PRODUCER PRICES (November 25, 1991)
ALUMINUM: MW U.S. market US53.25-53.00 per lb. (Nov. 7, 1991). ANTIMONY: New York dealer US82-84 per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep. 26, 1991). CADMIUM: New Yor…
Articles by Northern Miner Staff
Laramide purchase
Laramide Resources (TSE) has boosted its interest in Norcal Resources (VSE) to 17.5% through the acquisition of 231,593 shares. The transaction was the result of a settlement of outstanding debt.
U.S. REPORT (November 25, 1991)
A study by American Mine Services on the Haile gold property near Kershaw, S.C., has boosted reserves for owner Piedmont Mining (NASDAQ). The study estimated proven and probable reserves minable by op…
Cyprus smelter closed for repairs
Colorado-based Cyprus Minerals (NYSE) is shutting down its copper smelter in Miami, Ariz., for four months to repair damage from an incident in early November which involved a breakout of copper matte…
Mint to boost silver content
The Royal Canadian Mint in Ottawa said it plans to increase the silver content in two of its major collector coin programs. The annual commemorative dollar coin will be struck in 1992 in .925 or sterl…
Madsen studying Red Lake mine
Minable reserves within the upper eight levels of the former Madsen gold mine near Red Lake, Ont., are insufficient to justify a resumption of operations, according to a study undertaken by Madsen Gol…
Platoro project placed on hold
The Platoro gold property in Colorado is being placed on a care-and-maintenance basis by its two owners, Panorama Resources (VSE) and a subsidiary of Belgium-based Union Mines, until there is an impro…
Infrastructure makes up for Andacollo’s low grade
The old maxim about finding new mines near old ones has been taken to the extreme by Placer Dome (TSE). The Andacollo copper project, 50 km from this picturesque coastal town, not only is near, but vi…
Little known about geology of intriguing Fort Knox find
Claim maps of the Shining Tree area near Cobalt, Ont., are changing almost daily as junior companies position themselves for what could become a major area play. Following the discovery of nickel-copp…
Arimathaea shares
Arimathaea Resources (TSE) reports that all of its US$600,000 principal amount of convertible debentures have been converted and 571,428 shares issued. Also, the company said the expiry date for 461,1…
Toronto Stock Exchange (November 25, 1991)
Dark visions of how a sloth-like economic recovery will affect corporate earnings sent share prices in New York and Toronto tumbling downward during the week ended Nov. 19. Recognizing that stocks are…
PEOPLE (November 25, 1991)
Walter Lawrence elected senior vice-president, operations; Eric Hamer elected vice-president and general manager.