N.S. zinc potential gets another look
Fundy Resources, a private company controlled by Halifax lawyer Dale Dunlop and his father Bruce Dunlop of Winnipeg is shopping a promising zinc property around to major base metals producers. Located…
Articles by Northern Miner Staff
Aur no longer chasing Louvem
A takeover offer by Aur Resources (TSE) of Louvem Mines (TSE) has been terminated. Aur, which would have spent about $8.3 million to acquire about 65% of the common shares of Louvem, a small gold prod…
COATS Trading Features (March 27, 1989)
Hanson Mineral Exploration has completed an amalgamation with Perch River Mines. The new company, called McNickel Inc., hopes to raise $3.5 million to explore a promising copper-nickel property near L…
Environmental institute could reduce conflicts
The newly-formed B.C. Environmental Information Institute hopes to reduce resources conflict in British Columbia by providing current and accurate information on land use. Letters of incorporation for…
Hansuld considers future after Canamax departure
John Hansuld is contemplating his future in the mining industry after resigning recently as president and director of Toronto-based Canamax Resources (TSE). Reached at his home in Mississauga, Ont., H…
Timmins Report The end of MEDA hurts exploration
Exploration activity in the Porcupine gold mining camp has dropped dramatically, hit hard by the end of the mineral exploration depletion allowance (MEDA) “Exploration is coming to a screeching halt,”…
Golden Bear cost doubles putting project at risk
The Golden Bear project of North American Metals (VSE) and Chevron Minerals in northwestern British Columbia could be in jeopardy because of higher than anticipated start-up costs according to North A…
Falconbridge Gold profit
Earnings of $846,000 were realized by Falconbridge Gold (TSE) on revenues of $30.7 million in 1988. The company sold 57,518 oz of gold during the period. During the year, the company spent $5.1 millio…
Fraud charges force resignation
Eric Laing has resigned as a director of five companies comprising the Applegath Group. Laing gave up his directorships in Golden Pond Resources (VSE), Alotta Resources (VSE), Tundra Gold Mines (VSE),…
Earnings Report (March 27, 1989)
ABM Gold Corp. (TSE) reports for the year ended Dec 31 a net loss of $22.9 million(US) or $1.72 per share on revenue of $6.8 million. For the same period a year earlier the company reported a net loss…
Hecla purchasing Apex mine in Utah
The troubled Apex germanium- gallium mine and processing plant in Utah is being acquired by Hecla Mining, which will pay $5.5 million (US) and bring the mine back into production this year. Hecla will…
Spot prices at a glance (March 27, 1989)
Price Week’s ($US) Change($) Gold* 393.40 1.05 Silver* 6.06 0.07 Platinum* 544.65 0.90 Nickel** 7.35 0.41 Lead** 0.27 Copper 1.49 0.01 Zinc 0….