Canamax stops mining at Matheson project
Mining operations have been suspended at Canamax Resources’ (TSE) Matheson gold project in northeastern Ontario. No further mining is planned due to disappointing underground drill results on the Lowe…
Articles by Northern Miner Staff
Dumagami refutes claims of Montreal-based shareholder
Toronto-based Dumagami Mines (TSE) has taken strong exception to some recent statements made by a Montreal investment company regarding future production at its Donald La Ronde mine at Cadillac, Que. …
Vancouver Stock Exchange Applegath’s Tundra moves up
Gold prices appear to be holding steady enough for investors here to continue testing the waters and shore up support for the still unsteady VSE Index. Although up considerably from last week, at pres…
Canadian exploration halted by Newmont
Twenty-five employees in Newmont Mining’s Canadian exploration wing will be seeking new jobs next month following the New York-based company’s decision to suspend operations in Canada. Representatives…
Cassiar selling Bissett to Rea
Ownership of the Bissett gold mine and mill in Manitoba is about to change hands. Cassiar Mining Corp. (TSE) intends to sell the gold project — which comes complete with a recent feasibility study r…
Rayrock ups stake in Western Minerals.
Gold miner Rayrock Yellowknife Resources (TSE) is spending $19.5 million to become the sole owner of a Texas-based fertilizer company Western Ag-Minerals. Rayrock, which already holds a 35% stake in W…
COATS Trading Features (January 23, 1989)
Chance Mining (a Conwest- controlled company) has seen some active trading lately based on speculation that drilling by Falconbridge Ltd. might produce encouraging results from a base metals property …
INSIDER TRADES (January 23, 1989)
Aquagold — Reed Inv bought 60,000 (Nov, private) @ $1.25 to hold 125,000. Audrey — Northgate Expl bought 850,500 (Nov, Dec, private) @ $2.25-65 to hold 2,800,500. Burgess Point — Perton Dev bought …
Sikaman to treat tailings deposit
Exercising its options, Sikaman Gold Resources (TSE) has acquired the right to treat a tailings deposit at Snow Lake, Man. The company anticipates placing the project into production during the fourth…
Pacific Comox Res terminates option
Recently terminating an option to earn a 50% participating interest in three properties northeast of Val d’Or, Que., was Pacific Comox Resources (VSE). The company (formerly Comox Resources) had the o…
Trader Res. to explore Ronnoco gold property
Broulan Resources (TSE) and Ronnoco Gold Mines (COATS) have recently signed an agreement which will see a subsidiary of Trader Resources (TSE) spend $400,000 to explore a Timmins area gold property ow…
Metal Prices PRODUCER PRICES (January 23, 1989)
ALUMINUM: MW U.S. Market $1.13-$1.16 per lb. (Jan 5, 1989). ANTIMONY: New York dealer 98 cents -$1.03 per lb. (Jan 5, 1989). BISMUTH: New York dealer $6.65-$6.75 per lb. (Jan 5, 1989). CADMIUM: New Yo…