Montreal Exchange (December 30, 1991)
The holiday season buoyed investors, who turned out in strong numbers during the period ended Dec. 23. Daily trading volumes ranged between 4.2 million and 10.9 million during the four days, driving t…
Articles by Northern Miner Staff
Spot prices at a glance (December 30, 1991)
Week’s Price (US) Change Gold* $359.40 + $1.90 Silver* $ 3.90 + $0.01 Platinum*$339.85 – $8.90 Nickel** $ 3.25 + $0.01 Lead** $ 0.25 + $0.01 Copper $ 0.98 $0.00 Zinc $ 0.53 + $0.01 Courtesy of Scotiab…
Noranda chopping exploration funds
The mineral exploration arm of Noranda (TSE), Noranda Exploration, plans to reduce its exploration personnel and reduce spending by about one-quarter in 1992. The total exploration budget of Noranda E…
Cambior, Aurizon test zone 20
Most of the current exploration work at the Sleeping Giant mine project north of Amos, Que., is being carried out on zone 20, project partners Aurizon Mines (TSE) and Cambior (TSE), the operator, repo…
Timmins, Habsburg test mills for taking Dome Mountain ore
The Dome Mountain gold mine near Smithers, B.C., recently completed deliveries of 5,600 tons of ore. Timmins Nickel (TSE) is earning a 60% interest in the mine from Habsburg Resources (VSE) by bringin…
Freewest, Canaco plan suit over claims near Benoit find
Two juniors, Freewest Resources (TSE) and Ressources Minieres Canaco (ME), are planning lawsuits seeking a total of $5.9 million in damages against Forbex Mining Resources (ME) over disputed claims cl…
TORONTO STOCK EXCHANGE INDICES (December 23, 1991)
Dec 17 Dec 16 Dec 13 Dec 12 Dec 11 High Low Composite 300 3325.08 3346.05 3359.47 3348.42 3351.92 4009.47 3009.91 Metals & Minerals 2689.56 2724.79 2768.41 2760.23 2752.01 3453.06 2502.63 Integrated M…
Geologist touts Irish projects
The time is ripe to get involved in a new generation of Irish mineral exploration companies, says a Halifax, N.S., consulting geologist. James Patterson, who did his Ph.D. work at Imperial College in …
Morrison deal
Morrison Minerals (TSE) reports the completion of the sale of its shares in Aerodat Ltd. to Geonex Ltd. for cash, dividends and shares in Geonex. (Aggregate value of the deal is about $3.75 million.) …
Bell Creek mill to be reopened
Having completed the purchase of the Bell Creek mine and mill at Timmins, Ont., from Canamax Resources (TSE), Falconbridge Gold (TSE) says it intends to reopen the mill early in 1992 to process ore fr…
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…
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 …