Homestake acquisition boosts exposure
Assuming it goes through, the proposed acquisition by Homestake Mining (NYSE) of Esso Minerals Canadian exploration and development properties (N.M., Jan 30/89) would “represent a major re-alignment o…
Articles by Northern Miner Staff
Vista planning drill programs
Several prospective EM targets, the most important of which appears to coincide with the Creek shear zone, have been uncovered on the Uskik Lake property 130 km northeast of La Ronge, Sask., Vista Min…
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…
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 …