Feasibility for Donalda
The Donalda gold project near Rouyn-Noranda, Que., is to undergo a feasibility study this year following completion in August of an underground exploration program, including a mill test on a 28,000-t…
Articles by Northern Miner Staff
Editorial Budget of broken promises
Promises. They’re easy to make, and in the case of politicians, difficult to keep. The Tory budget tabled by Finance Minister Michael Wilson in parliament last week was supposed to be a model of stric…
Spot prices at a glance (May 08, 1989)
Price Week’s ($US) Change($) Gold* 376.50 — 7.90 Silver* 5.64 — 0.14 Platinum* 534.50 +13.50 Nickel** 6.54 — 0.22 Lead** 0.29 + 0.01 Copper 1….
Giant Yellowknife to mine reserves of Hoyle property
Agreement has been reached between Giant Yellowknife Mines (TSE) and Falconbridge Gold (TSE) whereby the former has obtained the right to mine, subject to tonnage royalty, known gold reserves on the l…
Falconbridge settlement
Clerical and technical workers at Falconbridge Ltd.’s (TSE) Sudbury, Ont., operations recently voted in favor of a new 3-year contract which a union representative says is among the most generous ever…
Platinova active in assorted plays
Assorted mineral projects in three countries are keeping Toronto-based Platinova Resources (TSE) busy. In Greenland, the junior is active in three plays, one involving gold- platinum, a second involvi…
Gibraltar earnings best in eight years
The continued strength of copper prices into 1989 has Gibraltar Mines (TSE) tallying up the highest quarterly earnings in eight years from its mining operations near Williams Lake, B.C. The Placer Dom…
Galactic Res. struggles to shake “one-mine” image
Wounded by the failure to deliver on promises made at its Summitville gold mine in Colorado, Galactic Resources (TSE) and its ebullient chairman, Robert Friedland, have faced the brunt of investor dis…
COATS (over-the-counter) Lackluster trading
It was quiet on the COATS mar- ket this week with most mining issues either unchanged or slightly lower. Exxeter Resources was the volume leader with trading in the 43 cents -48 cents range, down mar…
More R&D money needed to keep Canada competitive
Mining companies need to almost double the money they now spend on research and development, says Henry Brehaut, senior vice-president operations at Placer Dome. Speaking at the opening session of the…
Cominco Res. looks for more than gold
Cominco Resources International (TSE), the 58.6%-owned subsidiary of Cominco Ltd. (TSE), “will be as much a base metals company as a precious metals one,” President George Tikkanen told the annual mee…
AquaGold financing
AquaGold Resources (ASE) recently raised $250,000 through CMP 1989 Resource Partnership to fund exploration on the company’s Newfoundland projects. President William MacPherson says an airborne geophy…