GOLD FUNDS (November 18, 1991)
BGR Central Net Value $8.16 $4.90 Price $7.38 $4.400 Discount 9.63% 10.2% Value $48,588,838 $74,026,920…
Articles by Northern Miner Staff
Study aims to clarify cyanide use
Canada’s 54 primary gold producers use about 23,000 tons of cyanide a year. There is emphasis on the word “about” as selling the chemical is a highly competitive business and suppliers are loathe to d…
TRUE GRIT: Skiers delay garnet mine startup
If all goes according to plan, Polestar Exploration (VSE) and Hawkeye Developments (VSE) expect to have Canada’s only garnet mining and processing facility in production by the fourth quarter of 1992….
Montreal Exchange (November 18, 1991)
Benefiting from a buying mood by investors, the ME recorded a 43.4-point gain in its market portfolio and a 54.6-point gain in its mining and minerals index during the week ended Nov. 12. Daily tradin…
Willingdon and Sandy K negotiate merger terms
Willingdon Resources (CDN) has reached an agreement in principle to merge with Sandy K mines, a private company. Sandy K’s main asset is a high-grade silver and cobalt property in the Gowganda area of…
Low costs at Golden Giant
The low-cost Golden Giant mine of Hemlo Gold Mines (TSE) on the north shore of Lake Superior continues to perform well. The company reports third-quarter gold output of 118,110 oz. (about the same as …
U.S. REPORT (November 18, 1991)
After 22 years of operation, Phelps Dodge (NYSE) will be closing its Tyrone mine concentrator in New Mexico. Sulphide ore reserves are expected to be exhausted by the end of 1991 but mining of low-gra…
Remedial work
A $30,000 provincial grant has been awarded to the Township of Coleman in northern Ontario to undertake remedial work on the former Silver Queen mine site, the Ontario Ministry of Northern Development…
Former LAC officers plan share offering, TSE listing
Toronto-based Tri Origin Exploration, a private company with mineral properties in Ontario and Australia, plans to make a share offering of $1.5-2.25 million in preparation for listing on The Toronto …
INSIDER TRADING (November 18, 1991)
Vancouver resource giant Cominco (TSE) recently upped its stake in the Windy Craggy copper-cobalt deposit in northwestern British Columbia by converting Geddes Resources (TSE) warrants into shares. Ac…
Hemlo, Glimmer resume drilling on Beatty-Hislop
After a 5-month hiatus, Noranda Exploration has resumed drilling on the Beatty-Hislop gold property near Matheson, Ont., a 60-40 joint venture between Hemlo Gold Mines (TSE) and Glimmer Resources (VSE…
Golden Bear mine interest purchased
A recently completed agreement-in-principle could result in North American Metals (TSE) owning 100% of the Golden Bear mine in northern British Columbia. If a final agreement is completed, North Ameri…