Audrey on schedule with Mobrun mill
When Audrey Resources (TSE) brought its 70%-owned Mobrun polymetallic mine into production two years ago, there were fears that the company would have trouble living up to the terms of a custom millin…
Articles by Northern Miner Staff
Uranium Resources posts profit despite prices
The profits of many North American uranium producers are being squeezed by low metal prices, but first-quarter results for Uranium Resources (NASDAQ) tell a different story. Net income was $2.3 millio…
Dickenson acquires more Wharf shares (May 15, 1989)
Dickenson Mines (TSE) has increased its holdings in Wharf Resources (TSE) to 38.9% through the purchase of another 396,500 shares of the latter. Wharf operates a heap leach gold mine in South Dakota. …
Ontario’s mines yield $7 billion
Last year’s record-high nickel prices helped Ontario maintain its position as Canada’s premier producer of non-fuel minerals with production twice the value of any other province last year. Ontario is…
World uranium output up slightly in 1988
While the spot price of uranium continued its fall last year, world production of U3O8 in 1988 rose slightly to 96.8 million lb. A number of offsetting factors accounted for the increased world output…
Gold funds as of May 2
BGR Goldcorp Central MVP Capital Net value $11.93 % 7.81 % 6.43% 0.68% Price $ 9.25 % 4.75 % 5.75% 0.42% Discount $22.46% 39.2 % 10.6% …
INSIDER TRADES (May 08, 1989)
Borealis — R. & Ch Cox bought 101,900 (Mar.) @ $2.20, sold 16,350 @ $2.75 to hold 325,403. Colony Pacific — P. Geib bought 39,500 (Mar.) @ 95 cents to hold 303,500. Cons. Norex — Graymont Ltd. bou…
Hillsborough group to spend $6 million at Mt. Hundere
A joint venture exploration program involving a group of companies led by Hillsborough Resources (TSE) will get under way this summer at the Mt. Hundere zinc-lead- silver property near Watson Lake, Y….
Corona to buy Avalonp change oil & gas holdings
A plan to restructure its oil and gas and industrial mineral assets has been announced by Corona Corp. (TSE). The plan calls for Corona to become the majority owner of North American oil and gas produ…
Silver lining for Coeur d’Alene
Just over two years ago, Coeur d’Alene Mines (Amex) was struggling to survive as a silver producer. Silver is described as the “poor man’s gold” and, not surprisingly, many companies still manage to s…
Queries Shebandowan `small potatoes” for Inco
I read with interest the article in The Northern Miner (N.M., Apr 17) regarding Inco Ltd., “quietly re-opening” its Shebandowan copper-nickel mine west of Thunder Bay, Ont. McIsaac Exploration, the …
Financing (May 08, 1989)
VANCOUVER Brooklyn Res — 500,000 offered @ 50 cents per sh. Hawkeye Devel — gross proceeds rec $525,000. More Res Inc. — gross proceeds rec $250,000. Fairbanks Gold Ltd — 2,000,000 offered @ $2.8…