Starmin placement (November 18, 1991)
Starmin Mining (TSE) said it has entered into a 2-stage private placement, subject to regulatory approval, with Craig Arnott worth almost $390,000. The first stage, worth an aggregate $156,750, will c…
Articles by Northern Miner Staff
PRODUCER PRICES (November 18, 1991)
ALUMINUM: MW U.S. market US53.25-53.75 per lb. (Oct. 31, 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 Yo…
FUTURES PRICES (November 18, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Nov 105.25 104.80 105.80 – 1.00 Dec 105.10 103.90 104.60 – 1.95 Jan 103.70 103.50 103.90 …. SILVER (in US cents…
Falconbridge to cut output by 12,000 tonnes of nickel
Taking its cue from fellow nickel miners Inco Ltd. (TSE) and SLN of France, Toronto-based Falconbridge Ltd. is cutting back production at operations in Sudbury, Ont., and the Dominican Republic. Falco…
Spot prices at a glance (November 18, 1991)
Week’s Price (US) Change Gold* $356.45 + $2.05 Silver* $ 4.05 – $0.02 Platinum* $363.65 + $1.40 Nickel** $ 3.30 – $0.04 Lead** $ 0.22 – $0.01 Copper $ 1.09 + $0.01 Zinc $ 0.48 + $0.03 Courtesy of Scot…
Jonpol obtains Garrison funding
Toronto-based junior Jonpol Explorations (TSE) recently raised $150,000 for exploration on its Garrison Twp. joint venture with T&H Resources (TSE) by way of a private placement of 375,000 treasury sh…
Rights offering for Great Lakes
In order to raise money for its copper project in Michigan, Great Lakes Minerals (TSE) is offering shareholders one right for every share held as of Nov. 19. With five rights and 50 cents, shareholder…
CIM symposium
The Seventh Mineral Economics Symposium will take place Jan. 16 in Toronto’s Sheraton Centre. Topic is “Back to basics: managing the risks to reap the rewards.” The symposium is held by Toronto’s Mine…
Francoeur mine enters production
The Francoeur gold mine of Richmont Mines (TSE) and LAC Minerals (TSE) near Rouyn-Noranda, Que., entered commercial production recently and is expected to produce 5,200 oz. during the last quarter of …
Federal-provincial agreement to benefit northern Ontario
With mining revenues down and prospecting activities barely a shadow of what they might be, the governments of Canada and of Ontario have injected $95 million into the Northern Ontario Development Agr…
Earnings slip for Amax Gold (November 11, 1991)
A drop in gold output as well as an increase in production costs negatively affected the earnings of Amax Gold (NYSE) for the period ended Sept. 30. Earnings for the third quarter dropped to US$5.4 mi…
Soviet resources focus of symposium
The Colorado School of Mines campus in Golden will be the site of the first international symposium on the vast mineral deposits in Russia and other republics of the Soviet Union on Nov. 18-21. “The i…