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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
CoCa acquisition precursor to higher gold production
Recognition in the gold mining industry is usually a function of how many ounces you produce. So the recent purchase by CoCa Mines (NASDAQ) of Geodome Resources is an important acquisition for the com…
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,…
Gold funds as of May 23 (June 05, 1989)
BGR Goldcorp Central MVP Capital Net value $11.42 % $ 6.89 % $ 6.06 % $ 0.61% Price $9.625 % $ 3.95% $ 5.38% $ 0.35% Discount $15.72% 42.7 % …
New mines will help boost Cambior gold production
Quebec-based gold producer Cambior Inc. (TSE) turned out 191,207 oz in 1988 and is expecting a similar output this year. New projects coming on stream will increase production to 260,000 oz in 1991, t…
Scam artists peddle Barrick warrants
Police in Vancouver are attempting to locate a number of persons involved in a fraudulent scheme designed to hook U.S. shareholders of American Barrick Resources (TSE) into buying warrants at bargain …
Metal prices headed for a `soft landing’ says bank economist
Metal prices are on the decline but the fall is expected to be relatively gentle, says an economist with Scotiabank. “The correction in metal prices over the next 18 months will be considerably less t…
Spot prices at a glance (June 05, 1989)
Price Week’s ($US) Change($) Gold* 363.50 + 1.00 Silver* 5.22 + 0.05 Platinum* 501.25 +15.00 Nickel** 5.85 + 0.25 Lead** 0.29 — 0.01 Copper 1.18 + …
Viola MacMillan to donate $1.25 for Pinch collection
One of mining’s best known personalities plans to donate $1.25 million toward the fundraising drive for the William Pinch mineral collection. Viola MacMillan said she took three weeks to make up he…
MVP’s first-auarter loss raises shareholders’ ire
Ian McAvity, president of MVP Capital (TSE) faced a withering barrage of quesions from angry shareholders at the company’s annual meeting. Shareholders vented their anger at the meeting, demanding a…
Black Hawk buys Minago nickel prospect
Black Hawk Mining (TSE) has acquired the right to purchase a 75% interest in a large nickel deposit in Manitoba from Canamax Resources (TSE). Known as the Minago property, past drilling by Amax Canada…
Bank tells Chelsea to pay $2.1 m loan
Toronto-based Chelsea Resources (VSE) was recently negotiating with several mining groups in a bid to resolve its financial problems. Chelsea and its wholly-owned U.S. subsidiary Chelsea Resources (U….