Montreal Exchange: Market advances
The market took a turn for the better this week with both the market portfolio and mining and minerals index posting broad advances, more than 65 pts and almost 62 pts, respectively. Volume was light-…
Articles by Northern Miner Staff
Drillers need to cut lost-time injuries says MAPAO director
The diamond drillers’ job is seen as a high risk occupation and unless the industry does something to improve that image, government may step in with increased regulation to reduce the rate of lost-ti…
Metal Prices PRODUCER PRICES (May 22, 1989)
ALUMINUM: MW U.S. Market US99.50 cents – $1.025 per lb. (May 11, 1989). ANTIMONY: New York dealer US95 cents -99 cents per lb. (Apr 27, 1989). BISMUTH: New York dealer $6.40-$6.55(US) per lb (May 11,…
Higher metal prices help Noranda’s balance sheet
Known as a diversified natural resources company, Noranda Inc. (TSE) once had little to fall back upon but its copper production, Chairman Alfred Powis reminded shareholders at the recent annual meeti…
Earnings Report (May 22, 1989)
First quarter earnings for Brunswick Mining and Smelting Corp. (TSE) were $18.3 million or 51 cents per share. In the first quarter of 1988 Brunswick’s net earnings were $3.9 million or 11 cents per…
CDDa safety award winners 1988-89
The Canadian Diamond Drillers Association has been promoting a safer diamond drilling industry for years. As a result, the presentation of the CDDA’s George Lemay safety awards are invariably a highli…
Spot prices at a glance (May 22, 1989)
Price Week’s ($US) Change($) Gold* 373.70 — 4.40 Silver* 5.50 — 0.17 Platinum* 522.90 –11.00 Nickel** 6.24 — 0.16 Lead** 0.29 + 0.01 Cop…
Campbell sees first profit in almost six years
For the first time in almost six years Campbell Resources (TSE) made a profit. That was the surprising news at Campbell’s recent annual meeting in Toronto where first-quarter net income of $660,000 or…
Amax Gold results lower in quarter
Amax Gold (NYSE) reported net earnings of $9.2 million or 15 cents per share in the first quarter of 1989 compared to $12.5 million or 21 cents for the same period of the previous year. Earnings w…
Vista extends gold zones
Drilling by Vista Mines (TSE) and Cameco has extended two mineralized zones on the Batty-Graham gold property 15 km west of Flin Flon, Man. The drilling was designed to test a series of stacked sub-pa…
Northfield ups stake in Rockford Minerals
Toronto-based Northfield Minerals (ASE) recently moved to tie up control of affiliate Rockford Minerals (TSE). Under a private agreement with Northfield Capital (COATS) and the Equity Group of Toronto…
Placer Dome will need new mines to maintain existing production
With consolidated gold output expected to breach the one million ounce mark this year, Placer Dome (TSE) will have to find new reserves and develop new mines at a break-neck pace just to maintain exis…