GUEST COLUMN (January 20, 1992)
A proposal to access the vast mineral resources of the Coronation Gulf area in the Northwest Territories holds the promise to provide from hundreds to thousands of jobs to northern residents, and can …
Articles by Northern Miner Staff
Amax completes Fort Knox buy
In exchange for 12.9 million shares and four million warrants, Amax Gold (NYSE) recently completed the purchase of a 100% interest in the Fort Knox property from former owners, Fairbanks Gold and Gilm…
NEWS IN BRIEF (January 20, 1992)
The International Monetary Fund, in its latest financial statements, reports gold holdings of 3.2 million kg (more than 10 million oz.) at designated depositories, as of Oct. 31, 1991.
GOLD FUNDS (January 20, 1992)
BGR Central Net Value $8.41 $4.95 Price $7.50 $4.350 Discount 10.81% 12.1 Value $50,067,000 $73,185,705…
Nymex withdraws from project
The New York Mercantile Exchange (Nymex) says it has withdrawn from a project to consolidate the operations of four commodity exchanges in New York City. Nymex’s board of directors cited economic cond…
Arimetco Int’l invests in Bolivian zinc mine
Arimetco International (TSE) has reached an agreement to acquire a 52% interest in the Andacaba zinc-lead-silver mine near the city of Potosi, Bolivia. The current owners of the mine have recently tak…
Noront’s drilling cuts zinc zones at Hurdman Twp.
Noront Resources (VSE) says it has pulled one of the most significant zinc intersections yet reported in the immediate area north of Falconbridge’s Kidd Creek, Ont., copper-zinc mine. Noront says one …
Placer buys Alban shares
A winter program of diamond drilling will begin in early 1992 on the Mitzi project 11 miles from Placer Dome’s (TSE) Mt. Milligan copper-gold deposit north of Prince George, B.C. Placer recently exerc…
PROFILE (January 20, 1992)
For the past two years, Noranda Inc. has been redesigning its corporate structure to maximize profit. According to plan, Noranda Minerals alone, a wholly owned subsidiary, will trim its exploration wo…
METAL PRICES (January 20, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan 14 Jan 13 Jan 10 Jan 9 Jan 8 Copper 1167-1168 1165-1166 1175-1177 1154-1155 1124…
Alberta Stock Exchange (January 20, 1992)
The Exchange reports in its year-end review that junior companies, particularly in the resource sector, suffered through another difficult year in 1991. Flow-through financings took a huge drop from $…
Vancouver Stock Exchange (January 20, 1992)
With gold prices still hovering at the US$350-355-per-oz. level, trading results on the VSE indicate that investors are concentrating on non-resource issues. Brokers say investors are getting back in …