INSIDER TRADES (May 09, 1988)
Agnico-Eagle — P. Penna bought 200,000 to hold 266,152. Amer Barrick — J. Garbutt sold 22,644 to hold 4,200. Aurora Corp — L. Payton bought 13,500 to hold 53,500. Cominco — Teck Corp bought 456,40…
Articles by Northern Miner Staff
Metal Prices FREE MARKET (May 09, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date May 3 May 2 Apr. 29 Apr. 28 Apr. 27 Copper 1184-1186 N/A 1140-1142 1100-1110 1146-1147 Lead …
Trends in underground drilling
When hydraulic drills were introduced in the early 1970s, productivity shot up to an estimated 107 tonnes per man-hour. That compares with 13 tonnes per man-hour produced using the hand- held pneumati…
Jerome, Muscocho need reserve increase soon
With a November deadline to consider, Jerome Gold Mines (ASE) and Muscocho Explorations (TSE) are currently working against the clock to prove up enough reserves to place the old Jerome mine near Sway…
Tax dispute solvable: Falconbridge
A first-quarter 1988 profit of “only” $35.2 million, or 45 cents a share, could have been as much as $8 million more had it not been for the company’s troubles in the Dominican Republic, William James…
Cash-rich Lornex Mining looking to new opportunities
When a mining company turns into a holding company what’s to be done but pay dividends and wait for the cash flow to keep coming? That’s exactly what Lornex Mining (TSE), the 45% partner in Highland V…
Minnova awards feasibility study
The feasibility study for Minnova Inc.’s (TSE) Samatosum project, which includes joint venture partner Rea Gold Corp. (VSE), has been awarded to Kilborn Engineering of Vancouver. The study will determ…
CROSS-CUTS Going it alone in the Yukon
Do you have the driving ambition to start your own little gold mine but lack the wherewithal to pull it off? There is help for you in the form of a paper entitled A Study into the Feasibility of Small…
Teck earnings up (May 02, 1988)
For the quarter ended March 31, Teck Corp. (TSE) reported net earnings of $14.5 million or 18 cents per share compared to $6.7 million or 6 cents a year earlier. Six-month earnings ending the same d…
Queenstake grants option on Mar bet
A diamond drilling and surface sampling program will be carried out this summer on Queenstake Resources’ Mar gold property following an option agreement with Can Pro Development. Can Pro, a private B….
Water tas may scuttle Trail smelter expansion
At least a 25% increase in refined zinc production is being considered by Cominco Ltd. (TSE) at its Trail smelter operations, Robert E Hallbauer, president, told reporters after the annual meeting. Bu…
St. Genevieve Res. suspends offer for Louvem shares (May 02, 1988)
A bid to buy up to 4.8 million shares of Louvem Mines (TSE) at $1.50 per share has been suspended indefinitely by St. Genevieve Resources (ME). St. Genevieve, which owns about 56.5% of the common shar…