Plexus financing (May 02, 1988)
A $33-million(US) credit facility has been established by Plexus Resources Corp. (TSE). Completed with Elders Resources Finance, based in Sydney, Australia, the deal also gives Elders warrants with wh…
Articles by Northern Miner Staff
Editorial Common sense may yet win out
It’s sometimes difficult to separate reality from wishful thinking when it comes to judging the success of the mineral exploration industry’s campaign to save flow-through financing. The issue itsel…
Nickel price won’t sway Que. Raglan
If the shareholders of New Quebec Raglan Mines (TSE) were hoping that a sudden upsurge in nickel prices would encourage the company to harness its huge nickel deposit at Ungava, Que., they came away f…
SMDC and partners Ramp planned at Fork Lakes
The Fork Lakes joint venture has decided to proceed with a $6-million underground exploration program on the Fork Lakes gold property about 80 miles northeast of La Ronge in northern Saskatchewan. Par…
Garrison resumes drilling at Michaud gold property
Drilling has resumed on the 40%-owned Michaud property of Garrison Creek Consolidated (COATS), about 60 miles east of Timmins, Ont., President William Harrison says. The work is being funded by The Co…
Metal Prices PRODUCER PRICES (May 02, 1988)
ALUMINUM: MW U.S. Market $1.085- $1.105 per lb. (Apr 14, 1988). ANTIMONY: New York dealer $1.08-$1.13 per lb. (Apr 14, 1988). BISMUTH: New York dealer $5.70-$5.85 per lb. (Mar 24, 1988). CADMIUM: New …
Big crowd in Chicago for Minexpo equipment show
An estimated 18,000 people attended the American Mining Congress’ Minexpo mining and milling equipment show that was held here April 24-28 in the cavernous McCormick Place along the Lake Michigan wate…
Court orders Blackdome miners to return to work
A group of underground employees at Blackdome mine near Clinton, B.C. were expected to be back on the job last week following a court order which called for an end to their 6-day strike. The 18 member…
Exploration drilling FLOW-THROUGH UNCERTAINTY LINGERS
Many of Canada’s drill manufacturers experienced record sales last year, but fears are growing among them that the current exploration boom may soon become a bust. It all depends on whether new drills…
NEGOTIATIONS The Ground Rules
The Ontario Court of Appeal, in the case between Lac Minerals and International Corona Resources, has made most of the mining industry acutely aware of the concept of negotiation in mining deals. In e…
Continuous mining STRAIGHT AND DEEP
Late in March, a series of four blind holes to a depth of 2,000 ft were drilled at Inco’s Crean Hill mine by Underwater Gas Developers. In a departure from normal practice, Underwater Gas used oil fie…
New magnesium plant given green light
What the Magnesium Co. of Canada (Magcan) says has the potential to grow to be the largest of its kind in the world, a magnesium production facility located near High River, Alta., was recently given …