U.S. REPORT (December 23, 1991)
Homestake Mining (NYSE) and Goldstake Explorations (TSE) have suspended work on the Whitewood Creek tailings project in South Dakota until gold prices improve. The project, a 50-40-10 joint venture am…
Articles by Northern Miner Staff
Arimetco completes Yerington expansion
Oxide copper specialist Arimetco International (TSE) has commissioned a new 65,000-lb.-per-day solvent extraction electrowinning (SX-EW) plant at its Yerington copper mine in Nevada. Once the tune-up …
Loss narrows for Goldfields
First-quarter losses for Consolidated Nevada Goldfields (TSE) during the three months ended Sept. 30, narrowed to US$235,000 from a loss of US$2.1 million in the same period last year. The improved re…
JKS Boyles lays off 30 at Orillia
A restructuring plan by international equipment manufacturer JKS Boyles recently resulted in the elimination of 30 jobs at the company’s Orillia, Ont., facility. The Orillia location, which has been d…
CSA purchase
CSA Management (TSE) of Toronto recently boosted its beneficial ownership in Goldcorp (TSE) to 14% through the open-market purchase of 9,800 A shares of the latter. Goldcorp is the controlling shareho…
$88 million from governments helps HudBay upgrade smelter
A $187-million program designed to reduce sulphur dioxide emissions at Hudson Bay Mining and Smelting’s (TSE) copper-zinc plant in Flin Flon, Man., got under way recently. Financing for the program wa…
Oregon’s new policies threaten halt to mining activity
Several mining companies active in Oregon are reported to have abandoned plans to develop gold mines in the state because of new environmental policies that will treat all mine operations using cyanid…
FINANCING (December 23, 1991)
Minerva Gold Mines Ltd – 1,000,000 shs offered @ 50 cents per sh. September Resources Ltd – 625,000 shs offered @ 37.5 cents per sh. Canadian Imperial Mines Inc – 600,000 shs offered @ 40 cents per sh…
Soquem options Kingswood claims
Soquem, a Quebec government-owned exploration concern, has taken an option on Kingswood Explorations’ (ASE) 60-claim property in the Eastmain River area of northern Quebec. In order to earn a 50% inte…
Placer Dome opts out — Corona goes alone at Eskay
A $10-million feasibility study to be completed next year will be used by International Corona (TSE) as a bankable document to continue development of the Eskay Creek project, now estimated to contain…
Aur probing Charlim property
Toronto-based Aur Resources (TSE) recently commenced field work on a 63-claim base metal property in the Joutel-Poirier area about 100 miles north of Val d’Or, Que. Under an agreement with Charlim Exp…
METAL PRICES (December 23, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Dec 17 Dec 16 Dec 13 Dec 12 Dec 11 Copper 1191-1192 1187-1188 1193-1195 1209-1211 12…