Gold report
A thorough analysis of the world gold mining industry is available from Colorado-based Metal Market Consultants. Titled “Gold Situation-1988,” the crisply-edited report offers an analysis of the suppl…
Articles by Northern Miner Staff
Total Energold year-end results not 100% of story says president
From a financial point of view, 1988 wasn’t a good year for Total Energold Corp. (TSE). The company’s net loss of $47.2 million was almost seven times the previous year’s total. But at a recent press …
Gamsan encouraged by Saskatchewan drill results
Encouraging results have been reported by Gamsan Resources (ASE) from a recent drill program on the company’s Brabant Lake polymetallic property in northern Saskatchewan. Brabant Lake is located 90 mi…
Juniors seek alternatives to fund exploration plans
The decline in gold prices to below $400(US) per oz combined with the reluctance of speculative investors to place their money into exploration equities, is playing havoc with the junior exploration s…
Frnakfield shows signs of reviving
Shareholders of Frankfield Exploration (ASE), which has remained relatively dormant of late, are likely to see their company become more active. “We are going to be on the lookout. We certainly won’t …
Metal Prices PRODUCER PRICES (March 06, 1989)
ALUMINUM: MW U.S. Market 97 cents – $1.00(US) per lb. (Feb 16, 1989). ANTIMONY: New York dealer $1.00- $1.03(US) per lb. (Jan 19, 1989). BISMUTH: New York dealer $6.40-$6.60(US) per lb (Feb 16, 1989)….
Westmin completes exploration tunnel
The driving of a 1.2-mile exploration tunnel on the Debbie and Yellow properties on Vancouver Island was completed by operator Westmin Resources on schedule. The tunnel will provide access for undergr…
Indonesian gold mining
The first of Indonesia’s new wave of gold mines has begun production in Central Kalimantan, and an Australian shareholder — lauding Indonesia’s investment climate — expects to recoup a $13.1-million…
Inco to spend $6.5 million at Snow Lake
A $6.5-million underground exploration program being conducted by Inco Gold, a wholly- owned affiliate of Inco Ltd. (TSE), on the former producing Snow Lake gold mine is yielding excellent results. Dr…
Reserve increase at Shoal Lake property
A significant increase in reserves at the Shoal Lake gold property west of Kenora, Ont., has been reported by Kenora Prospectors & Miners (COATS). According to KPM, a recently completed 13,129-ft dril…
Nelson conference
The Nelson Chamber of Mines and B.C. Geological Survey Branch will present the first Kootenay Exploration and Mining Conference April 13-15 in Nelson, B.C. Besides reviewing exploration activity and g…
Montreal Exchange Market indices droop
Mixed trading, in part the result of concerns over rising inflation, higher interest rates and relatively unexciting precious metals prices, saw the ME market portfolio dive more than 29 pts this week…