Teeshin stake in Redstone
Teeshin Resources (VSE) has signed a letter of intent with Timmins Nickel, a private company, giving it the right to buy 3.5% of Timmins’ interest in the Redstone nickel deposit. Located near Timmins,…
Articles by Northern Miner Staff
First gold for Cheni
The first gold has been poured from the Lawyers gold-silver mine owned by Cheni Gold Mines (TSE). Located in British Columbia, the Lawyers mine is expected to produce 40,000 oz of gold and one million…
Slow growth forecast for iron ore, steel
It hasn’t been the easiest of times for the iron ore and steel industries, despite steel being what Roskill Information Services of London calls the basic raw material of industrial society. The miner…
Bema Gold plans full scale production at Champagne mine
Assuming receipt of all necessary permits, the Champagne heap leach mine near Arco, Idaho, is officially scheduled to begin life as a year-round gold and silver producer in June, 1989. Bema Gold Corp….
Metal Prices (January 30, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan 24 Jan 23 Jan 20 Jan 19 Jan 18 Copper …
ECHO BAY MINES
For 9-month period ended Sept 30, 1988. In millions of U.S. dollars, except per-share figures. 1988 1987 Assets $790.1 $534.4 Long-term debt $155.5 $77.2 Revenue $191.6 $155.9 Earnings …
Rio Algom’s corporate strategy emphasizes mining
Rio Algom Ltd. (TSE) has been in a transition period since late 1987 when its former chairman, George Albino stepped down. His departure represented a major turning point for the company, which has si…
Canyon financing
Canyon Resources Corp. (NASDAQ) has arranged a $20- million financing deal with Meridian Minerals. The cash will allow Canyon to place its jointly-owned Beartrack gold deposit in Idaho, in production….
Echo Bay mandate is to increase gold production
Echo Bay Mines (TSE), already North America’s fourth-largest gold mining company, has its sights set on achieving production over the one-million-ounce mark by the early 1990s. The Lupin mine, in the …
Book Review (January 30, 1989)
Two new directories, Active Mines in Arizona and Arizona Exploration Offices, have been released by the Arizona Department of Mines and Mineral Resources to reflect both the condition of the Arizona m…
Hemlo Lawsuit hasn’t hindered Corona’s growth
When a major mining company states emphatically its objective is to be a low-cost precious metals producer, it makes sense any new exploration projects it becomes involved in will follow along the sam…
Noranda earmarks $200 million for ’89 exploration
Higher metals prices have had a major impact on the balance sheet of Noranda Minerals. To maintain its position, the mining arm of Noranda Inc. (TSE) knows it must make a commitment to searching out n…