OBITUARY (November 25, 1991)
Noted consulting engineer Arthur Stewart Bayne died earlier this month. He was 81. Born in England, Bayne graduated from Queen’s University in Kingston, Ont., with a degree in mining and metallurgy an…
Articles by Northern Miner Staff
Dasher offering
Consolidated Dasher Resources (VSE) plans a rights offering, subject to regulatory approval, in Ontario and British Columbia. One right will be issued for one share; three rights and 15 cents will per…
Amax gets permit for Hayden Hill after 2-year wait
Final permits for the Hayden Hill gold project northwest of Susanville, Calif., have been received by owner Amax Gold (NYSE), clearing the way for an immediate construction start. Amax completed a pos…
Workers settle at Highland Valley
A new 2-year agreement has been ratified by Highland Valley Copper workers in south-central British Columbia. The contract, to run until Sept. 30, 1993, increases wages by 5% in each of the two years….
Agnico hits new zone at LaRonde
Agnico-Eagle Mines (TSE) has discovered a new gold-bearing zone lying 300 ft. north of the main producing horizon at the LaRonde mine near Rouyn-Noranda, Que. Agnico intersected the 2-3 ft. thick zone…
Spot prices at a glance (November 25, 1991)
Week’s Price (US) Change Gold* $362.55 + $6.10 Silver* $ 4.08 + $0.03 Platinum* $366.15 + $2.50 Nickel** $ 3.23 – $0.07 Lead** $ 0.23 + $0.01 Copper{ $ 1.07 – $0.02 Zinc{{ $ 0.52 + $0.04 @SPOTTEXT = C…
New drill targets could boost Nicholas Lake gold reserves
A number of new drill targets were identified during a recently completed exploration program by Athabaska Gold Resources (TSE) on its Nicholas Lake project, 57 miles north of Yellowknife, N.W.T. The …
Mine writeoffs hurt Granges
Writeoffs at the Crowfoot/Lewis mine in Nevada and the now-closed Tartan mine in Manitoba helped push Granges (TSE) into a $22.3-million loss for the three months ended Sept. 30. Granges wrote down it…
FINANCING (November 25, 1991)
Silverstone Resources Ltd – 1,500,000 shs offered @ 17 per sh.
MinVen outlines terms of United Coin merger
Colorado-based MinVen Gold (TSE) is set to secure the 66% interest in the Golden Reward mine it doesn’t already own by agreeing to merge with United Coin Mines (TSE) of Toronto. After freezing conditi…
Montreal Exchange (November 25, 1991)
An economy with few bright spots seemed to worry investors during the week ended Nov. 20. Both the market portfolio and mining and minerals index turned down, the former by 55.5 points and the latter …
Bull Run seeks new opportunities
Armed with proceeds from last year’s sale of a 40% interest in the Big Springs mine, Bull Run Gold Mines (NASDAQ) is continuing to seek new mining opportunities. The Denver-based junior sold its inter…