Journalist’s goal is to help investors
It’s encouraging to note that being supported by such advertisers as Albert Applegath has not prevented The Northern Miner from taking controversial editorial positions (see “Vancouver’s successes ove…
News
Armistice drilling confirms zone
Results from five holes drilled into the Sheldon zone include 0.32 oz gold per ton over 9 ft and 0.23 oz over 5 ft, Armistice Resources (ME) reports. The drilling, from stations on the 2,250-ft level,…
Island Copper workers secure hefty increase
Unionized workers at BHP- Utah’s Island Copper mine at Port Hardy on Vancouver Island recently approved a 2-year contract which will yield a 17.56% wage increase over the life of the agreement. In add…
Agnico to swallow a poison pill
Agnico-Eagle Mines (TSE) will be asking shareholders at its annual meeting next month to swallow a poison pill designed to thwart unsolicited takeover bids. Formally known as a shareholder rights plan…
Vancouver Stock Exchange Bargain hunters scoop up juniors
Business may be getting back to normal on the VSE after the recent windstorm of bad press by several leading U.S. business publications, but that still means low share prices and declining volumes in …
Quebec recognition
Five mining companies and a veteran prospector were recently recognized by the Quebec government for their contributions to the mining industry. Premier Robert Bourassa and Raymond Savoie, minister re…
Canpotex sales to China a model of marketing
If anyone could convince the miners of Canada that Asia and the Pacific Rim are ripe for renewed marketing efforts, that someone is Canpotex Ltd. President Erik Ekedahl. The story of his company’s sta…
Noranda Inc. serves notice of Falconbridge share plan
Toronto-based Noranda Inc. (TSE) recently indicated to the Toronto and Montreal stock exchanges that it may buy more shares of Falconbridge Ltd. (TSE) if and when prices are right. Noranda already hol…
COATS (over-the-counter) (June 05, 1989)
The dispute between Atlantic Goldfields and Jascan Resources was successfully resolved last week with Atlantic selling its 39.7% interest in Jascan for $3.8 million. Atlantic will also sell its intere…
Metal Prices (June 05, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 30 May 29 May 26 May 25 May 24 Copper 1696-16…
Queenstake’s future production will include hard rock mines
With a revamped board of directors and at least two hard rock mines on the horizon, Queenstake Resources (TSE) has resumed the practice of forecasting gold production. In the past few years the compan…
Letters to the Editor Mine managers do make use of rock mechanics
Your May 15 editorial “Rock Mechanics Research should be put to use” does a disservice to your readers with the mistaken impression that mine managers pay only lip service to the integration of rock m…