Dolphin building road at Cape Ray gold property
A 20-km access road, under construction at Dolphin Explorations’ (TSE) Cape Ray gold project in southwestern Newfoundland, is half completed, the company reports. Dolphin is building the road to reduc…
Articles by Northern Miner Staff
Earnings Reports (February 20, 1989)
Newmont Gold reports fourth quarter net earnings of $37.2 million(US) or 35 cents per share. For the period a year earlier, the company reported net income of $23.9 million or 23 cents per share. Fo…
Metal Prices (February 20, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb 14 Feb 13 Feb 10 Feb 9 Feb 8 Copper 1645-164…
News in Brief (February 20, 1989)
Delaware Resources has changed its name to Prime Resources Corp. (PMR:VSE) on a share-for-share basis.
Moss and Power plan merger
The directors of Moss Resources (ASE) and Power Explorations (TSE) have recently retained a consulting geologist to evaluate the assets of the two companies in preparation for a possible merger. Accor…
American mining congress elects Milton Ward chairman
Milton Ward, president and chief operating officer of Freeport- McMoRan Inc., was recently elected as chairman of the board of the American Mining Congress (AMC) at the trade association’s annual meet…
People (February 20, 1989)
GOLD TORCH RESOURCES — Douglas E. McRae appointed president succeeding Jesse Martinex who remains a director.
Echo Bay Planning surface program
A $2.5-million work program completed by Echo Bay Mines (TSE) on the Doc property near Stewart, B.C., appears to have generated mixed results. The company has an option to earn a 50% interest from joi…
Massive looks at Twin Gold
Massive Resources (VSE) plans to increase its interest in the Lingman Lake gold deposit from the currently-held 8%. The interest is indirectly held through equity ownership of Twin Gold Mines (ASE), w…
Spot prices at a glance (February 20, 1989)
Price Week’s ($US) Change($) Gold* 381.70 — 8.70 Silver* 5.80 — 0.08 Platinum* 526.75 — 2.50 Nickel** 8.35 — 0.04 Lead** 0.28 …
Kerr, Beaufield project
A diamond drilling program is under way on the Urban and Barry twps, Que., property held by Kerr Addison Mines (TSE) Minnova Inc. (TSE) and Beaufield Resources (TSE). Beaufield has the right to earn a…
Drilling resumes at Bitech project
After arranging a $1.3-million private placement, Bitech Energy Resources (ASE) has resumed drilling at the Nugget Pond gold project in Newfoundland. Bitech has so far outlined 259,396 tons of grade 0…