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…
Articles by Northern Miner Staff
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…
Bitech awaits judgement on Tashogan acquisition
Toronto-based Bitech Energy Resources (ASE) is still waiting on a fairness opinion in connection with its offer to acquire all of the outstanding shares of Tashogan Minerals. Tashogen holds the 132-cl…
Metal Prices (May 08, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 2 May 1 Apr 28 Apr 27 Apr 26 Copper 1744-174…
Junior base metal explorers reviving
As gold and silver prices continue relentlessly downward, the number of juniors active in base metals exploration is on the rise. Concern over dwindling base metal reserves in Canada has shifted a cer…
Golden Chest merger
Golden Chest (OTC) shareholders’ approved the company’s merger with TAP Resources (Spokane) of California. The merger gives Golden Chest a 39% interest in a joint venture project with Newmont Mining a…