Newmont mine yields million oz.
A North American mine produced more than one million ounces gold in 1991. The Gold Quarry mine of Newmont Gold (NYSE) in northeastern Nevada yielded about 1,025,000 oz. during the year. The mine set i…
Articles by Northern Miner Staff
GSC colloquium set for Ottawa
The Geological Survey of Canada (GSC) will stage its second Minerals Colloquium in Ottawa on Jan. 22-24. The colloquium will follow the GSC Forum on Jan. 20-22. The colloquium and forum comprise the s…
Asarco drops Taseko property
After funding over $1 million of exploration over the past two years, a unit of Asarco (NYSE) recently dropped its option to earn 60% of the Taseko copper-gold property west of Clinton, B.C. Westpine …
Breakwater works at restructuring
Financially beleaguered Breakwater Resources (TSE) is continuing negotiations with an undisclosed party aimed at reaching an agreement for a restructuring plan. The company, which has reported heavy l…
Glimmer, Hemlo pick up contact
With the latest phase of drilling on its property near Matheson, Ont., complete, Glimmer Resources (VSE) says mineralization has been extended 100 metres along strike. Hole 91-60, which picked up the …
Crown Butte’s New World hottest play in Montana
One of the more active projects this year is Crown Butte Resources’ (TSE) New World gold-silver-copper property in an old mining camp near Cooke City, Mont. The company took on the project in 1987, wi…
Focus on Washington’s Republic gold camp
Exploration activity in Washington was largely focused on the Republic gold camp, a region best known for Hecla Mining’s (NYSE) high-grade (0.9 oz. head grade) gold mine. Hecla is still exploring near…
1991 — A Look Back (January 06, 1992)
Low metal prices and a nation-wide recession shattered central Canada’s once vibrant mining sector in 1991. As mines closed, balance sheets bled and exploration geologists fled to more hospitable envi…
Bema to float convertible deb
Subject to regulatory approval, Yorkton Securities has agreed to complete a brokered private placement of up to $9 million in convertible debentures for Bema Gold (TSE). The debentures pay 8% and are …
NEWS ROUNDUP (January 06, 1992)
A production record was set by Minerex Resources (TSE) for the quarter ended Nov. 30. The company reports third-quarter gold production of 12,770 oz. from its 50% owned Aurora Partnership mine near Ha…
American Chromium to merge with Courageous
Subject to regulatory approvals, American Chromium (ASE) and Courageous Exploration (ASE) will amalgamate on Jan. 1, 1992. Shareholders of both companies approved the merger to form Rhonda Mining at s…
Spot prices at a glance (January 06, 1992)
Week’s Price (US) Change Gold* $353.40 – $ 6.00 Silver* $ 3.86 – $0.04 Platinum*$334.20 – $5.65 Nickel**$ 3.25 $0.00 Lead** $ 0.24 – $0.01 Copper $ 0.98 $0.00 Zinc $ 0.53 $0.00 Courtesy of Scotiabank….