U.S.REPORT (December 02, 1991)
Aside from Noranda’s (TSE) recent decision to option ground held by Great Lakes Minerals (TSE) on the Keweenaw Peninsula, the early 1990s can hardly be described as vintage years for mining in the sta…
Articles by Northern Miner Staff
INSIDER TRADING (December 02, 1991)
Robert Hallbauer, president of Vancouver-based resource giant Cominco (TSE), recently earned a paper profit of about $215,000 by exercising stock options. In October, according to the Ontario Securiti…
Applegath firms plan merger
A trio of companies in the Albert Applegath fold, Tundra Gold Mines (VSE), Oneida Resources (VSE) and Golden Pond Resources (VSE) plan to amalgamate into a new company called TGO Resources. The group’…
Montreal Exchange (December 02, 1991)
Healthy trading volumes for the week ended Nov. 26 did not translate into an overall market gain. The general market portfolio index dropped a hefty 27.5 points and the mining and minerals index was o…
Soviet scientists to visit Sudbury
A symposium featuring earth scientists from the Soviet nickel camp at Norilsk in Siberia and their counterparts at Sudbury, Ont., is being organized for Oct. 2-6, 1992, at the Ontario Geological Surve…
Third quarter trims Crown
A third-quarter loss of US$1.2 million trimmed 9-month earnings for Crown Resources (VSE) this year. The company reported earnings of US$145,000 for the nine months ended Sept. 30, compared with US$2….
Fort Knox puts two drills to work at Shining Tree
Fort Knox Gold Resources (TSE) has moved two larger rigs on to its base metal play in the Shining Tree area of northeastern Ontario after the first rig, testing the company’s nickel-copper discovery, …
FMC quarterly earnings slip
Chicago-based FMC Gold (NYSE) produced 95,000 oz. gold in the 1991 third quarter ended Sept. 30, a slight increase from the 89,000 oz. produced in the comparable period last year. But the company’s ne…
Flag encouraged by Wanapitei samples
Samples from Flag Resources’ (ASE) Wanapitei property in Mackelcan Twp., Ont., have returned anomalous values of nickel, cobalt and gold. The samples, taken from altered sandstone north of Jones Lake,…
Quebec committed to use of asbestos
Quebec is committed to promoting the safe use of asbestos, the province’s deputy prime minister and minister of energy and resources recently told an international conference in Kuala Lumpur, Malaysia…
LETTERS TO THE EDITOR (December 02, 1991)
When your writer was at Cord Ranch recently, he should have stopped by Alligator Ridge. He would have found that Kennecott Corp. and Nerco Inc. no longer own Alligator Ridge; rather, USMX Inc., a soli…
Vancouver Stock Exchange (December 02, 1991)
Trading activity was relatively flat during the week ended Nov. 26, with the resource index posting a 1.3-point loss to 508.17 and the composite index gaining 5.2 points to close at 561.55. The recent…