Vancouver Stock Exchange (November 25, 1991)
Trading activity followed the lead of major markets in the east, with both local indices losing ground during the week ended Nov. 19. The composite index dropped by 18.38 points to finish at 556.36, w…
Articles by Northern Miner Staff
FREE MARKET (November 25, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Nov 19 Nov 18 Nov 15 Nov 14 Nov 13 Copper 1311-1312 1326-1327 1357-1358 1341-1342 13…
VSM completes more drilling
Recent drilling on the Grevet zinc project in northwestern Quebec has intersected two new zinc-bearing horizons north of the Orphee zone. Although the mineralization is not economical, partners VSM Ex…
GOLD FUNDS (November 25, 1991)
BGR Central Net Value $8.22 $4.95 Price $7.50 $4.450 Discount 8.75% 10.1% Value $48,936,000 $74,868,135…
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…
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…