Asarco sells interest in asbestos partnership
A Canadian investor group has purchased the 33.33% interest held by Asarco Inc.’s (NYSE) LAQ affiliate in the LAB asbestos partner ship which operates the wor ld’s largest asbestos mine in Quebec. Th…
News
Earnings (September 11, 1989)
Northgate Exploration (TSE) reported net income of $880,000 or 0.03 cents per s hare for the second quarter. In the same period last year, the company reported net earnings of $1.3 million or 0.06 cen…
Boston Bay has 90% control of Lac des sles
In a recent story on Madeleine Mines, it was stated that Belleterre Quebec owns 90% of The Platinum Group. As that property was owned by Boston Ba y, was tha t company taken over by Belleterre? Please…
Moss gets approval for Power purchase
Toronto-based Moss Resources (ASE) says it has entered into a $500,000 flow-through private placement with Goldnev Resources In other news, Moss says the transfer ot its interests in 21 mineral proper…
Wilanour work on schedule
A major underground and surface exploration program on the former-producing Co chenour Willans gold mine near Red Lake, Ont., is expected to be completed by Oc tober, partners Inco Gold, Wilanour Reso…
Metals Page: Factors affecting the prices of metals
From time to time in the mining- refining business, I hear statements such as “the metal price ought to go up because my production costs have risen” or “I ne ed a better metal price.” These statement…
Brazil freezes foreign companies’s remittances
A recent action by Brazil to retain all foreign companies’ remittances of profits and dividends is likely to discourage overseas investors from considering any new projects in that country. The move h…
Photo by The Northern Miner (September 04, 1989)
Murray Pezim kisses a core sample taken from the Eskay Creek project being drilled by Calpine Resources. Skip Lemarier with the Norseman aircraft.
Piedmont boosts gold production by 56%
Despite persistently wet weather that hampered operations at its Haile heap leach mine in South Carolina, Piedmont Mining (NASDAQ) managed a 56% increase in gold production for its second quarter whic…
Montreal Exchange Buoyant mining issues
Stock prices finished higher on the week, helped by a buoyant mining sector. The mining and minerals index climbed almost 22 pts and the market portfolio more than 45 pts. Daily trading volumes were l…
IOCC GOLD OPTIONS Options Open Series Volume Last Interest Aug 370
22.50 ** Nov 360 P 307 4.501,241 ** The New York closing gold price was $366.75 per oz. Last quotations for IOCC gold options traded in Amsterdam, Montreal, Vancouver and Sydney …
Vancouver Stock Exchange Tide has turned for the VSE
What a week] Phones ringing, paper flying, champagne corks popping and record-breaking trading volumes. That’s the kind of action VSE brokers basked in after Calpine Resources released spectacular res…