Sphinx acquiring interest in Gordex
A $2.5-million debenture, convertible into common shares of Gordex Minerals (TSE) at 70 cents per share, has been acquired by Sphinx Mining (ME). The debenture will last five years and bear an intere…
Articles by Northern Miner Staff
St. Genevieve — Gold Vessel
St. Genevieve Resources (TSE) is effecting a normal course purchase to increase its interest in Gold Vessel Resources (ASE). St. Genevieve currently has a 22.5% interest in Gold Vessel; it intends to …
High grade zinc find
A high grade zinc discovery has been made by partners VSM Exploration (ME) and Serem- Quebec, the Quebec government mining agency. Located 40 km northeast of Quevillon, Que., the discovery was made on…
Bunker Hill reactivates mine
Bunker Hill Mining (VSE) has reactivated the old Bunker Hill mine near Kellogg, Idaho. By year-end production had reached 700 tons per day and the company hopes to achieve 1,500 tons by mid-year. “Des…
Toronto Stock Exchange Inflation fears boost golds during market
Traders faced another day of turbulent activity as the composite index lost another 28.2 pts to close at 3584.03 pts. Volume was 27.7 million shares. Unease as to the short- term direction of interest…
Vancouver Stock Exchange Investors wait for better gold price
Although gold prices appear to have rebounded slightly from last week’s lows, brokers here say the yellow metal will have to show a sustained performance over the $400(US) level for investors to regai…
Aluminum symposium
Metals Week will be hosting its second aluminum symposium titled “Facing the 90s” in Montreal, Que. on Sept 25-26. For more information contact, Mary Ann Whalen, 42nd floor, 1221 Avenue of the America…
Bond Gold has good year
Bond International Gold (NYSE) reports second quarter net income of $13.3 million(US) for the period ended Dec 31. For the first half of the fiscal year net income was $15.2 million or 28 cents per sh…
Earnings Reports (February 27, 1989)
Bond International Gold (NYSE) reports second quarter net income of $13.3 million on revenue of $55.1 million. For the six months ended Dec 31, the company reports net income of $15.2 million(US) or 2…
Trader Res. encouraged by Ronnoco gold bet results
Toronto-based Trader Resource Corp. (TSE) is beginning to report some interesting results from the Ronnoco Gold Mines (COATS) property in the heart of the Timmins, Ont., camp. Under an agreement with …
Gracie-St Joe reserves upped
LAC Minerals (TSE) has increased reserves on two properties accessible from LAC’s Macassa gold mine near Kirkland Lake, Ont. Reserves on the Gracie and St Joseph properties are estimated at 337,400 to…
Rochester options Nevada bet to Billiton
Vancouver-based Rochester Minerals (VSE) has granted Billiton Minerals USA an option to earn a 70% interest in its Cherry Creek property located 60 miles north of Ely, Nev. Billiton Minerals is a unit…