Mill. oz gold loan secured by Barrick
Toronto-based American Barrick Resources (TSE) has successfully closed its 1,050,000-oz gold loan agreement which is designed to finance a $365(US) million development program at the Goldstrike mine i…
Articles by Northern Miner Staff
Alberta Stock Exchange Guinness rises
While the name is certainly eyecatching, there is apparently no connection between Toronto-based Guinness Gold Resources and the well known Irish brewer. Nevertheless, an attempt by Guinness Gold to c…
Letter to the Editor Lunar Base preparations under way (April 03, 1989)
As a member of the Space Studies Institute (but not an official spokesperson), I was interested to see the editorial regarding lunar mining (N.M., Mar 20/89). May I comment? It is true that as a post …
Decline in metal prices felt by commodity index
Stumbling metal prices in February contributed to a decline of almost 1% in Scotiabank’s all- commodity price index for that month. “Industrial metal prices moved down in February and March from high …
Montreal Exchange Louvem mine partner
Continuing to pop up in the news is Louvem Mines, the Val d’Or area gold producer which has been expanding its Chimo mine operation. The latest development involving the company has major Quebec gold …
SUSTAINING MORALE
“Hi John, how are ya?” “Mornin’ “HJim, how ya doin’ b’y?” At the Brunswick mine site, people greet each other by their first names. The impression one gets is that these workers have known each other …
Nord profits increase
Nord Resources realized an 18.6% increase in earnings last year with a profit of $15.7 million(US). Last year the gold and industrial minerals producer earned $13.2 million. The increase in earnings i…
Whitney Bay directors to steer new course
Toronto-based Whitney Bay Resources (COATS) is moving out of mining and into the industrial sector following a reorganization of the company’s board of directors. The new directors, including Gary Han…
Obituary Eugenia Campbell
Eugenia Nadia Campbell, better known as “Gramma Gene,” one of the Red Lake, Ont., area’s most famous pioneers and widow of the discoverer of the Campbell gold mine, died on Feb 26, at age 78. On a far…
Spot prices at a glance (April 03, 1989)
Wednesday, Mar. 29 Price Week’s ($US) Change($) Gold* 383.30 –10.10 Silver* 5.83 –0.23 Platinum* 523.50 –21.15 Nickel** 7.17 –0.18 Lead** 0.27 Co…
Toronto Stock Exchange Firm U.S. buck and high rates keep traders
Another day of directionless trading took hold of the market as the composite index remained essentially unchanged at 3560.90 pts — up 0.15 pts. Volume was a lacklustre 19.29 million shares. High int…
Burnt Timber viable
A pre-feasibility study has concluded that the Burnt Timber gold deposit, owned by LynnGold Resources (TSE) and Trans America Industries (VSE) is economically viable. Located near LynnGold’s MacLellan…