Articles by Northern Miner Staff


TSE Short Positions (May 20, 1996)

Short positions outstanding at April 30, 1996Larger individual positions included: Abacan 181,400; Barrick Gold 9,515,380; Agnico-Eagle 433,993; Algoma Steel 232,623; Asia Pacific 108,200; Arequipa Re…


Goldcorp extends high-grade zones at Red Lake

Ongoing exploration by Goldcorp (TSE) continues to expand high-grade gold zones at the Red Lake mine in western Ontario.Results from 33 holes show that nine have values greater than 0.97 oz. gold per …


Bre-X shareholders approve poison pill

Shareholders of Bre-X Minerals (TSE) recently approved a shareholders’ rights plan, a stock split and a resolution to spin out the Sangihe and Sable properties in Indonesia.Shareholders approved the r…


Sunshine firms up Argentine deposit

Drilling and sampling have expanded the estimated resource of the Pirquitas silver-tin deposit in northern Argentina.Sunshine Mining & Refining (NYSE) reports that the deposit contains 47.5 million to…


Phelps Dodge strong despite price slump

Despite a drop in the price of copper, Phelps Dodge (NYSE) was able to post strong earnings for the first quarter.The company earned US$153.1 million (or US$2.26 per share) for the first quarter, comp…


Earnings dip for Cyprus Amax

Low copper and molybdenum prices, combined with bad weather at its U.S.coal projects, caused Cyprus Amax Minerals (NYSE) to earn fewer profits in the recent first quarter than in the same period last …


Queenstake plans Chupaca drilling

In June, diamond drilling will begin on the Chupaca property in Peru, according to Queenstake Resources (TSE).Surface work by Queenstake Resources (TSE) has identified a gold anomaly measuring 700 by …


Toronto Stock Exchange Indices (May 20, 1996)

1996 May 14May 13May 10May 9May 8HighLowComposite”300″5206.595191.075176.815161.175160.815209.873983.34Metals&Minerals5548.925586.615596.945596.545624.605635.253273.56Integrated Mi…


Gold intersected at Golden Hill project in Cuba

The latest drilling at the Golden Hill project in Cuba has yielded impressive results.Hole GH-71, drilled vertically on the Little Golden Hill zone, intersected 27.25 metres of near-surface oxide mate…


Lyon Lake works toward startup at Beta Vargas

The first company to get a production permit from the Costa Rican government in 11 years is Montreal-listed Lyon Lake Mines, which can now develop its Beta Vargas gold project.Beta Vargas, 150 km west…


PRODUCER PRICES (May 20, 1996)

ALUMINIUM: MW U.S. market US75.5-76.5 cents per lb. (May 3, 1996).ANTIMONY: MW New York dealer US$1.80-$1.90 per lb. (April 26, 1996).BISMUTH: MW New York dealer US$3.80-3.95 per lb. (April 26, 1996)….


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