Minefinders royalty
Minefinders Corporation (TSE) says it expects to receive royalties from a 2% net smelter return on the Dubuisson East property in Val d’Or, Que., as a result of Western Quebec Mines’ decision to proce…
Articles by Northern Miner Staff
Ontario budget draws praise
By recognizing mining as a significant contributor to the province’s economy, the new Ontario budget has drawn a favorable response from industry representatives. While operators have been guaranteed …
Tandem, N.A.R. alter sale price
Separate transactions involving Toronto-based affiliates Tandem Resources (ME) and North American Rare Metals (ME) have been altered slightly to comply with regulatory requirements. In the first trans…
Plexus moves into the black
With the first full year of production from its 24.01% owned Denton Rawhide mine behind it, Plexus Resources (TSE) reported positive earnings and cash flow in 1991. Plexus also holds a 2.45% royalty i…
PRODUCER PRICES (May 11, 1992)
ALUMINUM: MW U.S. market US61.75-62.75 cents per lb. (Apr. 23, 1992). ANTIMONY: New York dealer US78-82 cents per lb. (Mar. 26, 1992). BISMUTH: New York dealer US$2.50-2.70 per lb. (Mar. 26, 1992). CA…
Senior gold producers respond to Newmont Mining purchase
Newmont Mining believes the worst is over for gold and to prove it, North America’s biggest gold producer spent US$126 million during the week ended May 5 to buy 375,000 oz. of the yellow metal. The N…
Pegasus’ quarterly output jumps
A production record of 64,200 oz. gold was set by Pegasus Gold (TSE) for the 1992 first quarter, a 56% increase over the 41,100 oz. produced during the comparable 1991 period. The Spokane-based compan…
Gibraltar amends Newcoast agreement
The amendment to the property interest agreement between Newcoast Silver Mines (VSE) and Gibraltar Mines (TSE) clears the way for a 19,300-ft. diamond drilling program on the Gibraltar North zone this…
INSIDER TRADING (May 11, 1992)
Wheaton River Minerals (TSE) Chairman Ian McDonald continues to be one of the junior resource industry’s most active insiders. In any given week, McDonald’s name usually appears in the Ontario Securit…
LETTERS TO THE EDITOR (May 04, 1992)
I am a longtime subscriber to The Northern Miner. I am writing to urge you to return to your original format of listing the Canadian mining shares; the new way is confusing. It would be the same as Th…
New chairman takes charge at nickel producer Inco
A changing of the guard occurred recently at Inco (TSE) with the retirement of Donald Phillips, 62, from the company’s top job. Phillips, who had been with the company for 36 years, handed the reins o…
Latin American notes
United Nations officer Wolfgang Gluschke, in a Miami conference paper on mineral investment promotion: Most countries in Latin America have undergone considerable changes in the economic, social and p…