Metal Prices PRODUCER PRICES (August 10, 1987)
ALUMINUM: MW U.S. Market 76.50 cents -79.50 cents per lb. (July 30, 1987). ANTIMONY: New York dealer $1.06-$1.12 per lb. (July 30, 1987). BISMUTH: New York dealer $3.35-$3.55 per lb. (July 30, 1987). …
Articles by Northern Miner Staff
Gibralter earnings improve in quarter
Gibraltar Mines had second-quarter net earnings of $288,000, reducing the company’s 6-month loss to $896,000 or 7 cents per share. The first- half loss in 1986 was $2.1 million or 18 cents per share….
Duration to drill Norton Lake play
Reconnaissance exploration on Duration Mines Norton Lake property in Ontario has outlined several gold targets, the company says. Locator Explorations is a joint venture partner on the property. Drill…
Montreal Exchange New market high
With the price of gold on the rise, surging resource issues pushed the Montreal Exchange’s market portfolio and mining and minerals indices to record levels this past week in moderate trading. The mar…
Gunnar, Mill City earning option in Tyranite mine
A joint-venture agreement has been entered into by Gunnar Gold and Mill City Gold with Tyranex Gold on the Tyranite Mines’ gold property in Tyrrell and Knight Twps. in the Matachewan area of northern …
Freewest, Noranda in a joint venture
Freewest Resources and Noranda Exploration have entered into a joint-venture agreement whereby Freewest has the right to earn a 30% interest in the Cline Lake property at Wawa, Ont., by providing $777…
States picks up PGM bet in Que
Toronto-based States Exploration has acquired two platinum group element (pgm) properties near Baie Comeau, Que. The ground covers a major structure at the contact between the southern extension of th…
Norex amalgamation (August 10, 1987)
Consolidated Norex Resources plans to amalgamate with its 100%-owned affiliate Triweb Resources. The former name will remain. The proposed effective date of amalgamation is Aug 31. The deal remains su…
$25 million issue by Asamera Minerals
Asamera Inc. announces that the previously reported sale of 2,500,000 units by its subsidiary Asamera Minerals Inc, to Dominion Securities and Midland Doherty for resale to the public, closed as sched…
Thyssen wins Vista contract
Regina-based Thyssen Mining Construction of Canada has been awarded a contract to commence the Phase II decline development on Vista Mines’ Rio project. A total of four Canadian companies submitted bi…
United Minerals options ground adjoining La Fosse
Canadian United Minerals has optioned 75 sq km of ground adjoining the La Fosse Platinum concessions in the Labrador Trough of Quebec. The trough is a 160-mile-long belt of favorable ultramafic rocks …
Nordac discovers a new gold zone
Discovery of a new zone of gold mineralization has resulted from initial trench sampling on the Revenue Creek property in British Columbia, according to Nordac Mining Corp. and Rexford Minerals. The n…