PROFILE (February 03, 1992)
Despite the economic slump, Dickenson Mines reported record improvements in earnings for the nine months ended Sept. 30, 1991: $6,217,000 (35 cents per share) compared with $2,591,000 (15 cents per sh…
Articles by Northern Miner Staff
Spot prices at a glance (February 03, 1992)
Week’s Price (US) Change Gold* $355.40 – $1.45 Silver* $ 4.16 – $0.10 Platinum* $346.50 + $6.75 Nickel** $ 3.48 – $0.09 Lead** $ 0.23 $0.00 Copper $ 0.99 + $0.02 Zinc $ 0.53 + $0.00 Courtesy of Scotia…
Minnova completes Izok Lake purchase
Toronto-based Minnova (TSE) recently completed the purchase from Falconbridge of a 100% interest in the Izok Lake and Hood River properties as well as a 60% stake in the Gondor property. Under a previ…
NEWS IN BRIEF (February 03, 1992)
Spectrum Gold Corp. (SGI.A:ME) has changed its name to Scarlett Minerals Inc. (SMI:ME) with a consolidation of capital on a 1-new-for-2- class-A-old-share basis.
Suntac hikes Polaris-Taku reserves
A recent independent geostatistical study boosted reserves for the Polaris-Taku deposit in northern British Columbia to 2.2 million tons grading 0.43 oz. gold per ton. Suntac Minerals (VSE) can earn a…
Speculation runs high on Cortez-Robertson
A recent gold discovery on the Cortez joint venture owned 60% by Placer Dome (TSE) helped push Coral Gold’s (VSE) share price to new highs on speculation the deposit may extend on to an adjoining prop…
New Eskay deal for Placer, Corona
The latest round of discussions between a tougher Placer Dome (TSE) and a more-willing-to-compromise International Corona (TSE) culminated in a new deal for development of the Eskay Creek deposit nort…
Cal Graphite, Takla settle litigation
An agreement to settle a lawsuit between Takla Star Resources (ASE) and Cal Graphite (VSE) has been reached, the companies report. However, Takla says it will continue its lawsuit against E.J. Blancha…
Royal Oak acquires Broulan
Vancouver-based Royal Oak Mines (TSE) recently purchased the interests of Belmoral Mines (TSE), Cabre Exploration (TSE) and Wrightbar Mines (ME) in 58 claims containing the former Broulan and Porcupin…
Active exploration scene at Quebec’s Benoit Twp.
Despite a claim dispute that still hangs over the area, Benoit Twp. in northwestern Quebec is poised for a second burst of exploration activity. Under a recently signed agreement with Freewest Resourc…
New zone taking shape at LaRonde
Surface drilling along a gold zone discovered 300 ft. north of the main horizon at Agnico-Eagle Mines’ (TSE) LaRonde mine near Rouyn-Noranda, Que., (T.N.M., Nov. 25/91) is producing encouraging result…
Quebec to sell stake in Asbestos
After pumping hundreds of millions of dollars into Quebec’s asbestos industry over the years, provincially owned Societe Nationale de l’Amiante (SNA) says it intends to sell its interest in one of Que…