Spot prices at a glance (April 24, 1989)
Price Week’s ($US) Change($) Gold* 382.90 — 1.25 Silver* 5.76 + 0.06 Platinum* 543.10 +15.60 Nickel** 6.96 + 0.38 Lead** 0.28 + 0.02…
Articles by Northern Miner Staff
United Keno shuts 6 mines after suffering heavy losses
Toronto-based silver producer United Keno Hill Mines (TSE) won’t remember 1988 fondly. The 33%-owned affiliate of nickel giant Falconbridge Ltd. (TSE) reported a consolidated net loss of $12.9 million…
CoCa, Geodome merger approved
The Securities and Exchange Commission has approved the prospectus for the merger of CoCa Mines (NASDAQ) and Geodome Resources (TSE). CoCa will issue 0.255 shares and a warrant for each outstanding sh…
Step-out drilling extends east zone at Eskay Creek
Step-out drilling at the Eskay Creek project of Calpine Resources (VSE) and Consolidated Stikine Silver (VSE) has increased the strike extension of the 21 zone to the east. But a fault appears to have…
Rio Algom selling steel operations
A letter of intent has been signed between Rio Algom (TSE) and the Sammi Group of South Korea regarding the sale of Rio’s steel manufacturing operations. Price of the transaction was not made public. …
Breakwater’s O’Brien find prompts underground study
The discovery of a new gold-bearing vein complex on the O’Brien property near Cadillac, Que., has Breakwater Resources (TSE) studying the possibility of an underground exploration and development prog…
COATS Trading Features (April 24, 1989)
Mining issues slipped lower in a quiet and generally lacklustre COATS market this week. Two companies with interests in platinum-palladium prospects, Boston Bay Mines and Belleterre Quebec Mines, were…
Narrow widths onMidas Timmins bet
A 5,500-ft drill program has been completed by Midas Minerals (TSE) on the Tisdale gold property near Timmins, Ont. The drilling tested for gold mineralization at depths between 1,000 ft and 1,500 ft….
Editorial Why the mystery atr Ketza River?
In an unpredictable discipline like mining where the participants are often stifled by circumstances beyond their control, it is easy to understand why some companies prefer to say too little to the p…
Goldcorp wins ownership fight for Dickenson and Kam-Kotia
The new owner of Dickenson Mines (TSE) and its sister company Kam-Kotia Mines (TSE) is Toronto-based gold fund Goldcorp Investments Ltd. Goldcorp won the takeover fight for the two companies when riva…
Metal Prices PRODUCER PRICES (April 24, 1989)
ALUMINUM: MW U.S. Market US96.00- 98.00 cents per lb. (Apr 13, 1989). ANTIMONY: New York dealer 99 cents -$1.01(US) per lb. (Apr 6, 1989). BISMUTH: New York dealer $6.55-$6.70(US) per lb (Apr 13, 1989…
INSIDER TRADES (April 24, 1989)
Atlantic Goldfields — A. Howe sold 115,000 (Feb.) @ 66 cents to hold 85,000. Card Lake — D. Bell bought 85,600 (Dec.) @ 35 cents to hold 285,600. Cons. Imperial Res. — L. Swartz sold 54,430 (Mar.,…