Great Lakes intends to make rights offering
Great Lakes Minerals (TSE) said it intends to make a rights offering for its Ontario shareholders, who would receive one right for each common share owned. Five rights plus a subscription price (yet t…
Articles by Northern Miner Staff
American Barrick earnings increase 81% in third quarter
Driven by an astute hedging program and lower operating costs at six gold mines, American Barrick Resources (TSE) reported record earnings in both the third quarter and nine months ended Sept. 30. Thi…
View from the West (October 28, 1991)
The headline of an Oregon Lands Coalition newsletter tells it all: “This Country Is Run by Those Who Show Up.” Only recently has the Canadian mining community been showing up. We must redouble our eff…
FUTURES PRICES (October 28, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Oct 106.60 106.15 106.20 + 0.60 Nov 105.60 105.60 105.65 + 0.65 Dec 105.50 104.40 104.90 + 0.80 SILVER (in US cen…
U.S. REPORT (October 28, 1991)
Drilling on the Gibbs property in Mariposa Cty., Calif., continues to return high-grade gold intersections for owners Dessir Resources (VSE) and A.T.& E. Mining. Dessir is earning a 50% interest in th…
Echo Bay makes oddlot’ offer
Gold producer Echo Bay Mines (TSE) announced a program under which shareholders owning “oddlots” of the company’s stock (fewer shares than a board lot of 100 shares) may either sell their shares or pu…
Cheni considers suspending Lawyers
The recent downgrading of reserves at the Lawyers mine in north-central British Columbia, coupled with low gold and silver prices, has prompted Cheni Gold Mines (TSE) to consider suspending mining ope…
Unlisted Trading (October 28, 1991)
Encouraging results from Fortune Minerals’ 100% owned Robin claims, 100 km northwest of Yellowknife, N.W.T., were released one day too late to affect the market for the week ended Oct. 22. Fortune say…
OBITUARY (October 28, 1991)
Noted prospector William Knox, founder of TSE-listed Fort Knox Gold, died recently in Toronto. He was 75. Knox is best known for his involvement in tantalum-columbium discoveries at Oka, Que., and bas…
Spot prices at a glance (October 28, 1991)
Week’s Change Price (US) Gold* $362.90 + $6.50 Silver* $ 4.15 + $0.10 Platinum* $367.10 + $1.35 Nickel** $ 3.34 – $0.01 Lead** $ 0.23 …. Copper $ 1.07 …. Zinc $ 0.45 + $0.01 Courtesy of Scotiabank…
Louvicourt mine capital cost set at $326.4 million
The capital cost of building a 5,000-tonnes-per-day copper-zinc mine on the Louvicourt Twp. property held 55% by Aur Resources (TSE) and 45% by Societe Miniere Louvem (TSE) will be $326.4 million, acc…
EDITORIAL PAGE (October 28, 1991)
The recent U.S. court of appeals’ decision to throw out an Environmental Protection Agency (EPA) ban on asbestos is good news for the asbestos mining industry in Quebec and British Columbia, but it’s …