Falconbridge profit down on lower nickel price
Slightly lower prices for base metals combined with increasing costs resulted in reduced second- quarter earnings for major nickel miner Falconbridge Ltd. (TSE). The company reports that markets for i…
News
IOCC GOLD OPTIONS (July 31, 1989)
Options Open Series Volume Last Interest Aug 390 C 445 1.50 1,808 Nov 400 C 188 5.00 2,147 Nov 380 C 147 1.20 1,551 Aug 400 C 116 0.50 3,398 Aug 380 C 64 …
Goldteck completes drilling at Belview, Nev.
Goldteck Mines (TSE) has completed a drilling program on its Belview property in the Carlin district of Nevada. The drilling confirmed known reserves on the property but did not add significantly to t…
Gabanintha is a winner for Black Swan Gold
It’s safe to say that Black Swan Gold Mines (VSE) would prefer to have a majority interest in the Gabanintha gold mine 25 miles south of here. But to get the property into production the company (and …
East West to process Restigouche ore
Marshall Minerals Corp. (ASE) has entered into an agreement with East West Caribou Mining in connection with the processing of the ore outlined on Marshall’s Restigouche property and sale of the resul…
Noramco options Ont. platinum group claims
Vancouver-based Noramco Mining Corp. (TSE) has acquired the Gionet platinum-palladium-copper- nickel property near White River, Ont. Noramco has the right to acquire a 100% interest, subject to a 2% s…
Correction (July 31, 1989)
In the July 17 edition of The Northern Miner it was incorrectly reported that Aaron Oil Corp. (ASE) traded on the Vancouver Stock Exchange. In fact, Aaron trades on the Alberta Stock Exchange.
Aur sizes up Louvicourt deposit
Despite all of the speculation that has accompanied a series of drill results at the Aur Resources (TSE), Societe Miniere Louvem (TSE) project near here, the joint venture is still trying to get a han…
Safest mines honored
The Mines Accident Prevention Association of Ontario has made its 1988 awards to the province’s safest mines. Falconbridge Ltd.’s Sudbury operation won for the safest underground mine employing more t…
Gold funds as of July 25
MPV BGR Central Capital Net value $11.96 $ 6.01 $0.57 Price $10.125 $ 5.62 $0.33 Discount 15.34% 6.4% 42% Value $71,186,209 $101,248,732 N/A…
Market downturn taking toll on Yukon exploration Special to The
This time last summer, helicopters were buzzing geologists in and out of a myriad of isolated mining exploration camps. It was a regular boom. Now, many of those camps are empty and fewer people are w…
Mine rescue champs photo
The team from Afton Operating Corp. won the recent provincial mine rescue competition in Prince George, B.C. The winners are: (back row l to r) Doug Birkenhead, Brian Hurren, Mike Logan, Arne Von Mayd…