Uranium spot market prices drift lower
While base metal prices have been flying high, the spot market price of natural uranium has been in decline. Falling almost continuously since the summer of 1987, the U3O8 spot price was being reporte…
Articles by Northern Miner Staff
Earnings Report (February 13, 1989)
Kam-Kotia (TSE) reports net earnings for the year ended Dec 31 of $2.47 million or 20 cents per share. For the same period a year earlier, the company reported net earnings of $2.23 million or 25 cen…
Noranda, Freewest hit
Another strong hole has been completed by partners Noranda Inc. (TSE) and Freewest Resources (ME) on their Harker-Holloway gold property, east of Matheson, Ont. Hole 89-29 intersected 53.1 ft grading …
Kam Creed, Koala deal
Kam Creed Mines (VSE) is spending $300,000 on the Mishibishu Lake area gold prospect held by partners Koala Resources (VSE) and Captain Consolidated Resources (VSE). A $165,000-exploration program has…
COATS Trading Features (February 13, 1989)
Atlantic Goldfields was a volume leader this week, trading more than 190,000 shares. The issue was firm at 65 cents -69 cents . Atlantic is cash rich, sitting on a $12 million cash pool realized from …
Malartic, Barrick agree to new exploration deal
Mining operations on the Malartic Hygrade Gold Mines (Canada) (VSE) Orion gold property near Val d’Or, Que., are to be extended. .T An agreement extends the portion of the Malartic property being m…
Petromet lawsuit
Petromet Resources (TSE) has started a legal action against Middlefield Resource Fund 1988 Limited Partnership II and its management groups. Petromet alleges that Middlefield agreed to purchase Petrom…
People (February 13, 1989)
ABERMIN — Christopher A. Serin appointed executive vice-president and chief operating officer. Roger P. Taylor who has served as president and chief executive officer since inception in 1985 has resi…
Cyprus acquires interest in Mexican silver mine
Cyprus Minerals Company (NYSE) recently acquired a 49% interest in Minero Cerro San Pedro S.A. de C.V., owner of a silver mine 100 miles north of Guadalajara, Mexico. The mine, which is held in a subs…
Francis at CIM meet
Well-known business journalist Diane Francis will be the guest speaker at the Canadian Institute of Mining and Metallurgy’s Women’s Night. Scheduled for Feb 10 at Toronto’s Royal York Hotel, the eveni…
Editorial A tenuous connection
The Bank of Nova Scotia is being criticized for its involvement in a $4.4-billion loan to Minorco, the Luxembourg-based company that made a takeover bid for Consolidated Gold Fields last year. Minorco…
Metal Prices (February 13, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb 7 Feb 6 Feb 3 Feb 2 Feb 1 Copper 1703-…