Glamis on track to reach targets
With gold production of over 35,000 oz. for the first six months of fiscal 1992, Glamis Gold (TSE) is well on the way to meeting output projections of 75,000 oz. for its 1992 fiscal year. Second-quart…
Articles by Northern Miner Staff
Holloway land resolution this spring
Negotiations to create a single mine property at the Holloway gold project east of Matheson, Ont., should be completed within the next couple of months, says Ian Bayer, president of Hemlo Gold Mines (…
PRODUCER PRICES (February 17, 1992)
ALUMINUM: MW U.S. market US57.00-58.25 cents per lb. (Jan. 30, 1992). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$2.90-3.10 per lb. (Jan. 23, 1992). CAD…
Slipping Sleeper lowers Amax Gold’s ’91 earnings
Net earnings for the year ended Dec. 31, 1991, slipped about 25% for miner Amax Gold (NYSE). The company reports net earnings of US$21.2 million, or 35 cents per share, compared with earnings of US$28…
Bitterroot in option deal with LAC for Giant Copper
The Giant Copper property owned 100% by LAC Minerals (TSE) was recently optioned to Bitterroot Resources (VSE) under a sale-option agreement. The property is north of Lillooet in south-central British…
New Kelore, Pan Orvana set to merge
Shareholders of New Kelore Mines (TSE) and private Vancouver company Pan Orvana Resources were recently told to expect a “more vibrant future” after voting almost unanimously in favor of a merger prop…
Placer, Newhawk, Granduc divide Sulphurets property
The Sulphurets property in northwestern British Columbia has been divided into three parts as a result of the closing of recent agreements among Newhawk Gold Mines (TSE), Placer Dome (TSE) and Granduc…
Hillsborough-Brinco merger on
The proposed merger between Hillsborough Resources (TSE) and Consolidated Brinco (TSE) was recently approved by shareholders and the Alberta courts. Under the merger arrangement, Consolidated Brinco s…
U.S. REPORT (February 17, 1992)
As a result of a planned restructuring, Galactic Resources (TSE) announced it will not meet the Jan. 31 interest payment on its outstanding 7% exchangeable debentures. Peter Guest, president, said the…
TSE Short Positions (February 17, 1992)
Semi-monthly reports as of January 31, showed 22,728,756 shares of 591 issues compared with 20,679,088 shares of 600 issues on January 15. Larger individual positions included: Amer. Barrick 147,500, …
PROFILE (February 17, 1992)
Late last year, Fort Knox Gold Resources emerged from a dormant penny stock to become one of the most active issues in The Toronto Stock Exchange. Much of the credit goes to Exploration Vice-President…
Toronto Stock Exchange (February 17, 1992)
Shares of Joutel Resources made the active list during the week ended Feb. 11, as Aur Resources prepared to start drilling on the company’s copper-zinc property in northwestern Quebec. Joutel moved up…