock Exchange struggled through a particularly dismal trading week as share prices fell and volumes declined to bring the VSE Index to a new l…
Researchers study salvaging pillars in permafrost
Researchers will study ways to safely and economically salvage some of the 800,000 tonnes of ore that remain in the underground pillars of the Nanisivik lead-zinc mine on Baffin Island. Such a project…
Sherritt getting concentrate
Sherritt Gordon Ltd. (TSE) is beginning to receive nickel concentrate from the Redstone nickel mine near Timmins, Ont. The mine is expected to produce 10 million lb of nickel in concentrate per year. …
Analysts see further declines in gold price
It’s difficult these days to find anyone making a bullish case for gold, at least for the immediate future. The price of the precious metal, in the $41 0(US) per oz range at the start of the year, has…
Gold prices reduce Newmont Mining profits
First-quarter financial results of Newmont Mining Corp. (NYSE) show net income of $9.4 million(US) or 14 cents a share compared with earnings of $114.4 million for the same period last year. The 1988…
Editorial Vancouver’s successes overlooked
The latest issue of Forbes Magazine, one of the most widely- read U.S. business publications, contains a scathing attack on the Vancouver Stock Exchange that is unprecedented in its ferocity and lack …
Continental drilling program develops leading technology
In the Canadian mining industry, diamond drill holes more than 1,000 ft are considered deep, but compared to holes being drilled for scientific information elsewhere in the world, that’s barely scratc…
Toronto Stock Exchange Low inflation scenario batters gold issues
Traders continued their scramble to get back into the market after the news last week that the U.S. producer price index had risen by less than expected. The result was a 94-pt hike in the composite …
Bulk sampling increases Eagle River reserves]]
Initial results from bulk sampling completed on the Eagle River property by Hemlo Gold Mines suggest that gold values are higher than that estimated by drilling. Central Crude Ltd. (TSE) holds a 40% i…
Profitable trading at yesterday’s price
Buy metals at yesterday’s price whenever you please. It’s like printing money. Ridiculous, you may say. Well, I did just that for several years. This is how it happened — a continuous, quiet routine …