Editorial Keep the power coming
When Falconbridge paid its electricity bill last year it took a $70-million bite out of the company’s bank account. Falconbridge is one of Ontario Hydro’s largest customers, largely because of the K…
News
St. Andrew set to begin gold production at Stock
Production from the Stock Twp., Ont., gold mine development owned by St Andrew Goldfields (TSE) will begin by month-end, The Northern Miner learned during a tour of the site. “Milling will begin ahead…
Samatosum mine ahead of schedule
Start-up of the Samatosum project near Adams Lake, B.C., was about one month ahead of schedule, according to Rea Gold Corp. (TSE) which owns 30% of the high grade silver and base metal mining operatio…
Ronrico/Louvicourt in metals venture
Partners Ronrico Explorations (VSE) and Louvicourt Gold Mines (COATS) are planning to explore for a base metals deposit on the untested northern two-thirds of the Simkar property east of Val d’Or, Que…
Editor’s Note IN DECLINE?
We had a few arguments around this office when we first came up with the idea of running a feature on copper mining. What would we headline the special report? “Canada’s Copper Kings” had a pleasant a…
Uranium Resources curtails production
The depressed state of the uranium market has prompted Uranium Resources (TSE) to curtail its production activity and delay plans for wellfield development and plant construction at several U.S. mine …
Two mining projects receive gov’t grants
Government grants for infrastructure work at two mining projects in northwestern Quebec have been awarded to Cambior Inc. (TSE) and Ressources Minieres Rouyn (TSE). The federal and Quebec governments …
Metal Prices (July 03, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 27 June 26 June 23 June 22 June 21 Copper 1596…
INSIDER TRADES (July 03, 1989)
Bema Gold — Bema Ind. sold 250,000 (May, private) @ $1 to hold 708,350. Black Hawk — G. Bub bought 100,000 (June) @ 39 1/2 cents to hold 100,000. G. Hughes bought 90,000 (June) @ 29 cents -48 cents…
Redstone follows its leader; shops for royalty interests
Redstone Resources Inc. (TSE) has gained a new lease on life in the robust fold of Franco Nevada Mining Corp. (TSE), shareholders were told at Redstone’s recent annual meeting. Debt-free and with $1.3…
Toronto Stock Exchange Aur, Louvem advance on Noranda buying rumor
Excited investors continued wheeling and dealing at a feverish pace in the Val d’Or triplets — Aur Resources, Louvem Mining and St. Genevieve Resources. The rush to buy shares was sparked two weeks a…
MRI seeking new ventures to replace Nanisivik
With a banner year for earnings behind it and another one shaping up, Mineral Resources International (TSE) continues scanning the horizon for new opportunities and sources of revenue. “We could easil…