Volume, value slip on VSE in 1991
Trading was sluggish on the Vancouver Stock Exchange early in 1991 compared with 1990 but gained momentum during the last four months, when both volume and value surpassed performance compared with th…
Articles by Northern Miner Staff
INSIDER TRADING (January 20, 1992)
Royal Oak Mines (TSE) director George Oughtred recently added to his holdings in the Vancouver-based gold producer. According to the Ontario Securities Commission OSC Bulletin, Oughtred bought 54,610 …
Asamera bullish on Meliadine
An additional $1.5 million will be spent on the Meliadine River gold project in the Northwest Territories this year after Asamera Minerals (TSE) received encouraging results from its 1991 program. “I …
U.S. REPORT (January 20, 1992)
The latest update of reserves at the Alligator Ridge property owned by USMX (NASDAQ) has boosted reserves by 57% from the previous estimate in mid-1991. Proven and probable oxide reserves at the Nevad…
Princeton files plan for Cassiar
Pursuant to the Companies’ Creditors Arrangement Act, Princeton Mining (TSE) has filed a reorganization plan with the British Columbia Supreme Court for the company’s wholly owned subsidiary, Cassiar …
Hemlo, Crude differences cloud Eagle River project
The immediate future of the Eagle River gold project at Mishibishu Lake, Ont., has been clouded by the differing aspirations of owners Hemlo Gold Mines (TSE) and Central Crude (TSE). Having written do…
NovaGold to use vat-leaching on Newfoundland gold project
Halifax-based NovaGold Resources (TSE) plans to apply its vat-leaching techniques, which have been successful at the Murray Brook mine in New Brunswick, to the Pine Cove gold property in the Baie Vert…
Stepout drilling expands Kemess reserves
Stepout drilling on the South Kemess property in north-central British Columbia during 1991 added significant reserves to what was already a large copper-gold deposit. A preliminary estimate of reserv…
PRODUCER PRICES (January 20, 1992)
ALUMINUM: MW U.S. market US51.25-51.75 cents per lb. (Jan. 2, 1992). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep. 26, 1991). CADM…
Financing deal clears way for Louvicourt development
Toronto-based Aur Resources (TSE) has set the stage for rapid development of the Louvicourt Twp. base metal deposit after cutting a financing deal with Vancouver majors Teck (TSE) and Cominco (TSE). A…
Audrey shuts down Mobrun mine
Audrey Resources (TSE) has shut down its Mobrun polymetallic mine near Rouyn-Noranda, Que., and laid off 115 workers after exhausting ore in the Main lens and three smaller deposits. A company spokesm…
Goldstream shows operating profit
The owners of the Goldstream copper mine near Revelstoke, B.C., expect to report an operating profit of about $2.2 million for the six months ended Nov. 30. The mine is jointly owned by Goldnev Resour…