Spot prices at a glance (June 01, 1992)
Week’s Price (US) Change Gold* $338.45 + $1.00 Silver* $ 4.10 + $0.02 Platinum*$365.50 + $5.75 Nickel** $ 3.35 + $0.04 Lead** $ 0.23 0.00 Copper $ 1.01 0.00 Zinc $ 0.64 + $0.01 Courtesy of Scotiabank….
Articles by Northern Miner Staff
Mining companies cut costs to weather lower metal prices
Mining companies the world over are battening down the hatches to weather low metal prices, as rising costs are further eroding their shrinking revenues. One of the most extreme examples comes from Co…
War Eagle drilling Mexican prospect
An additional 10,000 ft. of reverse circulation drilling was recently started at the La Blanca property in Chihuahua, Mexico. War Eagle Mining (VSE), owner of the property, is attempting to further de…
Canchrome finds two new zones
Two new mineralized zones were uncovered by Canchrome Mines (ME) on the company’s Belanger chromite property near Thetford Mines, Que. One of the zones, Reed-A, sits 25 metres north of the Main zone a…
Sikaman proposes debt restructuring (June 01, 1992)
A June 24 meeting is planned by Sikaman Gold Resources (TSE) with the owners of its $6.1 million, 10% convertible debentures to consider a company proposal to convert the debt into preference shares a…
Lenora drills Rickard project
Encouraging results have been returned from drilling of the Rickard Twp. property about 40 miles east of the Kidd Creek mine at Timmins, Ont., Greater Lenora Resources (TSE) says. The four holes retur…
Cominco Int’l options copper project in Chile
Globe-trotting Cominco Resources International (TSE) recently optioned a Chilean copper property where previous work has already identified several million tonnes grading about 1% copper as well as nu…
Watkins named president of RFC
A new president has taken over at RFC Resource Finance (TSE). David Watkins, president of Minnova (TSE), has been named to the top RFC position. RFC’s major shareholder is Kerr Addison Mines (TSE), wh…
New staking beats previous records at Lac de Gras
One of the biggest staking rushes in North American history gathered momentum recently as crews representing junior and senior mining companies from across the continent flew in to claim more ground i…
Homestake extends offer for Corona
By agreement of all parties, the date by which Homestake Mining (NYSE) is to make a share exchange offer to shareholders of International Corona (TSE) was recently extended to June 15, 1992. The exten…
Placer’s earnings fall despite lower production costs
Despite a 29% increase in gold production and the lowest cash production costs since 1987, Placer Dome’s (TSE) net earnings fell to US$11 million for the first three months of this year from US$15 mil…
Coeur d’Alene posts earnings
Idaho-based Coeur d’Alene Mines (NYSE) posted net earnings of US$494,000 for its 1992 first quarter, an improvement over the US$2.24-million loss reported for the comparable 1991 period. A total of 1….