Sphinx identifies additional reserves
An additional 500,000 tons grading 0.2 oz gold per ton have been identified above 1,500 ft at the Goldstack project 10 miles west of Val d’Or, Que., Sphinx Mining (ME) reports. Reserves in all classes…
Articles by Northern Miner Staff
Teck earnings rise
Net earnings for Teck Corp. (TSE) rose to $25.4 million or 31 cents per share in the first quarter of 1989 from $14.5 million or 18 cents in the same period last year. Revenues rose to $78 million fr…
FINANCING (May 15, 1989)
VANCOUVER Fairbanks Gold — gross proceeds rec $5,700,000. Benz Gold Res — opt exerc on 47,500 @ 55 cents per sh. Stow Res — opt exerc on 150,000 @ 45 cents per sh. Fair Harbour Mining — min 800,…
Renabie pours millionth ounce of gold
The Renabie mine in northeastern Ontario recently poured its one millionth ounce of gold, more than 40 years after the property was placed into production. The mine, operated by Renabie Gold Mines whi…
Toronto Stock Exchange Mixed economic signals keep investors at bay
Confusion as to the direction of the economy has gripped traders — the majority choosing a wait-and- see attitude with respect to the market. The result was another day of quiet, dull trading as the …
Industrial minerals important to Hecla
Mining companies are often reluctant to diversify into industrial minerals because it’s a market they don’t understand. “Better the devil you know than the devil you don’t,” they point out — probably…
Cambior earnings (May 15, 1989)
Net earnings for the first quarter increased by 32%, to $4.8 million (20 cents per share) from $3.6 million (15 cents per share) the year before, Cambior Inc. (TSE) reports. Revenue for the quarter …
CIM honors award winners at meeting in Quebec City
The 82nd president of the Cana 0000,0600 dian Institute for Mining and Metallurgy is John Laffin. He succeeded out-going president Rene Dufour as leader of the 12,000 – member society at the conclus…
Mining centre planned for Murdochville
A $1.5-million mining tourist attraction featuring a 20-minute underground tour of the old Miller mine is set to open here in June. To be known as the Murdochville Copper Interpretation Centre (Centre…
Metal Prices FUTURES PRICES (May 15, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) May127.00 124.90 125.60 — 5.65 Jun124.30 123.50 123.70 — 8.00 Jul123.40 120.40 12…
IOCC GOLD OPTIONS (May 15, 1989)
Options Open Series Volume Last Interest May 380 C . 284 2.30 347 May 390 C . 434 1.00 1,740 May 400 C . 650 0.50 3,2…
Kerr ups Minnova stake
Kerr Addison Mines (TSE) has been given the go ahead by regulatory authorities to purchase an additional 400,000 shares of Minnova (TSE). The purchase will maintain Kerr’s interest in Minnova above 50…