GUEST COLUMN (June 15, 1992)
What would you have if you had “hydrothermal gold-molybdenum deposition resulting from exsolution of volatile phases from a felsic magma with attendant alteration and brecciation”? The answer is, one …
Articles by Northern Miner Staff
TORONTO STOCK EXCHANGE INDICES (June 15, 1992)
June 9 June 8 June 5 June 4 June 3 High Low Composite”300″3386.09 3394.48 3392.56 3403.42 3407.34 4009.47 3009.91 Metals&Minerals 3193.57 3215.12 3202.90 3234.27 3157.17 3453.06 2502.63 Integrated Min…
NO HEADLINE (June 15, 1992)
The Canadian mining industry has one or two personalities who are always ready to make a statement. But there is one statement all miners have to make annually — the financial statement. It can be on…
ANNUAL REPORT REVIEW (June 15, 1992)
Public mining companies have considerable experience preparing a key section of an annual report called “management’s discussion and analysis of financial condition and results of operations” (MD&A). …
LATIN AMERICA (June 15, 1992)
A recently signed agreement between Orvana Minerals (VSE) and Noranda (TSE) will result in the two companies exploring for porphyry copper-gold deposits in Chile under a 40-60 joint venture. An initia…
Bank calls Curragh’s Westray loan
The Westray coal mine’s fate is now in the hands of the federal government following a recent decision by the Bank of Nova Scotia to call in a $95-million loan to Curragh (TSE). After closing the mine…
Silver demand outstrips supply
Demand for silver in 1991 outstripped supply for the second consecutive year, and forecasts for 1992 indicate further widening of this gap, reports The Silver Institute of Washington, D.C., in its Wor…
Gibraltar testing North zone
A 25,000-ft. drilling program recently started on the Jan/Summit claims owned by Newcoast Silver Mines (VSE) and Gibraltar Mines (TSE). Newcoast holds a 30% net profits interest in the claims with Gib…
List of players joining rush for diamonds growing daily
A handful of new players joined the hunt for diamonds in both the Northwest Territories and northern Ontario during the first week of June as experts retained by BHP-Utah Mines and Dia Met Minerals (V…
Plexus shareholders grill officers
Officers of Plexus Resources (TSE) were put on the spot by several disgruntled shareholders at the company’s recent annual meeting. Angry that a deal to buy Total Energold’s (TSE) 51% stake in the com…
U.S. REPORT (June 15, 1992)
According to a recent agreement-in-principle, Pegasus Gold (TSE) will acquire 800,000 units of International Curator Resources (VSE) at 25 cents per unit for a total price of $200,000. Each unit consi…
Gold Giant to fund Noranda exploration
Over the next five years Gold Giant Minerals (VSE) plans to fund a $3-million exploration program operated by Noranda Exploration on the Snoball property in northwestern British Columbia. The project …