Record quarter for Coeur D’Alene Mines
Lower production costs and increased gold output at the Rochester mine were factors which contributed to a record third quarter for Coeur D’Alene Mines. The company reported third- quarter income of $…
Articles by Northern Miner Staff
Spot prices at a glance (December 05, 1988)
Week’s Price (US) Change Gold (per oz) $421.30 -$ 3.35 Silver (per oz) $ 6.07 -$ .04 Platinum (per oz) $602.00 -$34.00 Copper (per lb) $ 1.54 +$ .01 Lead…
Corona Corp.
Corona Corp. (TSE) has acquired 389,121 common shares of Breakwater Resources (VSE) pursuant to a private agreement. These share combined with the 3,869,900 common shares of Breakwater already owned b…
Innovation rewarded at Redpath
During 1987, the innovation committee at J. S. Redpath Limited was established to evaluate ideas presented by employees. Since that time, many gold and silver coins have been awarded as well as dinner…
News in Brief (December 05, 1988)
City Gold Corp. has changed its name to ExtraCare Corp. (EXT:ASE) on a share-for-share basis.
Cambior gets 30% of Nova-Cogesco
Cambior Inc (TSE) has made an offer to acquire between 30% to 60% of all the shares of Nova- Cogesco Resources (ME) at $1.50 per share. Cambior, which owns about 3.8% of the company, wants to increase…
Rebound in metal prices helps commodity index
An increase in metal and forest product prices offset declines in crude oil and agricultural prices during October and helped Scotiabank’s all-commodity price index advance by 0.9% from the previous m…
Toronto Stock Exchange Golds and metals provide boost to index
A much-needed 21-pt boost helped move the composite index to a close of 3,294.68 pts. That represents a 48-pt gain during our review week. Today’s gains came on the backs of golds and metals which eac…
Galactic takes $40 million write-down for Summitville
A $40 million(US) write-down has been taken by Galactic Resources (TSE) for its Summitville mine in Colorado. And Galactic chairman, Robert Friedland, is now downplaying the operation’s importance in …
Starrex reports profit in 1988 third quarter
Now in its first year as a gold producer, Starrex Mining (TSE) recently reported a third quarter profit of $619,116 or 16 per share. A 35% joint venture partner with Uranerz Exploration and SMDC at t…
CANMET conference
The Canadian Centre for Mineral and Energy Technology (CANMET) has issued a call for papers and has announced a conference for Nov 15-17, 1989 in Timmins, Ont., titled “conference on surface crown pil…
Canadian-United says Teeshin option on Dome Mountain project
The fight has been going on for years but Canadian-United Minerals (VSE) may at long last have the upper hand in its dispute with Teeshin Resources (VSE) over the Dome Mountain project northeast of Sm…