Southern Peru to invest US$300m
Southern Peru Copper Corp. (SPCC) will proceed with a US$300-million capital investment program after settling a dispute with he Peruvian government over investment recovery contracts. Under the terms…
Articles by Northern Miner Staff
Montreal Exchange (January 27, 1992)
Resource issues were in favor the week ended Jan. 21, when the mining and minerals index jumped by more than 44 points. The general market portfolio index headed the other way, closing down by almost …
Queenston, Royal Oak intersect new gold zone at Upper Beaver
Partners Royal Oak Mines (TSE) and Queenston Mining (TSE) have intersected a new zone 2,500 ft. north of the old workings on the Upper Beaver mine property near Kirkland Lake, Ont. Results from hole B…
Perrons put Clenor into new company
The Perron brothers from Kirkland Lake, Ont., say they plan to fund exploration of the Clenor property near Temagami, Ont., through Gwen Resources (ASE). Gwen President Alex Perron says he plans to ta…
EDITORIAL PAGE (January 20, 1992)
Many countries in South America have opened their doors to foreign investment in recent years. The experiments with socialism and totally state-owned enterprises have been modified, if not discarded, …
NEWS ROUNDUP (January 20, 1992)
New Zealand company Restech International says its Restech Canada Holdings Ltd. unit is set to acquire a 34% stake in Vancouver-based High River Gold Mines (TSE) from TVX Gold (TSE). In exchange for t…
LETTERS TO THE EDITOR (January 20, 1992)
We refer to the article “one dead, one injured at Macassa, blast injures 11 at Sa Dena Hes” (T.N.M., Dec. 30/91). One of the two mine sites, Sa Dena Hes, is a joint venture operation of our company.Th…
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 …
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…